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Can you live on an estate still under construction?
No. Generally you need to obtain a certificate of occupancy in order to live in any dwelling. You need to check your local laws.
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Can you sell your interest in a house that is lived in by a person covered under a life estate?
Answer I bet you can, as long as the buyer understands that "your interest" includes the honoring of the life estate. You can sell what's yours, and not what isn…'t, obviously.
What does under contract mean in real estate?
In real estate, the phrase "Under Contract" means that a buyer and a seller are in the process of completing the sale. Usually the buyer has put down some portion of the… purchase price (varies by state, property type, seller comfort, etc.) into an escrow account as "good faith" that they will be able to get financing and close the deal. Generally, the seller cannot accept any new offers while the property is under contract.
When real estate under an estate for years is sold what happens to the lease?
lease is subject to termination with proper notice
How do you handle a separation with children involved while still living under the same roof?
You be civil and honest with one another. If there are issues to be discussed that don't involve the children you speak privately, no yelling. The ones that do involve them di…rectly, about school and activities, then you sit as a family and decide. Everyone should feel they have a voice. Depending on the childrens ages, no need to put adult pressure on them. I know first hand it can work, I separated and divorced my ex and lived together for 6 years, our son now at 13 tells us how much that has made him see that not all parents fight and argue. We went about are business of running a house, paying bills fairly, taking on children duties fairly and being sure to have family time together still. We actually focused so much on that that we didnt even date outside the relationship and got remarried, 3 years ago, it made us stronger. Now not every couple will remarry but you just don't have to argue and be nasty, the only thing that really should change after you separate or divorce is your living arrangements, the part of bringing up the kids together is the first order of business and being civil to each other through it all makes for a easier transition for all. The two of you may move on with your lives, privately, but that can work too, the kids will see how strong and determined the two of you are and were to keep the family together and thank you forever.
What are the consequences of selling your mothers house which is becoming a financial burden as deeded owners with a life estate in place while she is still living but in a nursing home and you are th?
Answer Do you have Power of Attorney for her? If not, consult a real estate attorney. Something can be worked out.
Difference between real estate and construction company?
To my mind, a real estate company is the company which undertakes development of land and marketing rights. The construction company is actually executing the project. Some of… the real estate companies may undertake construction on their own without outsourcing the same and hence, this is a wider connotation. On the underhand, a construction company need not restrict to real estate construction alone and can foray into roads, ports and other infrastructure projects. If anyone has a better definition, please share.
Is it executor under the Will or Executor of the Estate?
Not all wills name an executor. If an executor is named in the will they must submit the will to probate for allowance and petition for appointment as the executor. In that ca…se they will be both the executor under the will and the executor of the estate once appointed. In some cases, the named executor has died. In that case the court must appoint another person to act as executor. In some cases the executor named in the will declines the appointment. In that case the court will appoint an alternate. Either of these executors can be referred to as executors under the will and they are both executors of the estate. It may simply be a matter of style. Some may acknowledge a distinction that a person who is executor under the will has not been officially appointed by the court and the executor of the estate has been appointed by the court and Letters Testamentary have been issued making the appointment official.
What constitutes a deceased spouses estate when the other spouse is still living?
Answer Any asset which has his signature on it. The house, the car, any large item that he purchased (with or without you) is part of his estate. Answer … State probate laws determine what is exempt and what is not when it pertains to any estate. If the married couple lived in a community property state all property acquired during the marriage is equally owned regardless of title wording. If the married couple did not reside in a CP state probate laws take precedence with the default laws applying if the person died intestate.
Is the mackinaw bridge under construction?
here is all you need to know about the status of the bridge. http://www.mackinacbridge.org/
How do you interpret a bridge under construction in your dream?
In dreams, bridges represent solutions to problems or the means of moving forward past difficulties. In this dream, the solution to the problem is in the process of forming.
Answered
In Estates
What is a living estate?
Although we tend to think of an estate as being all the property owned by a person at the time of their death, a living estate is all the property owned by a living person. … If you are thinking of a life estate see related question link.
Answered
If you live in one state and own real estate in another state which state's exemption laws will your real estate fall under?
Answer The state of where the person resides. The homestead exemption only applies to the person(s) primary residence. Therefore property held in another st…ate would not be deemed as exempt from creditor attachment or forced sale for payment of debt(s).
Answered
In Probate
My uncle has died and his house is part of the estate under probate. can we rent it out when it is still under probate?
Yes, the executor of the estate may do what they can to insure the value of the estate doesn't lose value. But the estate will need to file a tax return for the rental income.…
Answered
In Estates
What happens if the house burns down and you live there under the life estate law?
The fire would not affect the life estate which is a right to the real property. However, whether the property will be habitable again depends on whether the dwelling was insu…red. If it is rebuilt the life tenant has the right to occupy for the duration of their natural life. Responsibilities regarding insurance may be governed by state law and by any life estate agreement. You should consult with an attorney who can review your situation. The fire would not affect the life estate which is a right to the real property. However, whether the property will be habitable again depends on whether the dwelling was insured. If it is rebuilt the life tenant has the right to occupy for the duration of their natural life. Responsibilities regarding insurance may be governed by state law and by any life estate agreement. You should consult with an attorney who can review your situation. The fire would not affect the life estate which is a right to the real property. However, whether the property will be habitable again depends on whether the dwelling was insured. If it is rebuilt the life tenant has the right to occupy for the duration of their natural life. Responsibilities regarding insurance may be governed by state law and by any life estate agreement. You should consult with an attorney who can review your situation. The fire would not affect the life estate which is a right to the real property. However, whether the property will be habitable again depends on whether the dwelling was insured. If it is rebuilt the life tenant has the right to occupy for the duration of their natural life. Responsibilities regarding insurance may be governed by state law and by any life estate agreement. You should consult with an attorney who can review your situation.
Answered
In Technology
What does the under construction sign mean on websites?
When there is an under construction sign on a website it means they are doing work on the website coding that prevents the webpage from being displayed properly. Rather than d…isplay an incomplete website they place the sign up instead.