no
There is no fixed rule. Every company is different, it could be of the gross estate, it could be of the net estate, it could be of the property value. It could be anything, consult the executors
Yes, community property takes precedence. The estate cannot do something with property that does not belong to them.
Executors do not get the money, it goes to the estate. The executors distribute the estate per the will or laws of intestacy.
The credit of the executor has no bearing on the credit of the estate. It is not his property in question.
That is the job of the executor. They have to inventory the estate, value the property, resolve debts and then distribute the remainder.
The lien goes on the property, not the estate. But the estate must resolve the lien when disposing of the property.
The person named as the executor of a will does not need the signature of siblings to perform this function UNLESS they too are named as executors in which case the signatures of ALL the executors are required to dispose of the estate.
There are no clear numbers on the percentage of executors that charge the estate for their services. Estimates put this number at anywhere from 40 to 75 percent.
The beneficiaries have no authority as to how an estate is to be handled. That is the duty of the executor or executrix who will be held personally and legally accountable to the court for all assets and property belonging to the deceased. Therefore the executor has a legal obligation to inventory ALL property and assets and to accurately enter them into the probate filing of the estate.
You are combining two separate issues. Executors settle estates. An estate is comprised of all the property owned by the decedent at the time of their death. Trust property is not owned by the decedent and so is not part of the assets of an estate. Trustees manage trusts. You need to review the terms of the trust to determine what must be done with the trust property upon the death of the trustor.You are combining two separate issues. Executors settle estates. An estate is comprised of all the property owned by the decedent at the time of their death. Trust property is not owned by the decedent and so is not part of the assets of an estate. Trustees manage trusts. You need to review the terms of the trust to determine what must be done with the trust property upon the death of the trustor.You are combining two separate issues. Executors settle estates. An estate is comprised of all the property owned by the decedent at the time of their death. Trust property is not owned by the decedent and so is not part of the assets of an estate. Trustees manage trusts. You need to review the terms of the trust to determine what must be done with the trust property upon the death of the trustor.You are combining two separate issues. Executors settle estates. An estate is comprised of all the property owned by the decedent at the time of their death. Trust property is not owned by the decedent and so is not part of the assets of an estate. Trustees manage trusts. You need to review the terms of the trust to determine what must be done with the trust property upon the death of the trustor.
Type your answer here... Can a beneficiary force executors to wind up an estate, or ask them to buy him out in respect of a property being involved
The executors role is to insure that the property is sold for a fair market value and the proceeds properly distributed according to the will. Having a beneficiary buy the property is a common occurance, particularly if they property is to stay in the family. He has no brother or sister, but lots of half-brothers and -sisters, namely all the kids of Zeus.