Estates
Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.
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The mother can apply to the probate court to be the executor. In this case the parents are entitled to the estate. There is...
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Yes. Perhaps it helps to consider the estate of a deceased person is essentially the legal way to keep him alive until his...
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AnswerMy father died when I was seven. Iwas left things also, but i didnt receive anything until I was older and married. I am...
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Depends upon what the will says, how old the child is and what the laws of the state say. Without a will, the estate is...
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The remaining executor takes over, or the court will appoint a new one. No will shall fail because of the lack of a named...
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If there is a will, that will determine the distribution of assets. If there is no will, the current husband will get his...
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A legal guardian must be an adult. You can name him with the caveat that he be of legal age and if not, xxx shall be the...
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A life estate can make it hard to sell property. There is the German who bought a rent controlled apartment from an old lady...
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If there are any debts associated with the deceased, or they own any real property, it is to the benefit of the family to go...
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Answerit sounds to me like who ever asked this question may have killed someone and is curious how long it will take before they...
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Your mother's estate is responsible for paying her debts. Her debts must be paid before any property can be distributed to her...
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It means you are "basically" your father in the sense that you are finishing up paying your bills, arranging your funeral etc....
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Absolutely not. For one, he is still married. Let's just pretend that he would divorce his current wife. He might have STD's...
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Unless he was the sole benificiary of the will, yes. He could be prosecuted for theft.
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The executor of a will is the person responsible for making sure the desires of the will are carried out. They are responsible...
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You need to open an estate. This can be done at the court house. There will be a set of forms that need to be filled out. If all...
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No, the estate is responsible for the mortgage. This sounds like a case for getting the estate set up and get the house sold as...
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In many states, a copy of the will or the original can be recorded or stored in the probate court where the testator lives. If...
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Correct me if I am wrong but I think the answer is One piece will measure 22 inches The other should measure 14 inches As 2 x...
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So if I follow you: the deed was to your father and mother, mother is no longer married to father, new mother is not on the deed,...
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As I am a layman, not an attorney, nor in the legal profession, this will be a layman's answer, until improved by a...
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A trust is created for a beneficiary or organization. The funds for such are already deposited into a special account before the...
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The standard of intestate succession would say that the daughter would inherit the estate unless the will says otherwise....
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The man's cupidity for material possessions was unparalleled. His cupidity led him to problems and in the end resulted in a...
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That is a good question because every country has there own laws regarding pornography. Something that's deemed illegal in...
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During decimalisation, the value of the pound did not change, only they way it was divided up. A pound coin would be worth the...
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The house has to be put up for sale and the profit will be divided between the children. You may also let the bank repossess the...
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Not being an attorney or real estate expert, this answer will have to be generic in nature, until a pro can improve it. I think...
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Two items or more finishing , ending at the same time.
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The only thing that you can do to disown children is to have them written out of your will there is no parent child divorce...
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It is a part of the estate.
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Jacqueline Kennedy Onassis lived on the western end of the island of Martha's Vineyard in an area known as Gay Head. Her estate...
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options are basically a contract written by someone who sells it to a buyer which authorizes the buyer to sell some underlying...
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A power of attorney expires upon the death of the principal. You cannot use it to sell your mother' car because it is void. You...
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Yes. The POA expired at the moment your mother died. Your sister has no power over your mother's assets. You need to petition the...
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A life estate is extinguished by obtaining a written release from the life tenant and recording it in the land records, or, by...
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The parent should definitely ask for a periodic accounting or if they are incapacitated, the family should ask for a periodic...
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It does depend on your Relationship Status and Value of the property to accurately definte the percentage of Inheritance Tax, but...
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AnswerNot unless they are legally entitled to it. Chances are that they are going to get some of it. If he died without a will,...
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I believe so. The life estate simply governs the ownership of the property. In other words, you can't sell it and the previous...
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Many Executors(male) Executrix (female) don't realize that they should give a copy of the Will to all Heirs in that Will. If it...
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Yes.
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No. They are separate. Beneficiaries are those who are entitled to an inheritance. The Executor carries out the will. A...
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They report the cancellation of a debt. That becomes income to the one who benefited. The cancellation or write off, is really...
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He will be required to pay tax on a fair market value if it is a gift. Another option might be to "sell" it to him for a...
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Perhaps, it depends upon the terms of an existing Will and the exemption status as designated under the state's probate laws.
