Why in the world would you want to disclaim your inheritance in Texas? Actually, there are many reasons. There may be tax reasons. The property my be more trouble than it is worth. You want to disclaim so your heirs will inherit the property. Whatever your reasons for disclaiming your inheritance in Texas, once filed, a disclaimer is irrevocable and applies to all future interest in the property.
What happens to the property that you disclaim? (more…)