#Texas personal property tax

[oconnor2023]

There are a series of elements to defining market value which we will discuss. However, the accounting calculations for depreciation have never been intended to be a reliable indicator of market value by the IRS or business. To know more about Personal Property Taxes visit:- https://www.poconnor.com/why-is-personal-property-valued/

[oconnorassociate]

How To Protest Property Taxes - O'Connor

Being charged more in taxes for not protesting yearly? This is true, and there are many ways to avoid this. Visit https://www.poconnor.com/how-to-protest-property-taxes/ to know how.

[1zashreena1]

Real life shit underneath

I am afraid.

I am fearful of so many things right now.

My parents' health is failing at a slowly but ever more increasing rate and I am literally a thousand miles away. I had a not so great relationship with my mother growing up, but ever since she went thru menopause we've been on the mend. But because I'm the youngest child and they were older than was typical when they had me, I have less time with them to begin with. I fear that something drastic will happen with the limited time of good standing I have with my parents and I won't physically see them again before they die.

In order to move closer to them I am trying to get my partner a job at my employer, where there are still fully remote positions. Partner's current job requires in office and is only located here in Florida, Texas, and Georgia. Obviously I'm not moving from 1 dumpster fire to another, so partner jumping ship from his job is really the only option. However, I have heard nothing from my HR dept and there's not much else I can do about it.

I worry myself into being so nauseous that I can't even eat over the imminent political future here in the US. I have fought my entire life to be a person with human rights under the law (and I do mean my whole life, I've been politically active since like age 12, and no my parents did not usher me into this as they do not share many of my beliefs) and I'm tired. I'm just so tired. After being in healthcare thru covid, I'm just. Exhausted. I fear that I will lose access to hormonal birth control that I need for my incredibly severe pmdd, and then lose the right to work, to own property and assets, to lose ownership of myself entirely. That level of all-encompassing fear will eat you alive from the inside out.

My other furbaby is sick with something respiratory and, just like with Allover, I can't turn off the mental terror. Kimi is not in acute distress, but I'm scared to go to sleep because what if something happens and I don't wake up. If I can't help her and she dies. I don't think I could live with myself.

I'm starting to feel like all I am is just an ever shrinking ball of angst.

Pet tax pic as a thank you for reading this mess:

My babydoll Kimi

[half-as-big-as-life]

Okay, I have to ask about "The law & daniel molloy"

YIPPEE!!! Law & daniel molloy is my baby

There's 2 universes of it right now. Both are the same premise, but the minor characters are different. All human AU.

The Law & Daniel Molloy is a crossover with one of my favorite tv shows, The Law & Harry McGraw, which itself is a spinoff of Murder, She Wrote. Harry was in 6 episodes of MSW iirc, and the spinoff had 16 episodes before it was canceled.

The show revolves around Harry, who is a private investigator in boston. His closest friend works across the hall from him in the same building, a defense attorney named Eleanor Maginnis. Harry is kind of uncouth, but nice. Ellie is fancy. You wouldn't expect them to be as close as they are from appearances/personality alone.

Ellie's husband, Matt, died two years before the last episode, and the timeline is in spinoff hell because why wouldn't it be. Harry was an alcoholic and Matt, before he died, was the one who got Harry to attend AA.

Next is Harry's niece, EJ. She works for him as his assistant. Ellie's nephew Steve works for Ellie, and he's a tax lawyer.

There's other characters, like Cookie. He is the bartender at the bar/restaurant Harry loves. Everyone else thinks the food is bad except Harry.

As well as that, there is Tyler Chase, a district attorney, who hates Harry and is in love with Eleanor. He is... something. AND he was played by Peter Haskell, the guy from the Chucky movies, I guess.

I swear, all these characters are relevant.

PART 2: CHARACTERS

Daniel takes the role of Harry, and Armand of Ellie, and Marius of Matt. I've changed my mind about EJ and Steve, I think Sybelle may be EJ and Antoine be Steve.

Thorne is Cookie. That's not truly important but it is a silly little thing and why I mentioned Cookie at all. Yippee! Thorne!

And David as Tyler Chase.

PART 3: THE AUS THEMSELVES

Section 1

Like I said, there are 2 AUs. One is of an episode of the show, the other is the ACTUAL AU.

