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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.
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∙ 12y ago
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Can a living estate be probated?
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
What happens to a life estate if the homeowner goes into an assisted living facility?
If the homeowner with a life estate goes into an assisted living facility, the life estate continues to exist. The individual with the life estate retains the right to live in the property until their death, but may choose to temporarily or permanently vacate the property during their stay in assisted living.
What does Cody Brown do for a living?
Real estate agent'
Is there a living quarter that starts with the letter E?
· estate
How difficult is it to settle a parent's estate when the parent lives in Spain and the heir lives in the USA?
It is impossible to settle the estate of anyone still living, regardless of where they or their "heirs" are living.
Can occupants living on a intestate estate be asked to pay rent?
Yes, occupants living on an intestate estate can be asked to pay rent to the estate if they are using the property. This rent can then be used to cover expenses related to the maintenance and upkeep of the property.
Can an executor make surviving children of the estate pay rent if they are living on the estate?
Yes, they have the ability to charge rent. It is their responsibility to maintain the assets of the estate.
What has the author Harvey J Platt written?
Harvey J. Platt has written: 'Our living trust & estate plan' -- subject(s): Estate planning, Popular works, Living trusts
Life estate does your spouse have interest in it?
A life estate is based on a specific person's life. If they are not named in the life estate, they have no interest. They can claim the right to use the life estate as long as the individual is still living.
Can the executor of the estate transfer ownership of home to executor with consent of living owner?
You can't be the executor of an estate if the individual is still living. Property transfers are done the same as any other time.
What happens if the beneficiary of a california living trust dies before the estate is settled?
There is a disconnect here. A living trust is not related to an estate. The wording of the trust and perhaps the will associated with the individual will determine what the expectations are.
Can a life estate be perfected by the grantee living for a certain period of time on the property?
Once a life estate is granted by the owner of the property it is perfected. That grantee owns the life estate for the duration of their natural life or until they release it to the fee owner in writing.A life estate cannot be created by a person simply living on the property.
