In Texas, can an 80 yr. old couple purchase property and qualify for the Texas Real Estate Tax law (after age 65) if their 55 yr. old child is listed as a co-owner?
Asked on 6/18/13, 9:32 am
1 Answer from Attorneys
Arthur Geffen
Arthur H. Geffen, P.C.
If your question relates to the homestead exemption and the ability to pay property taxes in installments, you have a problem. The fact that a child who is not living at the premises is listed as a co owner causes problems. You should consider leaving the property to him through your will.
Answered on 6/18/13, 9:36 am
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