What happens when the interest owner of a property passes away?
Once Texon is notified, the deceased owner’s revenue will be held in suspense until the proper heirs can be determined. IF THE DECEDENT DIED TESTATE (WITH A WILL) AND THE WILL IS BEING PROBATED • Death Certificate; • Letters Testamentary; • Will; • Order Admitting the Will to Probate (or its equivalent depending upon the State in which the proceedings were conducted); • Order Closing the Estate (or its equivalent depending upon the State in which the proceedings were conducted); • If probate proceedings were conducted in a state other than where the property is located, we will be willing to accept, for the limited purpose only of issuing our amended division orders, a copy of these proceedings displaying the volume and page number of their recording in the county(ies) in which the property is located. To comply fully with the various state statues, it is strongly suggested that you consult an attorney familiar with the laws of the state in which the property is located to open ancilla
