Living Wills vs. Medical POAs, Texas Affidavit of Heirship 5-Year Rule & How Texas Rollback Taxes Work

Join Phil Silberman and Chris Heald for Episode 133 of the ‘Weekly Docket’ as they break down essential Texas real estate, estate planning, and tax laws. They explore the key differences between a Living Will—also known as a Physician’s Directive—and a Medical Power of Attorney, and whether you actually need both to protect your healthcare decisions. Next, the guys answer critical real estate and probate questions regarding Affidavits of Heirship, including the 5-Year Rule under Texas Estates Code § 203.001 and title company underwriter requirements when selling inherited property. Finally, unpack how Texas rollback taxes work when agricultural land changes use, including the 3-year tax recalculation, whether the buyer or seller pays, and a notable homestead exemption. Don’t miss this episode packed with practical legal insights and Texas law guidance! ⏰  Timestamps00:00 Intro2:52  Living Will vs. Medical POA Explained10:03 Inherited Texas Property? Watch Out for the 5-Year Heirship Rule!14:11  Buying Ag Land in Texas? Watch Out for Surprise Rollback Taxes!#TexasLaw #EstatePlanning #LivingWill #MedicalPOA #LegalTips #TexasRealEstate #AffidavitOfHeirship #InheritedProperty #RealEstateLaw #RollbackTaxes #AgExemption #PropertyTaxes