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No you can't get a loan using the estate as collateral. That is because you have no ownership.

Usually it is a bad idea to spend money ahead of actually having it in the bank.

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13y ago

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Related Questions

In Texas does an heir need an attorney to file a request with the probate court for a review of the executrix's accounting of the estate?

No, but the action is not necessary as auditing the estate is one of the procedures done within the probate court.


How do you transfer a deed when a parent dies without a will in Texas?

You open an estate with the probate court. The executor of the estate can issue the deed to those who inherit.


Is there a time limit for a credit card company to file a claim against an estate in Texas once a public notice has been posted?

A public notice does not, under Texas statutes suffice as adequate notification to creditors. They are to be notified by the executor within four months of the probate filing they then have six months to file a claim against the deceased's estate.


How long does an Executor have to probate a will in Texas?

There is no specific time frame in Texas. The estate has to be inventoried and appraised, the debts collected, taxes paid and the terms of the will meet.


What is the probate law in Texas?

Probate in Texas is governed by the Texas Estates Code, which outlines the process by which a deceased person's assets are distributed and debts are settled. It typically involves verifying the validity of a will, appointing an executor or administrator, inventorying the estate, paying debts, and distributing assets to beneficiaries. Texas offers several simplified probate processes for small estates to expedite the process.


In Texas if your husband dies and has a car in his name only are you liable for the bill?

The estate is generally liable for all bills and expenses (not you). Hire a probate attorney to help sort this out. The estate will need an executor.


How do you get a deed to real property if the owner passed away in Texas?

The estate must be probated when the decedent owned real property. You should contact an attorney who specializes in probate law.The estate must be probated when the decedent owned real property. You should contact an attorney who specializes in probate law.The estate must be probated when the decedent owned real property. You should contact an attorney who specializes in probate law.The estate must be probated when the decedent owned real property. You should contact an attorney who specializes in probate law.


Can a person live rent free on property in probate in the state of Texas?

It will depend on the situation and the assets of the estate. If there are no other heirs, there is usually not going to be a problem.


What is the legal succession of next of kin in Texas?

The legal succession of next of kin in Texas is the kin that is closest as related by blood. Next of kin becomes the heirs of an estate when there is no will or a will that is contested in probate court.


What is the inheritance tax in Texas?

The State of Texas does not have an inheritance or an estate tax. Only 11 states do have one in place. It is still a good idea to consult a probate attorney to minimize federal taxes.


What are Texas inheritance tax rates?

Texas does not have an inheritance or an estate tax. Only 11 states do have one in place. It is still a good idea to consult a probate attorney to minimize federal taxes.


Can you apply for partial probate to receive the insurance money?

I'm not sure what you mean by "partial probate," but in Texas there are proceedings that involve less than opening an administration that could work. Among them, a small estate affidavit or order of no administration.