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A court appointed executor has the power to sell the real estate if the power to sell real estate was granted in the will or by a license of the court. If the beneficiary is the sole beneficiary and the proceeds from the sale of the real estate are not needed to pay debts then the beneficiary may be able to obtain a ruling from the court against the selling of the real estate.
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∙ 14y ago
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Can a trustee and beneficiary of a will buy a house from the estate?
Yes. As long as it is valued correctly and bought at the correct purchase price.
Can executor also be a beneficiary from will?
Yes. An executor may also be a beneficiary.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
Can a beneficiary give up his shares in an irrevocable trust?
Yes, a beneficiary is not required to receive anything they don't want.
What is supply and demand and how does it affect property prices?
Many buyers plus few houses available for sale means higher house prices - (a sellers market). Few buyers plus a surplus of houses for sale means lower house prices - (a buyers market).
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
What if opening bid is higher than house is worth in trustee sale?
Then it will go back to the beneficiary, the lender.
How do they sell Mario games?
you can sale Mario games at game stop or make a yard sal eat your house that says games for sale
If your house in foreclosure and is up for sale can it still be forclosed on by the lender?
Yes, the act of listing your home for sale will not stop or stall the foreclosure proceedings. Homes can be listed for sale for months and even years.
What do your have to do to stop a cheque being banked by the beneficiary?
you have to call the bank maybe
Can a stop a stop forcloseure sale on my house?
You are encouraged to contact your lender or loan services department immediately. If you can't work something out with them, there are many organizations that can help on your behalf.
Use beneficiary in a sentence?
Kacey is the beneficiary of her mom's life insurance policy since she's the only child, and she is the heir of her mom's house.
How do you stop a sheriff sale of personal property if you have full payment?
I believe you can contact the county court house and they will put you in touch with the right people
Can a lawyer as trustee of a revocable trust for a house your the beneficiary for hold that house for a year after date of death in case there is a lawsuit against the house?
cannot
If an executor sells property that was left to particular heirs who gets the proceeds?
This will depend on whether the estate is solvent or insolvent. In a solvent estate, when a specifically devised asset is sold, the proceeds of the sale go to the named beneficiary. This assumes that the beneficiary consents to the sale of the asset, because a specifically devised asset must be given to that beneficiary unless that beneficiary consents. An executor who sells such an asset without consent could be sued for damages. In an insolvent estate, if specifically devised property is sold because there is not enough cash in the estate to pay all debts, then some or all of the proceeds of sale will go into the estate to pay those debts, with any remaining amount, if any, going to the named beneficiary.
Can a beneficiary force the sale of a property when executor years ends if the other beneficiaries disagree?
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
What happens after probate if a house is involved and a beneficiary wants to keep it?
The beneficiary can buy the property from the estate. That means the mortgage must be settled and the price must be market value.
