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Probate Issues for Sellers
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Today we are talking to John Strohmeyer, a licensed attorney, probate and estate issues. We discuss the implications of property ownership within trusts, shedding light on what happens to a house when someone passes away.
Whether or not you have a will in place, the episode breaks down the intricacies of probate, highlighting the importance of estate planning, especially when dealing with real estate. This episode provides valuable insights into estate planning and property ownership, making it a must-listen for homeowners and those seeking clarity on these important matters.
In this episode, you’ll learn:
- Significance of having a will
- The challenges that can arise without a will
- Potential complexities of transferring property title to surviving spouses and,
- Navigating lender interactions
Must-listen moments:
[00:00:57] What happens to the property mortgage when the property owner passes away
[00:02:53] How long does a probate process usually take?
[00:04:19] What is community property in Texas?
[00:05:38] Small estate affidavit vs. full heirship
[00:07:14] State of Texas’ responsibility when a spouse passes away
[00:08:55] How to deal with the mortgage company?
John Strohmeyer: https://www.strohmeyerlaw.com/
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📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo
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