The one that is just an actual episode of the show is the last episode, Maginnis for the People, in which Ellie is upset when her friend is accused of murdering her (the friend's) husband, and hires some famous fuck from texas instead of her (Ellie).

In this AU, which I've called De Romanus for the People, the plot is the same.

Armand's work has been slow lately

He goes to a dinner party held by Louis and Lestat, David is there, as well as Madeleine. There's others who do not matter, perhaps

David asks (read: begs) Armand to work for him, and he denies

After the dinner party, the last person leaves (Madeleine), and Louis closes the gate and sets the alarm (the housekeeper is off for the night)

The next morning, the housekeeper comes in and finds Lestat dead, an apparent suicide. Louis is upset and confused, and people are acting very strange about him

They think Louis killed his husband! But he didn't :(

Daniel and Armand go to Louis, so Armand can talk to him. Armand comforts him a bit, until Louis gets a call. Its revealed that he'd already hired Raglan James as his attorney, and didn't need Armand for it

Daniel asks housekeeper about it all (im thinking the housekeeper may be Babette, either way doesn't matter) and learns that the marriage wasn't doing too good. Separate bedrooms, Louis having a possible affair. But the weird thing is? The alarm was off when Babette got there that morning...

David has Daniel thrown off the property, and Armand is here now and FREAKING OUT! Angrily agrees to lunch w David, that he may go to work there

Of all people, Louis hired that bitch Raglan James! Instead of Armand! His friend of many YEARS!

Speedrun of the next bits:

James asks Daniel to work for him, and eventually Daniel agrees, but James tries to get him to pay off a witness. He thinks Louis is guilty. Daniel and Armand fight over his working for James. Armand has lunch w David; Claudia and Madeleine meet for the first time. He really does go to work for David but HATES it. Quits. Daniel quits working for James, too. Louis shows up, hears that Armand thinks he's innocent, and him and Armand make up.

Eventually some things happen and the killer is revealed. I won't spoil it all. But the bad guy gets arrested and everything is OK.

Section 2

This AU is not based on an episode, just the premise of the show itself. It involves Louis and Lestat, with the murder of their daughter and trying to figure out who did it. There's less thought put into this one so far, but it's more important, as it's the actual canon for tL&DM

CONCLUSION

De Romanus for the People is NOT canon to the real lore, just kinda fun

If you made it to the end WOW cause I have typed far too many words here and I apologize. Passionate soul and all that

If you have lore questions feel free to ask because I am actually insane about the show + this AU

[drst]

May 16, 2024 (Thursday)

Seventy years ago, on May 17, 1954, the Supreme Court decided Brown v. Board of Education of Topeka, Kansas. That landmark decision declared racial segregation in public schools unconstitutional.

Brown v. Board was a turning point in American history.

It established that the U.S. government would, once and for all, use the Fourteenth Amendment to protect American citizens from discriminatory legislation written by state legislatures.

Added to the Constitution in 1868, in the wake of the Civil War, as southern state legislatures were writing laws that made Black Americans subservient to white Americans, the Fourteenth Amendment asserted that the federal government could, and must, stop such discrimination. It established that “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.” It gave Congress the power to enforce the amendment.

In the late nineteenth century, the Supreme Court nodded to racial segregation in the 1896 Plessy v. Ferguson decision, getting around the Fourteenth Amendment by asserting that separate accommodations were fine, so long as they were “equal.” But in 1954 a unanimous court under Chief Justice Earl Warren, who had previously been the Republican governor of California, ruled that racial segregation established by state law in public schools denied to Black children the equal protection of the laws guaranteed by the Fourteenth Amendment.

“Separate educational facilities are inherently unequal,” it wrote.

Just two weeks before it decided Brown v. Board, the Supreme Court had decided Hernandez v. Texas, which established that not only Black Americans, but also Mexican Americans and all other nationality groups, were entitled to equal protection under the Fourteenth Amendment.

Over the following decades, the Supreme Court used the Fourteenth Amendment to strike down state laws against interracial marriage and gay marriage, and to establish equal rights for women, including the right to abortion. It also ruled the Civil Rights Act of 1964, which prohibited discrimination on the basis of race, color, religion, sex, or national origin, constitutional.

