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5 Things I Learned About Affidavit of Heirship and Probate

By
Real Estate Broker/Owner with 3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. #9001154

We had “School on the Square” this afternoon for our monthly continuing education offered by Hexter Fair Title Company here in Frisco TX as well as other committed sponsors. The topic today was “Affidavit of Heirship and Power of Attorneys”. It was presented by Richard Worsham of Title Resources Guaranty.

Here’s what I learned about Probates and Affidavit of Heirship in the 1-hour of MCE:

  1. Don’t die.
  2. Don’t get old.
  3. Don’t be disabled or incapacitated.
  4. Don’t have children outside marriage.
  5. September 1 1993 (before or after) and pie charts.

It’s certainly not an easy topic to understand in an hour. But as listing agents, it is important to understand the basic understanding and differences between Affidavit of Heirship and Probate to know where to point sellers to.

Here in Frisco TX, we are a bunch of lucky Realtors® who get great support and resource for education. I’m glad I attended this short 1-hour MCE. By no means am I claiming I’m an expert but I would certainly be more aware of the complexities of sellers when one passes on with real property in their ownership.


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Content & Photography Copyright © 2012 by Loreena Yeo (3:16 team REALTY)
This article was originally posted at:
Affidavit of Heirship and Probate

Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Loreena, little snippets in this sphere of knowledge is important to get...every time i do a probate sale, i learn more...

Apr 05, 2012 09:09 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Loreena, You are a good agent and always take time to learn new things that will help your clients.

Apr 05, 2012 09:15 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Knowledge is very important;  so as experience and application. It's always good to improve ourselves in any way/form. May it be through attending workshops, seminars, conferences, etc. Even by just reading a book or the news paper or conducting a research. That's good to know that you have learned something new, Loreena. I'm sure the knowledge you've gained will come in handy really soon. Thanks for sharing. 

Apr 06, 2012 08:03 AM
Angie Nwanodi
Evergreen Realty & Associates, Inc. - Rancho Cucamonga, CA
The ACG Group, Realtors®|Standard, Short, HUD, REO

LOL.  Thanks for the share.  So far, I've got the boxes checked on 1-4.  5, I need some elaboration to decide if I'm good or not ; )  Sounds like an informative afternoon.

Apr 06, 2012 04:51 PM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

Loreena, my very first transaction involved and heirship affidavit as well as having to get a new POA for the seller after his wife passed away.  It was definitely a good learning experience and now that it's over I'm grateful for the experience.

Apr 06, 2012 10:31 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Being prepared for the transfer of property makes those who are left behind grateful for the plan you created.

Apr 07, 2012 08:09 PM
Brenda Mullen
RE/MAX Associates - San Antonio, TX
Your San Antonio TX Real Estate Agent!!

Wow Loreena, sounds like a class I need to take.  I haven't ventured into an estate sale so don't have a clue...but at least directing them to a good place would be great to know :)!

Apr 08, 2012 06:29 AM
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

Loreena,  If you know enough of the basics so that a red flag raises when you hear it, you can always refer back later.  Sounds like a lot to absorb in an hour is right.  Happy Easter!

Apr 08, 2012 10:39 AM