Showing posts with label Real Estate and Probate. Show all posts
Showing posts with label Real Estate and Probate. Show all posts

Monday, February 22, 2021

A place to locate contact information and resources for most Texas Probate Courts





Have you found yourself in the probate process in Texas? Weblinks and contact information of a few of the local probate courts as well as a website to help you locate the contact information of most Texas Probate courts.


Locate information about your Texas Probate Court Here:  THE TEXAS OFFICE OF COURT ADMINISTRATION





Denton County
County Probate CourtProbate CourtDenton1450 E McKinney St, Ste 2412
Denton, 76209-4524
nydia.godinez@dentoncounty.com
(940)349-2140
website




Dallas County
County Probate CourtProbate CourtDallas1201 Elm St, Ste 2400-A
Dallas, 75270
(214)653-7236
website
County Probate CourtProbate Court No. 2Dallas1201 Elm St, Ste 2200-A
Dallas, 75270
lincoln.monroe@dallascounty.org
(214)653-7138
website
County Probate CourtProbate Court No. 3Dallas1201 Elm St, Ste 2200-B
Dallas, 75270
(214)653-6166
website




Tarrant County
County Probate CourtProbate Court No. 1Tarrant100 W Weatherford, Rm 260A
Fort Worth, 76196-0241
probatecourt1@tarrantcounty.com
(817)212-7238
website
County Probate CourtProbate Court No. 2Tarrant100 W Weatherford, Rm 150
Fort Worth, 76196-7752
taclay@tarrantcounty.com
(817)884-1415
website



Collin County
County Probate CourtProbate Court No. 1Collin2100 Bloomdale Rd, Ste 12010
McKinney, 75071
cevans@collincountytx.gov
(972)548-3810
website




The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Other Real Estate and Probate Information Real Estate Probate Information

Free tool for determining the value of your home?   What is my Homes Value?

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

Wednesday, January 13, 2021

Probate and Real Estate - What is Muniment of Title

 

Muniment of Title - Can be used when there is a will and no debts other than debts secured by a lien on real estate.



 The Muniment of Title process is most often used to transfer Real Estate from the decedent to the beneficiaries when there are no other debts. Unlike other probate processes, this process will not have a specific person acting on behalf of the estate.   


Benefits of this process include completing the title transfer of Real Estate quicker with less cost


Obstacles of this process include difficulties in transferring none real estate assets such as stock, bank accounts, and such because no one person is acting on behalf of the estate. 


The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Other Real Estate and Probate Information Real Estate Probate Information

Free tool for determining the value of your home?   What is my Homes Value?

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

Thursday, December 17, 2020

Probate and Real Estate - Types of Probate in Texas

 


Texas has various types of probate procedures. The procedure used will be determined by whether the decedent had a will, the size of the estate, and the type of property involved. Knowing how your particular situation will be probated can help you set expectations and determine how and when to deal with any real estate involved. 


Probate procedures include:

Administration with will annexed - Used when the named executor is no longer capable to serve as executor or the will have not named an executor 

Small Estate - Could be available when the value of the probate estate is less than $75,000, excluding the value of homestead and other exempt property. Other qualifications apply.  

Dependent administration - The executor or administrator will be appointed and supervised by the courts. Many actions and transactions will require court approval before finalizing. 

Proceeding to determine heirship - Court proceeding used to determine heirs when a decedent passes without a will. 

Independent Administration - Mostly simple process requiring little court supervision.

Administration with dependent executor - Often used when creditors are many and asset few, when a will is being contested, or the will have not specified independent administration

Muniment of title - Can be used when there is a will and no debts other than those secured by a lien on real estate. 


The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Other Real Estate and Probate Information Real Estate Probate Information

Free tool for determining the value of your home?   What is my Homes Value?

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

Friday, December 11, 2020

Probate and Real Estate - When is Probate Required?

 Probate is required when the decedent (person who has died) dies without a will (know as dying intestate). In this instance, the Texas Probate Code dictates who the heirs are and the amount they will inherit.  

Probate may not be required when the decedent died with a will (known as dying testate). The assets pass to the beneficiaries in the will as named. Probate may be required if the will is contested or if at the time of death the decedent owned property that is subject to probate. Most property is subject to probate unless an effort was made with the title to the property to avoid probate. 

Property Owned as -  Sole Ownership, Tenancy in Common, or Community Property is subject to the probate process. 

Property owned as -  Joint Tenancy with Survivorship or Tenancy by the Entireties pass as owned.



The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Other Real Estate and Probate Information Real Estate Probate Information

Free tool for determining the value of your home?   What is my Homes Value?

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

Monday, December 7, 2020

Probate and Real Estate - What are Letters of Testamentary or Letters of Administration and how long will they Take?

 Letters of Testamentary- Are issued when there is a Will. They are court-appointed documents that verify who the court-appointed executor of the estate will be.

Letters of Administration- Are issued when there is not a Will. They are court-appointed documents that verify who the court-appointed administrator of the estate will be.

The Letters of Testamentary / Administration give an executor or administrator Full or Limited Authority to move forward to Phase 2 (Administration). 

Full Authority -  Typically gives the estate representative the ability to sell a property without court supervision 

Limited Authority - Often requires court confirmation to sell a property. 




With an efficient running court and if everything is in order Letters of Testamentary or Administration should take about three to four months from start to finish. Possible delays can occur from such items as the difficulty in locating and notifying heirs. 


The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Free tool for determining the value of your home?   What is my Homes Value?

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)

Friday, December 4, 2020

Probate and Real Estate How long will it take?

Losing a loved one can be a difficult time. With the support of your family and friends, it is my hope in time that you find comfort. 

At some point in the coming months, you may find yourself going through the probate process. Often the first two questions asked when faced with the probate process are: What is probate? How long will it take?

Probate = Is the legal process of gathering the assets of a deceased person to pay their remaining debts and distribute the balance of their assets to their heirs or beneficiaries. 

The Probate Timeline = Can span from several months to several years, depending upon the complexity of the case. Below is an illustrative timeline of the probate process broken out by the 3 phases of probate. Phase 1 Appointment, Phase 2 Administrative, Phase 3 Closing



The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.  


Free tool for determining the value of your home?   What is my Homes Value

Free information, How to Sell your home? Listing and Marketing Guide

Have a question? Reply to this post or contact me here Contact me Here








PSA (Pricing Strategy Advisor),  CPRES (Certified Probate Real Estate Specialist)