That new legal framework, embodied in Brown v. Board, both established the equal rights that were central to the modern era and sparked a backlash against them.

The federal requirement that states desegregate their public schools spurred southern state legislatures to pass laws and resolutions to block or postpone desegregation. In 1956, ninety-nine congressmen, led by South Carolina Democrat Strom Thurmond, wrote the “Declaration of Constitutional Principles,” quickly dubbed the Southern Manifesto, denouncing desegregation as unconstitutional.

Lawmakers also found ways to transfer tax dollars to private schools, which were not covered by the Supreme Court’s decision. Attendance at so-called segregation academies exploded. By 1958, more than 250,000 students had migrated to segregation academies, a number that jumped to a million by 1965.

Those opposed to racial equality made common cause with those businessmen determined to get rid of federal regulation of business. In 1955, William F. Buckley Jr., the son of an oilman, started National Review, a periodical that promised to stand against an active government that protected labor and regulated business. Buckley said he would tell the “violated businessman’s side of the story.”

In National Review, Buckley gave Virginia newspaper editor James Kilpatrick a platform to assure readers that desegregation challenged American values. Black Americans had no right to the equality declared unanimously by the Supreme Court, Kilpatrick wrote. Rather, the white community had an established right “to peace and tranquillity [sic]; the right to freedom from tumult and lawlessness.” Desegregation would lead to bloody violence, he promised, implying that Black Americans would rage and riot, although, in fact, it was the white community that was attacking Black Americans.

In 1964, Arizona senator Barry Goldwater brought these two themes to his presidential campaign. He stood firm on the idea that the federal government had no business either regulating business or protecting equality. In The Conscience of a Conservative, published under his name in 1960, Goldwater asserted that the federal government had no power over schools at all and certainly could not order them to desegregate.

Goldwater accepted the Republican presidential nomination in July 1964, less than a month after three civil rights workers registering Black Americans to vote had disappeared in Mississippi. Goldwater told his cheering supporters: “Extremism in the defense of liberty is no vice, and…moderation in the pursuit of justice is no virtue.” Strom Thurmond publicly announced that he would vote for Goldwater.

Goldwater lost in a landslide, but his loss fed the backlash against federal protection of equality, especially after Congress passed the 1965 Voting Rights Act to expand Black and Brown voting, moving many of those voters into the Democrats’ camp. In 1968, Republican Richard Nixon courted Thurmond and white southerners with a promise to slow down desegregation and a defense of state’s rights. The so-called Southern Strategy moved the former Dixiecrats to the Republican Party.

Religious traditionalists, particularly those among the Southern Baptist Convention, also opposed the federal government’s support for equality, although they got less press in the early years of that expansion. In their view, the Bible laid out hierarchical social arrangements, especially patriarchy. Government defense of women’s equality was a direct assault on their worldview.

When he ran for the presidency in 1980, former California governor Ronald Reagan courted those religious traditionalists, and in 1985 his people made them a key part of the Republican coalition. Americans for Tax Reform brought together big business, evangelicals, and social conservatives under the leadership of Grover Norquist, who had been an economist for the U.S. Chamber of Commerce. “Traditional Republican business groups can provide the resources,” Norquist explained, “but these groups can provide the votes.”

In the following decades, Republican leaders used racist and traditionalist dislike of equal rights to turn out voters who would let them put their economic policies—cuts to taxes and deregulation of business—into place. But those opposed to equal rights found themselves out of step with a majority of voters and unable to get their policies enshrined into law as courts continued to uphold equal rights for racial and ethnic minorities, LGBTQ+ individuals, and women.

The backlash against the federal protection of equal rights based on the Fourteenth Amendment entered a new era with the election of Donald Trump. In contrast to his predecessors, Trump let the racist and sexist voter base of the party drive policy. White evangelicals, especially, found in Trump an answer to their frustration at being sidelined by the courts and a majority of American voters.

Despite his own lack of personal virtue, Trump was willing to smash through the laws and court decisions that had supported equality since the 1950s, offering to center the country on traditional religion and racial hierarchies in exchange for power. Under him, traditionalists saw the courts stacked with extremists who would prioritize their evangelical faith across society, including by ending the federal protection of abortion rights.

