Legal Question in Real Estate Law in Texas
Partnership in Real Estate
we are 50% in R/E with brother in law. We want him to promise to pay our 2 sons our 50% if something should happen to both my husband and I. Can we just put that in writing and have my Brother in Law sign that he promises to do this?
Asked on 9/15/07, 12:08 am
2 Answers from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Partnership in Real Estate
The safer way to do this is with a survivorship deed. Make sure it meet the statutory requirements.
Answered on 9/15/07, 4:55 am
rajeshwar sharma
rajeshwarnathsharma
Re: Partnership in Real Estate
Amend the the existing partnership with new and to add this clause. Consult the lawyer
Answered on 9/15/07, 10:26 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
