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Let's Get Real About Community vs. Separate Property in Texas with Carey Worrell
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Episode Summary:
Welcome back to The Real in Real Estate Podcast! In this episode, we dive deep into the critical topic of community property versus separate property in Texas with guest Carey Worrell of Simple Law Texas. Carey is an expert in this area and is passionate about helping agents, buyers, and sellers understand these often-misunderstood legal concepts, especially when dealing with divorce, inheritance, or estate planning.
Carey Worrell dispels common myths and shares essential guidelines, including:
✔️ The fundamental definitions of community and separate property in Texas, and how the timing and method of acquiring property are the key determining factors.
✔️ How property is distributed under Texas law when someone dies without a will (intestate), and how it affects spouses and children, particularly those from previous relationships.
✔️ The unintended consequences of adding a spouse's name to a deed for property that was acquired before marriage and how this simple action can have major legal and financial ramifications.
✔️ Why it is essential to consult legal experts like attorneys or title companies for complex property questions to avoid costly mistakes, delays, and other legal pitfalls.
This episode is full of crucial knowledge that can impact real estate transactions and protect your clients (or yourself). If you work with property in Texas, this is a must-listen!
To connect with Carey Worrell:
- Website: www.simplelawtx.com
- Instagram: @SimpleLawTX (for helpful content and free webinar announcements)
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