Their fight to return Trump to power is part of their fight to establish traditional religion, rather than the equality promised in the Fourteenth Amendment, as the nation’s fundamental law. As Trump’s chief of staff Mark Meadows wrote to Ginni Thomas, the wife of Supreme Court Justice Clarence Thomas, as they plotted to overturn the decision of voters in 2020 to reject Trump: “This is a fight of good versus evil. Evil always looks like the victor until the King of Kings triumphs. Do not grow weary in well doing. The fight continues. I have staked my career on it.”

Today, almost exactly seventy years to the day after Brown v. Board ushered in a new era of equality and democracy in the United States, MAGA Republican lawmakers Andy Biggs (R-AZ), Lauren Boebert (R-CO), Michael Cloud (R-TX), Eli Crane (R-AZ), Matt Gaetz (R-FL), Bob Good (R-VA), Diana Harshbarger (R-TN), Anna Paulina Luna (R-FL), Ralph Norman (R-SC), and Andy Ogles (R-TN) traveled to Manhattan to stand with Trump at his criminal trial for falsifying business records to interfere in an election. The lawmakers made it clear that their determination to control the country has made them give up not only on the equality promised in the Declaration of Independence and defended by the Fourteenth Amendment, but also on democracy.

Echoing the promise of the right-wing Proud Boys to Trump before they stormed the U.S. Capitol to install Trump into office despite the will of the voters, Gaetz tweeted: “Standing back and standing by, Mr. President.”

--Heather Cox Richardson. May 17, 2024

[follow-up-news]

Alex Jones’ personal spending is frustrating families who are trying to collect on the $1.5 billion in judgments against him for calling the 2012 Sandy Hook elementary school shooting a hoax. The conspiracy theorist and Infowars host has been paying his own wife, Erika Wulff Jones, $15,000 a month, according to the most recent spending report he filed in his bankruptcy case — payouts called “fraudulent transfers” by lawyers for some of the shooting victims’ families. Jones says they’re required under a prenuptial agreement. In July, Jones spent $7,900 on housekeeping. He dished out more than $6,300 for meals and entertainment, not including groceries, which totaled nearly $3,400 — or roughly $850 per week. A second home, his Texas lake house, cost him nearly $6,700 that month, including maintenance and property taxes, while his vehicles and boats sapped another $5,600, including insurance, maintenance and fuel. His total personal expenses for July topped $93,000, up from nearly $75,000 in April, not including legal fees and other costs for his court cases, according to bankruptcy filings. “It is disturbing that Alex Jones continues to spend money on excessive household expenditures and his extravagant lifestyle when that money rightfully belongs to the families he spent years tormenting,” said Christopher Mattei, a Connecticut lawyer for the families. “The families are increasingly concerned and will continue to contest these matters in court.” In an Aug. 29 court filing, the lawyers for the families said that if Jones doesn’t reduce his personal expenses to a “reasonable” level, they will ask the judge to bar him from “further waste of estate assets,” appoint a trustee to oversee his spending, or dismiss the bankruptcy case.

[synoddiane]

Some things I did this March:

Beat Baldur's Gate 3 on Honor Mode

Got real into Balatro

Paid property tax

Guested on an episode of 2Rash2Unadvised

Picked up resized engagement ring

Started playing in a new weird homebrew RPG campaign

Visited the Torpedo Factory

Went to Texas to visit my partner's family

Wrote a short story for a friend

Played Personal Portraits with bash'mates

Got someone who I approve of to join the condo board; avoided rejoining it myself

Went to Artomatic twice

Made sure to be visibly trans for TDOV

Higher steps per day than last month, but just barely (7798 vs. 7773)

Read Necessity (reread), The Unraveling, The Employees, The Past is Red, OKPsyche, and We Have Always Lived in the Castle

Watched Dirty Pair: Project Eden, Street Fighter Alpha: The Animation, and some episodes of Ghost in the Shell: Standalone Complex

[melophobia2013]

[oconnor2023]

Property Tax Protection Program™:-

\You also gain access to tax tips, assistance with exemption questions, as well as alerts to any disaster notices that may allow you to qualify for reduced valuations.

