Texas Property Code Chapter 112 is part of the Texas Trust Code. A trust is a legal arrangement where one party, called the “trustee,” holds legal title to certain property and manages it for the benefit of other parties, called the “beneficiaries.” Chapter 112 of the Texas Trust Code governs the creation, validity, modification, and […]
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Texas Estates Code Section 256.204 contains the filing deadline or “statute of limitations” for a will contest lawsuit. It states that “after a will is admitted to probate, an interested person may commence a suit to contest the validity thereof not later than the second anniversary of the date the will was admitted to probate.”
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“Per stirpes” is a Latin phrase that means “by roots” or “by branch.” In the estate law context, it is a method of distributing estate assets that allows a beneficiary’s heirs to receive their inheritance if they pass away before the person creating the will. This concept is best illustrated through an example: Say Anna
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A life estate is a type of real property interest that grants someone ownership rights for their lifetime or someone else’s lifetime, and grants a future interest in another person or persons, known as “remainderman” or “remaindermen.” The owner of the life estate, known as the “life tenant,” generally has the right to possess and
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When people pass away, they often leave behind bank accounts, investments accounts, retirement accounts, real property (homes, rental properties, etc.) and other personal assets as inheritance for their survivors. But how do two or more siblings divide up inherited real estate and other property? This question has caused countless family quarrels. However, you can take
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Typically, if you are a beneficiary of a revocable living trust or an heir of a trustor or grantor (the person that created the trust), you have a minimum of 120 days to file your contest petition in the appropriate court, at least in California. The 120-day time period may seem excessively short, but statutes
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