Frequently Asked Questions > Alternatives to Guardianships > My child inherited an undivided interest in real property. Do I have to set up a guardianship to sell it?
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Maybe not. If the child's interest in the real property is worth less than $100,000 and if the other co-owners agree, Texas law has a procedure for getting court approval of the sale of the property and for placing the child's share of the proceeds in an interest-bearing account by the county clerk, where the money is held until the child turns 18. Your lawyer can tell you if this procedure is available in your case.
Last updated on January 6, 2011 by Glenn Karisch