If you have questions about your enrollment, please contact our property tax experts at (713) 290-9700 or (877) 482-9288.

How to Appeal Your Property Taxes:-

It’s your right to challenge the appraisal district “guesstimate of value,

You have a right to lower property taxes! State law prescribes a procedure for protesting the assessed value of your property.

Why O’Connor for Property Tax Reduction?

We protest your taxes year after year. Once you sign up with us, we will continue to fight for your tax reduction. You don’t pay unless we save you money.

Why O’Connor - Greater Protection:-

Aggressive approach to protesting during all 3 phases of the appeals process and the expertise to be successful. 1.Informal hearing. 2.Formal hearing before the Appraisal Review Board. 3.Litigation and Binding Arbitration.

[consistantly-changing]

[Image descriptions in order: a tweet by @Saychee... "SAY CHEESE! 👄🧀" Which says "K9 gets praised at Dallas Love Field Airport after catching Chicago woman with more than $100,000 in her luggage. She wasn't arrested but the money was seized." Attached is a photo of a German Shepherd sitting on a wooden desk in an office, behind it a sign which says "Dallas Love Field".

@KuntaJay "Kunta Jay ☮️✌🏿" replies "So y'all robbed her".]

[A screenshot of an article from Reason, which says "Texas law enforcement agencies additionally have a "strong incentive" to seize property, as they are entitled to a significant percentage of the proceeds. In fact, IJ is currently suing Harris County, which encompasses Houston, over its application of the state's asset forfeiture law.

Cops regularly use civil asset forfeiture to boost their own budgets while depriving innocent people of their property. Earlier this year, a Nevada Highway Patrol Officer confiscated a man's life savings during a routine traffic stop, even after admitting that it was "not illegal to carry currency." In Georgia, the state government agency charged with enforcing tax crimes misappropriated more than $5 million in seized funds between 2015 and 2020. And for years in Oklahoma, district attorneys used forfeitures like their own personal piggy banks, living for free in seized houses and paying off student loans with seized cash."]

[aficsblog]

Comprehensive Guide to Managing Property Taxes in El Paso

Simplify Your Payments With El Paso Property Tax Loans

El paso property tax loans provide a practical solution for residents and business owners facing difficulties with their property tax payments. These loans are designed to help individuals settle overdue taxes promptly, avoiding penalties and legal actions. With flexible repayment terms and straightforward approval processes, el paso property tax loans ensure taxpayers can regain control of their financial responsibilities without undue stress.

Understanding the Importance of El Paso Property Tax Management

El paso property tax obligations can become overwhelming, especially during financial hardship or unexpected expenses. Properly managing these taxes is essential to avoid penalties, interest accruals, and the risk of property liens. By staying informed and leveraging financial tools, property owners in El Paso can meet their tax obligations while protecting their valuable assets from legal complications.

Navigating Property Taxes El Paso TX

Property taxes el paso tx are a significant financial commitment for homeowners and business owners alike. These taxes fund essential local services, including schools, infrastructure, and public safety. Understanding the property tax rates, assessment processes, and payment schedules in El Paso TX is crucial for maintaining compliance and ensuring financial stability. Taxpayers should explore available resources and solutions to ease the burden of timely payments.

How to Address Property Tax El Paso Obligations

Property tax el paso can often pose challenges for individuals juggling multiple financial priorities. Addressing these obligations promptly is key to avoiding penalties and maintaining ownership rights. Flexible payment options and tailored financial plans are available to help property owners meet their responsibilities without compromising their other financial goals. Ensuring timely resolution of property tax el paso payments is essential for long-term peace of mind.

Managing El Paso TX Property Taxes Efficiently

El paso tx property taxes require careful planning and budgeting to prevent late payments and the associated penalties. Property owners should familiarize themselves with the billing cycle, payment deadlines, and appeal processes if they believe their property value has been assessed incorrectly. By staying proactive and seeking assistance when needed, taxpayers can efficiently handle their el paso tx property taxes while preserving their financial health.

Key Insights Into El Paso Texas Property Taxes

El paso texas property taxes are based on the assessed value of the property and the local tax rates. These taxes are vital for funding community services, making timely payments crucial for both personal and public interests. Property owners should review their annual tax statements carefully and consider payment assistance programs or loans if they face difficulties meeting their obligations. Properly managing el paso texas property taxes helps ensure compliance and protects property from liens or foreclosure actions.

