Partition Lawsuits With Heirs, 300-Year Dynasty Trusts & Family Limited Partnerships
This week on the Weekly Docket, join Phil and Chris as they address complex real estate disputes and sophisticated estate planning strategies under Texas law. They first dissect partition lawsuits initiated by investor companies acquiring fractional interests in family-owned land, explaining procedural steps, receiver-driven fair market valuations, and co-tenant buyout rights under the Texas Uniform Partition of Heirs’ Property Act (Texas Property Code Chapter 23A). Then they shifts focus to high-net-worth estate planning, exploring how Texas Property Code § 112.036 allows Texas Dynasty Trusts to endure for up to 300 years to preserve multi-generational wealth. They detail custom distribution parameters, trust protector governance models, and the strategic deployment of Family Limited Partnerships (FLPs) to secure general partner control, leverage 20% to 40% valuation discounts for gift tax efficiency, and enforce charging order protections against prospective creditors. ⏰ Timestamps 00:00 Intro 4:44 A Corporate Investor Bought an Heir's Share: Now What? 6:32 How Texas Property Code 23A Protects Inherited Family Land 9:04 Can You Evict an Heir Living in an Inherited House? 13:46 Inside the 300-Year Texas Dynasty Trust 20:05 How Family Limited Partnerships (FLPs) Work for Estate Planning #PartitionLawsuit #DynastyTrust #FamilyLimitedPartnership #TexasPropertyCode #EstatePlanningTexas #UniformPartitionAct #CoTenantBuyout






