answersLogoWhite

0

💰

Estates

Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.

500 Questions

Is the oldest child normally executor of estate?

User Avatar

Asked by Wiki User

No, the oldest child is not automatically designated as the executor of an estate. The executor is typically chosen by the individual in their will or appointed by the court based on state laws. It is important to select an executor who is capable of handling the responsibilities involved.

Mother is 86 years old. Can she leave a life estate to me in her will with the remaining brothers and sisters to inherit the estate after my death?

User Avatar

Asked by Wiki User

A life estate gives you the right to use a property during your lifetime, with ownership passing to someone else upon your death. Your mother can leave you a life estate in her will, but the property would ultimately pass to the remaining siblings upon your death as per her wishes. However, she should consult with a legal professional to ensure this is properly documented and implemented in accordance with relevant laws.

Can an elderly person regain control over his life if a relative is abusing power of attorney?

User Avatar

Asked by Wiki User

Yes, an elderly person can regain control over their life if a relative is abusing power of attorney by seeking legal help. They can revoke the power of attorney, report the abuse to authorities, and seek protection through legal means such as obtaining a protective order or guardianship. It's important to act swiftly and decisively to protect the elderly person's rights and well-being.

Can a personal representative set up a trust fund for a beneficiary age 21?

User Avatar

Asked by Wiki User

Yes, a personal representative can set up a trust fund for a beneficiary who is 21 years old. The personal representative would need to follow the legal requirements for creating a trust and ensure that the trust is structured in a way that aligns with the beneficiary's best interests and any specific instructions or goals outlined in the deceased person's estate plan.

Is ameri-estate legal plan a danger to seniors?

User Avatar

Asked by Wiki User

The Ameri-Estate Legal Plan is not inherently a danger to seniors, but it is important for seniors to carefully review the terms and conditions of any legal plan before signing up. Some legal plans may have hidden fees or limitations that could potentially pose risks to seniors. It is advisable for seniors to seek advice from a trusted legal professional before committing to any legal plan.

How can one determine the age of a deceased person by looking at the skeleton?

User Avatar

Asked by Wiki User

One can determine the age of a deceased person by examining the growth plates in long bones, such as the femur, which close as a person reaches adulthood. Additionally, dental development and wear patterns can provide insight into age, as well as changes in the pubic symphysis and cranial sutures. Advanced techniques like DNA analysis can also be used for age estimation.

Can a senile person be a trustee?

User Avatar

Asked by Wiki User

It may not be advisable for a senile person to serve as a trustee because they may lack the mental capacity to effectively manage trust assets and make sound decisions. Trustees have fiduciary duties to act in the best interests of the trust beneficiaries, and a person with diminished mental capacity may not be able to fulfill these responsibilities.

In Florida what are the rights of adult children when parent remarries and then dies and parent at the age of 80 plus made many accounts joint with 2nd spouse who survives him?

User Avatar

Asked by Wiki User

In Florida, adult children do not have automatic rights to the joint accounts made with the parent's second spouse. If the accounts were set up as joint accounts with rights of survivorship, they would pass directly to the surviving joint owner. The adult children may have a claim if they can prove that the joint accounts were not intended to be gifts to the second spouse, but this can be legally complex and challenging to prove. Consulting with a probate attorney in Florida would be advisable in this situation.

My mother who is 99years old and has to pay her own care home fees although I went to a solicitor in May I am still waiting for power of attorneycan I sell her house without this to pay her fees?

User Avatar

Asked by Wiki User

Without power of attorney, you may not have the legal authority to sell your mother's house on her behalf. You should follow up with the solicitor to expedite the power of attorney process to ensure that you can handle her financial affairs legally. In the meantime, explore other options for funding her care home fees that do not involve selling her house.

Who is next of kin of deceased aged 62 when their mother is 92 and has children aged over 21?

User Avatar

Asked by Wiki User

The next of kin of a deceased person aged 62 when their mother is 92 would typically be their own children, if they have any. If the deceased has no children or if they have predeceased them, then it would likely be their siblings, nieces or nephews, or other close relatives. Ultimately, the designation of next of kin can vary depending on the specific circumstances and legal regulations in the jurisdiction.

Is there any recourse for your father after your aunt has your 99 year old grandmother sign over her estate?

User Avatar

Asked by Wiki User

Yes, legal options such as challenging the validity of the transfer or claiming undue influence may be pursued. It's important to consult with an attorney specializing in estate law to explore potential avenues for recourse.

Can a person that's senile make a will?

