The most valuable asset that many own is their home. However, sometimes creditors sue to collect debts such as credit card bills, medical bills, personal loans, etc. Bankruptcy can protect your homestead from unsecured creditors – especially if you choose a Texas bankruptcy exemption. Although...
Under Texas law, a surviving spouse has a life estate in the homestead of their deceased souse (see our article entitled “Surviving Spouse Homestead Rights – I Never Want to Fall in Love Again” by clicking here). A life estate gives the surviving spouse the right...
Maya Holmes, a widow, decides to marry her new beau, I.M. Bitterman. Maya has two adult children from her first marriage, Iwanna Eura Holmes and Lo Theng Husbands. Maya owns a homestead as her sole and separate property that she had purchased with her late...
