Assignment Of Contract Real Estate Without Probate
Description
How to fill out Assignment Of Real Estate Sales Contract By Purchaser?
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FAQ
Ordinarily the death of either party to a contract does not extinguish it, unless it is of a personal character and not susceptible of performance by the personal representative of such party.
A contract can be enforced against a deceased's estate. It is still a valid agreement even if the other party has died, provided they did not need to be alive to perform the contract (for example, an employment agreement). In most cases you will have remedies under the contract and general law.
A contract can be enforced against a deceased's estate. It is still a valid agreement even if the other party has died, provided they did not need to be alive to perform the contract (for example, an employment agreement). In most cases you will have remedies under the contract and general law.
A Transfer on Death (TOD) is a legal document that can transfer your home without a will. This means that your home will not have to go through the probate court. Going through the probate court can cost your loved ones time and money after you are gone.
Assignment of a real estate contract is looked upon with suspicion by lots of folks. While it is not legal in all states, under Texas law, contracts are assignable unless there is a specific clause in the contract that prohibits it.
