Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Gary. He inherited a share of a relative’s property, and a tax lawsuit followed. Someone told him he must finish probate first. So Gary assumes he is stuck, since the inherited property never went through probate.
At first, that feels like a dead end. After all, probate sounds slow and costly. But Gary soon learns probate is not always required to get out.
How Gary got out of inherited property without probate
Gary’s share passed to him under Texas law when the owner died. So he can often sell his portion of inherited property without probate being finished. Instead of waiting on a court process, he lets a buyer take over his portion. Then the buyer helps document the ownership. Also, his name comes off the lawsuit.
In the end, Gary handled the inherited property without probate dragging it out. He paid nothing out of pocket. Now he carries no liability for the property or the taxes.
What this story shows:
Probate is not always required to deal with inherited property or to get out of a tax lawsuit.
A buyer can often help document ownership and remove your name, even without probate.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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