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If a home is left to siblings in a will can executor silbling set sale price to sell to other sibling?
Wiki User
∙ 9y ago
Yes, the executor of the estate can make decisions such as this. it is usually best to talk it through if you are on good terms with your sibling.
Wiki User
∙ 9y ago
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If your sibling owes money to your mom at the time of your moms death does she have to pay it back to the estate.?
That will depend on the will, if there is no will and no signed document then the answer is "no" There MUST BE PROOF that the debt is owed in the first place!!! Your sibling absolutely has to repay the debt to the estate, especially if there is no will. In fact, the only way your sibling can get out of paying the debt is if there IS a will and the will specifically forgives the debt. The debt is an asset of the estate and must be collected by the executor. If your sibling is the executor, she still must pay it back. Frequently, in situations like this, the debt is not actually paid to the estate. The person owing the money simply has his or her inheritance reduced by an appropriate pro rata amount depending on the circumstances. If there is no signed document evidencing the debt, it must still be repaid if the debt can be proved by other means.
Does the estate pay tax on life insurance?
In most cases no! But in the estate it will be subject to probate charges and other fees such as executor.
If the debt is greater than the assets of the estate is the executor responsible to pay off the remaining debt?
Generally no. The estate is responsible for paying the sole debts of the decedent. If on the other hand the debts are owed jointly with the person who was appointed the executor then that person is still responsible for paying them.
Can a beneficiary stay at a property without paying rent to other beneficiaries?
They are not responsible to the other beneficiaries, they are responsible to the estate. It is up to the executor to make sure things are done fairly.
How does a nephew of a childless deceased access the bank account without a will?
They don't. He has no right to do so. However, what he needs to do is to open an estate. If there are no objections from other possible heirs, he can be appointed as executor. The executor (whether it is a volunteer or court appointed) will be given a letter of authorization that will allow them to access all of the resources of the estate. There are requirements for record keeping and notification of others, as well as reports that have to be filed with the court. And the executor can be paid for their efforts. Consult a probate attorney in your jurisdiction for further information.
Can a sibling sue another sibling for interference with inheritance?
That's the decision of the executor of the estate. If the other siblings want to keep the property, they would have to pay the other for their share.
Can a sibling appointed as an executor move the parent to a different care facility without consenting the other siblings?
The executor of an estate has no power while the individual is still living. If they have been appointed as conservator of the person, they may move them.
How do you say 'sibling' or 'siblings' in Finnish?
sisar = sibling, sister sisaret = siblings, sisters sisarukset = siblings (of each other)
Should sibling who is executor and is inheriting estate residual be able to get executor fees from other sibling who is inheriting most of estate in real estate?
Yes. There is a lot of work and responsibility involved in being the executor of an estate. The one sibling/beneficiary who is appointed should not be reqired to work for the other beneficiary for free. In some cases the executor may not charge the statutory fee, however, they should not be expected to work for free. The executor fee should be paid from the estate. If one of two sibling is inheriting real estate then they should make a cash contribution equal to one-half of the executor's fee.
How many siblings does Steve job have?
He had one other sibling.
Why do convict cichlid siblings fight with one another?
The Convict Cichlid sibling fight with each other because of the sibling rivalry.
What is the legal age in mass for a sibling to watch over his sibling?
I am not positve if a sibling can watch over another sibling when a parent is away. But I Know for a fact that if one of siblings is at least 12 the child stay home by themselves. So if one of the siblings is at least 12 i think tht sibling can watch over the other sibling while a parent is away.
What relation is your grandson to your sibling's grandson?
The grandchildren of siblings are second cousins to each other.
What is sibling rivalry?
It is a rivalry caused by siblings, one wanting to be better than the other.
What is sibling love?
* Sibling love is when you love a brother or a sister (they are your siblings.) More often than not there is sibling rivalry where there can be arguments and sometimes physical fights between siblings, but this does not mean they don't love or care for each other and in time and when they mature most siblings get along well when they mature (in their late teens upwards.)
Can a sibling who is the executor of the parent's will add a third sibling into the final petition for distribution?
Yes, they can. In some cases they are required to, particularly if the third child was born after the will was made. If the other sibling objects, then there could be a problem. In most cases the court is going to approve it.
Can an executor of an estate take things from the home without consent from the other siblings?
The executor has full rights to properly execute the will. All distributions must be cleared by the court.
