To: X-spurt
What complex inheritance arrangement? They hardly ever follow the law regarding title and transfer. East Texas Holderpeople rarely record land transfers in inheritances.
Anytime trying to purchase land connected to such undivided heirships is a title nightmare and invariably there is one in the bunch that refuses to go along thinking they should get 10 times the value.
The 9 acres is probably one of 15 heirs and likely 1/2 mile long and 50 feet wide an not useful for doodley except extorting the power company.
Yeah...the "complex inheritance arrangement" is probably the Texas statutes on intestate descent and distribution, which is generally the only type of estate planning used by East Texas Holderfolk.
27 posted on
09/01/2013 12:15:23 PM PDT by
Milton Miteybad
(I am Jim Thompson. {Really.})
To: Milton Miteybad
You got it.
I think they think if heired land is undivided they won’t have to pay taxes on it. This is where tax appraisal districts have to really earn their money figuring those messes out and taxes ever being paid ahead of a sale.
36 posted on
09/01/2013 2:46:33 PM PDT by
X-spurt
(CRUZ missle - armed and ready.)
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