User Avatar

Asked by Wiki User

It depends on the individual circumstances. If they still have periods of lucidity and can understand the consequences of creating a will, it may be possible. However, if their mental capacity is significantly impaired, it could raise questions about the validity of the will. It's important to consult with legal professionals to ensure the will is created properly.

Who is next of kin oldest or youngest child?

User Avatar

Asked by Wiki User

The next of kin can be any adult family member designated by an individual as their emergency contact or decision-maker in case of incapacity or death. It is not necessarily based on age or birth order among children.

Who is responsible for a person of age of majority's medical bills in Wisconsin?

User Avatar

Asked by Wiki User

In Wisconsin, individuals of the age of majority (18 years old) are responsible for their own medical bills. They are legally considered adults and are expected to manage their own healthcare expenses.

Do you have to pay inheritance tax if it was passed from your grandparents to you?

User Avatar

Asked by Wiki User

Inheritance tax laws vary by country and state. In some jurisdictions, there may be exemptions or lower tax rates for inheritances passed down from grandparents to grandchildren. It's best to consult with a tax professional to determine the specific implications in your situation.

You are the trustee of your mothers age 90 RLT In the trust your mother indicates that her house is to be sold and the assets divided among her 14 children As a trustee are you forced to sell the hous?

User Avatar

Asked by Wiki User

As the trustee, your primary duty is to follow the instructions laid out in the trust document. If the trust specifies that the house is to be sold and the proceeds divided among the children, you are obligated to carry out this directive, unless there are extenuating circumstances or legal challenges that prevent you from doing so. It is essential to consult with a legal professional to ensure you are following the trust's terms correctly.

I just found out my grandfather's estate was 4 million dollars I am one of 3 grandsons and father is the only other heir How do I go about finding the will to see if I am a beneficiary?

User Avatar

Asked by Wiki User

You can start by contacting the executor of your grandfather's estate or a probate attorney. They can guide you on how to locate and review the will. You may also check with the probate court in the county where your grandfather lived to see if the will has been filed for probate.

If my grandmas house is to be divided 9 ways when my stepgrandfather either sells the house or passes away until then he can remain in the house is pssible for me to get an advance for my part?

User Avatar

Asked by Wiki User

Yes, it may be possible for you to get an advance on your part of the inheritance. You would need to consult with a lawyer to determine the legal process and agreements involved in receiving an advance on your share of the inheritance.

Your grandmother is deceased how do you transfer the house into your name?

User Avatar

Asked by Wiki User

You may need to consult with a probate lawyer to file the appropriate paperwork to transfer the property into your name. This process typically involves obtaining a legal document such as a deed or title to officially transfer ownership. It's important to follow the legal requirements in your area to ensure a smooth transfer of the property.

If one inherits land from their grandfather then they pass away does that land go to her spouse or children?

User Avatar

Asked by Wiki User

It depends on factors such as the individual's will, state laws, and whether the land was held jointly. If there is no will specifying how the land should be distributed, it will likely pass to the individual's spouse or children according to the laws of intestacy in the relevant jurisdiction.

If a person has to go into a subsidized nursing home and has just gifted all of their savings to the children can the home get that money?

User Avatar

Asked by Wiki User

Yes, the nursing home can potentially seek reimbursement for the gifted funds from the children through legal means. These funds may be considered as assets that should have been used for the person's care, and could impact their eligibility for subsidized care. It is important to consult with a legal expert to understand the implications of this situation.

How can you check SS number for a deceased person?

User Avatar

Asked by Wiki User

You can check the Social Security Death Index (SSDI) database to verify whether a Social Security number belongs to a deceased person. This database is maintained by the Social Security Administration and is publicly accessible.

He has a life estate moved to a nursing home can the owner of the home go check it?

User Avatar

Asked by Wiki User

If the individual with a life estate has moved to a nursing home, the owner of the property can check on the home, as long as they respect the rights of the individual with the life estate. However, the owner should also ensure they are not infringing on the privacy or rights of the individual in the nursing home. It's advisable to communicate and coordinate with any legal representatives or family members involved.

How old is an executor?

User Avatar

Asked by Wiki User

The age requirement to be an executor varies by jurisdiction, but generally you must be at least 18 years old to serve as an executor. It is important for an executor to be mentally capable and legally competent to fulfill their duties.

How do you increase life expectancy?

User Avatar

Asked by Wiki User

You can increase life expectancy by adopting a healthy lifestyle that includes regular exercise, a balanced diet rich in fruits and vegetables, avoiding smoking and excessive alcohol consumption, managing stress, and getting regular health check-ups. Additionally, maintaining strong social connections and having a positive outlook on life can also contribute to a longer lifespan.