The child who is living in the home will need to come to an agreement with the other siblings who are the new owners of the property along with the resident sibling. They may need, or decide, to sell the premises and divide the net proceeds among the heirs.
The child who is living in the home will need to come to an agreement with the other siblings who are the new owners of the property along with the resident sibling. They may need, or decide, to sell the premises and divide the net proceeds among the heirs.
The child who is living in the home will need to come to an agreement with the other siblings who are the new owners of the property along with the resident sibling. They may need, or decide, to sell the premises and divide the net proceeds among the heirs.
The child who is living in the home will need to come to an agreement with the other siblings who are the new owners of the property along with the resident sibling. They may need, or decide, to sell the premises and divide the net proceeds among the heirs.
The child who is living in the home will need to come to an agreement with the other siblings who are the new owners of the property along with the resident sibling. They may need, or decide, to sell the premises and divide the net proceeds among the heirs.
You might divide father's property with sisters by selling the property and dividing the money equally between the siblings. You could also ask each sister what they would like to have from the father's property.
Yes, a beneficiary of an estate can sign a disclaimer to voluntarily relinquish their share of the inheritance. In this case, the disclaimed share would typically pass to the next beneficiary in line, such as the siblings of the disclaiming beneficiary, as specified in the estate plan or intestacy laws. It is important to follow proper legal procedures when executing a disclaimer to ensure the distribution of assets is handled correctly.
I don't know what country you're talking about but there is no such law in the US. When a person dies, his or her property will be left to whomever is named to receive the property in the will. if there is no will, the property will go to the spouse. If there is no spouse, the property will be inherited equally by all children of the deceased. If there are no children, no spouse, and no will, then I'm not sure.
" If there is no will , the procedure used for transferring property the deceased propert to his/her heirs is called Intestate succession. In the state of California the rules for dividing property are complex and dependent upon the relationship of kin: separate property: if the decedent has no will and leaves a spouse and one child, property is divided equally, 50-50. if there is a surviving spouse and two children, 1/3 goes to the spouse and 2/3 to the children. if there is no surviving spouse, property is divided qually among the children."
dividing in two equally
Not necessarily. Being on the deed as a joint tenant with rights of survivorship means they each have an equal share in the property. However, being on the deed as tenants in common means they could have unequal ownership shares. It's important to clarify the type of ownership when both siblings are on the deed.
Yes. You can Petition to Partition the property in a court of equity. If allowed, the court would then appoint a commissioner who, if dividing the property is not feasible, will market and sell the property. The net proceeds, after legal expenses, will be equally divided among the tenants in common.
1 quart = 2 pints
If there is no will that provides otherwise, and no surviving spouse, the state intestacy laws will provide that a parent's property be divided equally among the decedent's children. You can check the laws in your state at the related question link provided below.
It depends on the state you live in. If the married couple resided in a community property state at the time of the spouse's death the surviving spouse might be held accountable for debts incurred during the marriage solely by the deceased. The premise of community property states is, that all debts and all assets obtained during a marriage belong equally to both parties.
1. (as with any number, it can only be divided equally one way)
That would depend on where you live. In states that recognise community property it does not matter if your name is on the deed, if you purchase the property during the marriage it is community property and both own it equally. In states that do not recognise community property, if his name is the only one on the deed, then it belongs only to him.