After a person dies, real property is immediately owned by the heirs-at-law if there is no will or by the beneficiaries in a will if the person left a last will and testament. Tex. Estates Code §§ 101.001(a), 201.001, 201.002, 201.003. Many properties that are inherited by heirs or given to devisees under a will […]
Read more...Author: admin
Texas Structured Settlement Agreements
It is not uncommon for plaintiffs in Texas to receive a structured settlement as opposed to a lump sum as compensation for their losses. Generally, there are certain tax benefits for the plaintiffs and cost savings for defendants associated with structured settlements. Despite settling for a series of payments over time, many plaintiffs and their […]
Read more...Hard Money Lenders and Homestead Property
Texas has strong protections from the forced sale of homestead property; however, there are some limited exceptions for certain types of liens that do attach to homesteads. It is well settled that non purchase money loans from hard money lenders will not attach to homestead properties in Texas. If unable to qualify for a home […]
Read more...Consulting Experts vs. Testifying Experts
Experts are a vital part of most litigation in Texas. There are generally two types of experts used in the litigation process: testifying experts and consulting experts. “A testifying expert is an expert who may be called to testify as an expert witness at trial. A consulting expert is an expert who has been consulted, […]
Read more...Limitations For Contribution Claims Between Co-Owners
Co-tenants in Texas that bring partition suits often have claims for reimbursements that may include insurance premiums, repairs, improvements, rent and taxes. In many situations, one co-owner of real estate has paid expenses or collected rent for the property for years and sometimes decades. These claims for reimbursements are typically pleaded as a claim for […]
Read more...Adoption By Estoppel
When a decedent with children leaves no will at the time of death (known as dying intestate), the children of decedent will generally inherit the estate. The Texas Estates Code specifies that a child includes an adopted child, whether the adoption occurred through formal proceedings or an equitable adoption. Tex. Est. Code Ann. § 22.004 […]
Read more...Disclaimers of Real Estate in Texas
There are situations where a person does not want to take title to real estate passed to them by will or inheritance. Some examples might include low value properties with large tax or assessment obligations, properties encumbered by substantial liens, or properties with large environmental risks. Other reasons for wanting to disclaim real estate might […]
Read more...When a Texas Property Manager May Be Liable for the Debts of the Property Owner
Property managers routinely contract for services to properties on behalf of the owner. Commercial real estate projects including apartment complexes, retail centers, and office buildings need a variety of services for things such as landscaping and janitorial. Service agreements are often signed and orders are placed without much thought as whether the property manager has […]
Read more...Suits in Texas For Real Estate Commissions
There are many types of oral contracts in Texas that are legally binding and enforceable under the law. For example, a homeowner might make an agreement with a landscaping service for weekly yard maintenance without any documentation. This is an example of a binding and enforceable agreement, and failure of the homeowner to render payment […]
Read more...Liability Between Co-Borrowers on a Note
A person who signs a note and promises to pay a certain sum is known as a maker on the note or payor. It is not uncommon in Texas for there to be multiple makers known as co-borrowers or co-makers on a note. While it is well known that co-borrowers are jointly and severally liable […]
Read more...