[teamfreewill2pointo]

So I guess they really did move! I’m so curious why Connecticut. Seems like a far move with all they had going on in Texas and fbbc. Thoughts?

The article said “The buyer is a trust tied to the actor Jensen Ackles.” What does that mean?

So, there are a lot of advantages to buying and selling houses with trusts. All the rich people do it. It's not that hard to set up a trust and I recommend it.

When they sold the Colorado house, they would have had to pay high taxes. By buying, renovating, and selling properties with the trust, they make more and more money without paying the taxes that most people would have to pay. This is something that's super common for the wealthy, although many don't sell their other properties

One of the reasons I gather information from a lot of different sides of fandom and share publicly what I can share is because it's fun to compare what people predicted with what actually happened. One of my Jensen sources called out Connecticut from the beginning and knew about this property before it went public.

You can bet that I'll be paying more attention to that person's guesses for future Jensen moves.

[jennifermartinyt]

House Hacking for Wealth | #realestateinvesting #realestateinvestors #realestateinvestorlifestyle

House Hacking for Wealth | #realestateinvesting #realestateinvestors #realestateinvestorlifestyle https://www.youtube.com/watch?v=sdquTwZD1A8 Can you househack only once? How many loans can you get with 5% down? Do you need a big down payment if you buy a second home or investment property? It depends on what you plan to do with it. Reach out to me and I'll help walk you through your options. 👉 Book a Private 1 on 1 Call with ME to learn more: https://ift.tt/p5IMHoV ✅ Subscribe to The Channel Jennifer Martin- South By West Austin Real Estate for real answers in real estate, delivered with the honesty and responsiveness you deserve: https://www.youtube.com/@jenmartinrealtoratx ✅ Stay Connected With Me. 👉 Website: https://ift.tt/BpHusW0 👉 Instagram: https://ift.tt/gZRWjcy 👉 Facebook: https://ift.tt/cXE8xAI 👉 LinkedIn: https://ift.tt/CFkzwU9 👉 TikTok: https://ift.tt/VcLkqRs ✅ For Business Inquiries: jen@martinhomeland.com ============================= ✅ Recommended Playlists: 👉 For your Protection- Get a Home Inspection (or not?): https://www.youtube.com/watch?v=5lVMETmoNNY&list=PLZD2yInsRkGLW4WjNmdlULO7GaaMGQU-y&pp=iAQB 👉 Property Taxes- How to Protest: https://www.youtube.com/watch?v=6EgsRinJyeg&list=PLZD2yInsRkGLc5tj22428mDWouLBBCdmH&pp=iAQB ✅ Other Videos You Might Be Interested In Watching: 👉 Lakeway, TX Fix and Flip! https://www.youtube.com/watch?v=X8j6RGbyE0U 👉 SW Austin Luxury Home Tour $1.25 Million- Granada Hills https://www.youtube.com/watch?v=7vAhHH4qj3Q 👉 Expert Real Estate Advice for Easy Home Loans https://www.youtube.com/watch?v=b3HlCMVMaEg 👉 Foundation Inspection with the Guru! https://www.youtube.com/watch?v=VexHroyg4GU ============================= ✅ About Jennifer Martin- South By West Austin Real Estate. Real answers in Real Estate? -I'm Not Your Typical Realtor. I'm honest and candid. If you need a quick real estate brain or a strong dose of honesty, you’re in the right place. I take pride in being approachable and friendly, and the novel approach of actually giving you what you want — real answers to questions you’re probably wondering right now. Will I return your calls and emails? Yes. Without question. I get dozens of calls and emails daily, and I work hard to reply as quickly as possible. 🏆 Ranked Platinum Top 500 Realtors in Austin year after year 🏆 Ranked Texas Monthly 5-Star Professional in Customer Service 🏆 Austin Board of Realtors Rookie of the Year Nominee 🏆 Austin Business Journal Top Realtors in Austin Nominee 🏆 Ranked Platinum Top 50 Realtors in Austin Nominee For Collaboration and Business inquiries, please use the contact information below: 📩 Email: jen@martinhomeland.com 🔔 Subscribe to The Channel Jennifer Martin- South By West Austin Real Estate for real answers in real estate, delivered with the honesty and responsiveness you deserve: https://www.youtube.com/@jenmartinrealtoratx ================================= #househacking #capitalgainstaxdeferral #capitalgainstaxsolutions #whatishousehacking Disclaimer: I do not accept any liability for any loss or damage which is incurred by you acting or not acting as a result of listening to any of my publications. For all videos on my channel: This information is for general & educational purposes only. Always consult with an attorney, CPA, or financial professional for advice based on your specific situation. Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use © Jennifer Martin- South By West Austin Real Estate. via Living in Austin- with Kids! https://www.youtube.com/channel/UC6qyI413G9IaSi0o_MmTQJw November 11, 2024 at 06:00AM

