Scotts Valley, CA asked in Estate Planning for Texas

Q: How are assets (real estate) distributed to heirs when properties are sold under an independent administrative situation

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1 Lawyer Answer
Isaac Shutt
Isaac Shutt
  • Estate Planning Lawyer
  • Richardson, TX
  • Licensed in Texas

A: If the properties are sold to a third-party, then there would not be real estate to distribute. Are you asking how the money from the sale of the real estate gets transferred to the heirs?

If yes, then the answer is: after the sale, the proceeds are put into an estate account. Then, any estate expenses are deducted. After these deductions, the remaining balance is transferred to the heirs.

If the real estate is not being sold to a third-party by the administrator, then you're looking for the administrator to deed the real estate to the heir(s) via warranty deed/

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