Probate abuse clips from EstateofDenial.com (11/18/15)

Texas Legislature Creates New Way to Transfer Real Property Upon Death

Orange Leader

November 13, 2015

Thanks to the 84th Legislature, Texans have a new, easy way to transfer real property to someone else upon their death. It does not involve going through probate court, which can be a lengthy and costly process. It also allows the owner to keep the exact same rights to the property that they’ve always had while they are alive – they can get the property tax exemption, use it as collateral on a loan, or sell the property as they like.

It works similarly to a life insurance policy or a payable on death bank account because the asset passes directly to the beneficiary named in the transfer on death deed outside the probate system when the owner dies.

 

Benson position “not as strong as his heirs” (TX/LA)

WWL.com

November 15, 2015

Lawyers for Saints and Pelicans owner Tom Benson and his estranged heirs are headed to mediation over Benson’s lawsuit to remove them as future owners of the teams. Legal analyst Tim Meche believes this is a sign that Judge Jane Triche Milazzo indicated to Benson’s lawyers that they would not win the case during trial.

“He cannot unilaterally cut his heirs out of the ownership of those teams. He’s going to have to negotiate with them.”

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