[dankusner]

Spouse's death leads to complexity

Ignore the legal consequences at your peril

Read about what happens legally when your spouse dies.

You have certain rights, such as a homestead right, as a surviving spouse.

These are…

You have certain rights, such as a homestead right, as a surviving spouse.

These are provided by either the Texas Constitution or by statute.

Are you married and residing with your spouse in the great state of Texas?

Then we will launch right into a discussion of what happens legally when your spouse dies.

Your marriage terminates.

Your community property ceases to exist because only spouses can own community property.

Death works a division of the community property assets.

You retain your half of the community assets.

Your spouse’s half-interest in the community assets passes to your spouse’s heirs or devisees.

Note:

It may not be you.

Your spouse’s separate property becomes part of your spouse’s estate.

Your mutual obligation to support each other ends.

You do not have a legal duty to bury your deceased spouse.

Your spouse’s community interest in your state employee’s retirement plan, if you have one, terminates.

You remain personally liable for your debts.

Your spouse’s estate is liable for your spouse’s debts, although a creditor must jump through hoops to recover on the debt.

Those debts are considered a statutory lien on your spouse’s estate.

You need to divide your spouse’s assets into two categories: probate and nonprobate.

An asset is nonprobate if your spouse entered into – please forgive the Latin – an inter vivos transaction.

That means your spouse either made a contract, gifted a future interest, executed a document such as a Transfer on Death Deed, or gave a survivorship right in co-owned assets that transferred owner-ship at death.

A small side note:

If your spouse transferred a community asset that ostensibly included your interest, then you may be looking at a fraud on the community lawsuit.

An asset is a probate asset if it is not subject to an inter vivos or nonprobate agreement.

A probate asset passes at your spouse’s death to your spouse’s heirs or devisees.

Your spouse’s probate assets make up your spouse’s probate estate.

Those assets pass subject to your deceased spouse’s debt.

Sound complicated?

That’s because it is, but let’s continue anyway.

You have certain additional rights as a surviving spouse.

These are provided by either the Texas Constitution or by statute.

You have a homestead right.

Even if your spouse owned your home as a separate property and left it to someone else, you have an exclusive right to occupy the homestead as long as you elect to occupy it as your home.

You have a duty, while you are exercising your homestead right, not to commit waste and to pay utilities, property taxes, mortgage interest and ordinary maintenance and repairs.

If there is not a homestead, then you have the right to an allowance from your spouse’s estate in lieu of a homestead.

You have a right to a family allowance for one year’s maintenance, provided you do not have sufficient separate estate.

The amount of the allowance is set by the probate court.

Another small side note:

If you and your spouse had a marital or premarital agreement, then you may have waived those rights.

What if a probate estate is not opened for your deceased spouse?

You still have the authority, as a surviving spouse, to take some interesting actions regarding the community property.

You can sue to recover it, sell or otherwise dispose of it to pay debts out of the community estate, and collect claims owing to the community estate.

And you can get paid a commission for your troubles.

What you cannot do when your spouse dies is close your eyes and hope that everything will turn out fine.

It won’t.

[oconnor2023]

Did you know that Texas Appraisal Districts commit 3 major mistakes in valuing your BPP?

Get a Free copy of Pat O’Connor’s latest book “What You Need To Know About Personal Property valuation”. It provides detailed explanations of the above 3 issues. Read more @ https://www.poconnor.com/business-and-personal-property-tax/