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No,surviving family members would have no legal claim to such property if the transferring of title was made while the owner was...
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Absolutely, by means of a life estate or other legal instrument.
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Absolutely NOT! Unless he would like an extended visit to a state prison. If the POA grantor is competent and wishes to...
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No, the state does not get a share of the property, other than any state levied Estate Tax.
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5 Calendar Days from the day it was Served.
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Certainly, no reason why he couldn't be. He could be named in the will, or he could petition the court to serve as administrator.
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It will be distributed according to intestacy laws of Virginia. If the wife is the mother of the children, she will inherit the...
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You should find the sales receipt. It might state on there what will happen. Regardless, payments need to be made and you...
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The same rights, unless a will states a differently. In any US state it depends upon whether the person died intestate...
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There are a few other facts needed to help you determine how to proceed. Is there a mortgage on the home? If so, contact...
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It will depend on the wording of the deed. It could be that each woman owns half of the house if there are 'rights of...
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The issue of her being the executrix is not relevant in regards to the property ownership. Real property titled as Joint...
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The adopted child has the same rights as the biogical children, if there is no will. If there is a will, the court will insure...
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There are a number of variables. Is the person married? Are their children? Are their prior marriages and children from them? How...
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Probate court handles the items of the will to be sure it is honored. If the person has set up trusts, or has gifted the money in...
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It would be distributed according to the state's probate laws.
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yes
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Certainly, but the wording is very important in order for things to happen as you wish upon your passing. If you think that there...
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The very short answer is that most estates will go to the surviing spouse and children. The portion of the estate may be...
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T U/A means trust under agreement.
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There are different POA's and the extent to which they may be used are regulated by the laws of the state in which the POA is...
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I think this woman is taking full advantage of you and although most of the Estate would usually go to the wife when the husband...
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yes
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A testator's gift by will to a person who is not living at the time the testator died is usually void, and so it doesn't matter...
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Bring a lawsuit against the cousin, forcing the cousin to show what was done. Perhaps your cousin did not share money equally...
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Ask him for an itemized accounting of everything that was found in the box and where it went. Also ask him to produce bank...
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The answer may hinge on the on the kind of insurance involved. For example, if you are speaking of auto insurance, you could...
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You should check with a probate attorney in Florida, but the intestate laws say that you are entitled to one half and his son...
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no, a neighbor can't plant over a property line, if he or she goes over the line it isn't there property to plant on.
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The executors role is to insure that the property is sold for a fair market value and the proceeds properly distributed according...
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Real property is a part of the estate in every state. It is usually the biggest asset the estate has. However, depending on...
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Do you have the option of letting it revert to the person or entity who will own it when the life estate would end?
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AnswerThis antiquated form of inheritance has been done away with in virtually every country in the world. In a way, no one dies...
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It will depend on the laws in the specific state. Some will allow it, others will not. Some feel that if they granted to estate,...
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What gives you the impression that any state takes money if there is no will? As long as there are individuals that can inherit,...
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I am a trusts and estates attorney in New York. You are correct that you must file a gift tax return when conveying a deed to a...
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I am not an attorney, but having done some research re: my mother's assets, I can say that if the property is given in a will,...
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No. You don't have to pay taxes on ANYTHING left to you. It's a gift, and the person (or estate) leaving it to you would have to...
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You need to open an estate. This can be done at the court house and most of them can give you a complete set of the forms that...
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A great resource for finding individual U.S. State probate forms can be found at http://www.uslegalforms.com/probate/
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I think that would be paid out of the estate and not by the child.
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A will that transfers real property must be probated in order for title to the real estate to pass to the beneficiary legally....
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AnswerYour parents and children are next of kin, when used as a common phrase by the English language.Typically, the term next of...
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She died at the age of 28 in 1962. This tragic encouraged Lois Lowry to write her first book Summer to die. Book Summer to die is...
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No, it would generally be the estate that would have to settle the debts of the recently deceased. However, if the adult children...
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I feel the executor has full power over the heirs! Implead into the probate proceedings started up by the executor and question...
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That depends on the tenancy recited on the deed to your mother, brother and girlfriend. If they are joint tenants, your mother's...
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Letters testamentary are issued by a probate court to the executor or administrator of the estate of a deceased person, and...
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Wealth Management is the financial services offered by banks and financial planner (often smaller outfit) to provide advice and...
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