Freeing Texas Inherited Real Estate Through Probate by Austin Texas Inherited Real Estate Lawyer Jason Coomer

Many Situations Can Cause Texas Inherited Real Property To Become Stuck After The Death of a Family Member: Failure To Free Inherited Real Estate Can Result In The Loss Of Family Inheritance by Austin Texas Inherited Real Estate Lawyer Jason Coomer

After a family member dies, their real property can often become stuck in the inheritance process and if proper action is not taken it can be lost to foreclosure.  This is especially common when the person dies without a Will and leaves no instructions as to what they want done with their possessions after they die.  In this situation, Texas real property will need to be transferred under Texas intestate law.  As such, it is important to understand what Texas intestate law says on how the estate should be divided and how title to the real estate can be transferred.

In addition to the issue of intestate succession, there are also a number of other common situations that can cause inherited real property to become stuck.  A few of these situations are discussed in this blog post.  The first situation occurs when the family is unable to move forward with the probate process because of lack of resources.  The second situation occurs when the family is unable to move forward with probate because of proximity issues.  In other words, the heirs do not live in Texas or close to where their loved one died.  In still other situations families can start fighting over their loved one's estate.  In all these situations, real estate can become stuck for years or can even be lost.

Freeing Texas Real Property From Probate Usually Requires The Services of One or More Texas Probate Real Estate Lawyers

Depending on the reason that has caused the Texas inherited property to become stuck in the probate process, the solution may be hiring a Texas probate real estate lawyer.  In the situation where the family cannot afford the probate process, a Texas probate real estate lawyer can sometimes work out a contingent contract or a hybrid contract where the lawyer will work to free the real property so it can be sold or mortgaged allowing the heirs, beneficiaries, court costs, attorney's fees, and other expenses to be paid out of the sales proceeds of the real property or a loan on the property.  In these situations, families can often prevent losing inherited property through foreclosure or taxes.

In the situation where the family lives outside of the State of Texas, a Texas probate real estate attorney can often be appointed the local agent for the administrator or executive and help with many of the tasks that need to be handled in administering the estate.  This can greatly limit the need for the family to make numerous trips to Texas or the county where their loved one died and allow a busy family member to handle probate issues without a significant drain on their time.

In situations where the heirs and beneficiaries start fighting, it is often necessary for multiple Texas probate real estate lawyers to become involved.  In these situations, it is typically best for each side to have their own legal counsel to advise them as to their rights under Texas law and if necessary to have legal counsel that can advocate for their rights.  These contested probate lawsuits can be expensive, but can be necessary when someone is attempting to steal family inheritance or the family needs experienced legal help to settle a disputed probate matter and prevent the loss of inherited real estate in Austin or Texas. 

Texas Probate Real Estate Lawyer Clears Title To Probate Property and Handles Probate Issues

As an Austin Texas Probate Real Estate Lawyer, Jason Coomer, handles Texas probate, estate, and inheritance matters.  He works with families including Texas families and out of state families on a variety of Texas probate, estate, and inheritance issues.  These issues commonly include probating Wills, contesting Wills, fighting will contests, clearing title to estate property, claiming estate property, filing suits to determine rightful heirs of estates, filing breach of fiduciary duty lawsuits, and representing estate administrators.  For questions on Texas probate, estate, and inheritance matters, please feel free to send an e-mail message to Austin Texas Probate Lawyer and Austin Texas Inheritance Lawyer Jason S. Coomer or please feel free to use our contact form.

Lehman 100 Percent Principal Protected Note Investment Fraud Lawsuits by Texas Investment Fraud Lawyer and FINRA Lawyer Jason S. Coomer

Lehman Brothers 100 Percent Principal Protected Note Investment Fraud Lawsuits by Texas Investment Fraud Lawyer and FINRA Lawyer Jason S. Coomer

In September 2008, Lehman Brothers collapsed causing investors to lose retirement funds, savings, and large amounts of money.  Many of these investors had invested in Lehman 100 Percent Principal Protected Notes.  Over $1 Billion of these notes were sold to investors.  The 100 Percent Principal Protected Notes were marketed as a conservative investment that was “risk free” and perfect for retirement accounts. However, these notes were actually unsecured obligations subject to the credit risk of Lehman Brothers, and their value was wiped out when Lehman Brothers collapsed and filed for bankruptcy.

Investors that were sold these 100 Percent Principal Protected Notes may have a viable cause of action against UBS or other brokers that improperly marketed and sold these notes.  Time is limited to file these investment fraud cases and investors that are interested in seeking compensation for significant losses from the 100 Percent Principal Protected Notes should contact an investment fraud lawyer.

FINRA Arbitration Claims

FINRA arbitration typically allows investors that have lost substantial amounts of money from broker fraud or misrepresentations to seek compensation through arbitration.  Claims for FINRA arbitration should be filed within six years of the wrongful actions by the broker.  For more information regarding a FINRA arbitration, please feel free to go to the following web page:

http://www.finra.org/ArbitrationAndMediation/Arbitration/Overview/

Lehman Brothers Was The Fourth-Largest U.S. Investment Bank At The Time of Its Collapse and The Largest Bankruptcy In History

 
On September 15, 2008 in the midst of the sub-prime melt down, Lehman Brothers one of the largest U.S. investment banks was forced to file for bankruptcy. At the time of filing for bankruptcy, the investment bank had $639 billion in assets and $619 billion in debt and the bankruptcy filing was the largest in history.  Since Lehman's bankruptcy filing, the Lehman lesson has been that large investment banks and large corporations need to keep substantial liquid assets and cash reserves in order to make sure that they can pay their debt obligations.  Additionally, it helps to have significant investment diversity and political clout like AIG to ensure a government bailout.

Lehman Brothers was the largest victim, of the U.S. subprime mortgage-induced financial crisis that swept through global financial markets in 2008. Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008, the biggest monthly decline on record at the time.

Lehman Note Investors Can Seek Compensation for Their Loses From Brokers That Failed To Properly Disclose Risk and Improperly Marketed These Notes

UBS, Wachovia, Merrill Lynch, Citigroup, and other brokers that improperly marketed and sold Lehman 100 Percent Principal Protected Notes may be forced to pay compensation for failing to properly disclose the risks of these investments.

If you have lost your life savings, retirement fund, or a large amount of money through an investment fraud scheme, misappropriation of funds by a broker or investment firm, misrepresentations, improper disclosures, broker negligence, careless investment advice, deceptive investment advice, inadequate risk warnings, churning, or other unethical or unlawful investment acts, please feel free to send an e-mail to Texas Investment Fraud Lawyer Jason Coomer.  For more information on investment fraud lawsuits and FINRA arbitrations, please go to the following web page: Texas Investment Fraud Lawyer and Texas Broker Fraud Lawyer.