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Can an heir sale his inherited interest in an estate before successions?
Wiki User
∙ 9y ago
He cannot "sell" what he doesn't yet own. He can enter into a contract for sale if he can find a willing buyer and the transfer of title can take place after he has taken title to the property.
Wiki User
∙ 9y ago
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Who can open an estate?
Anyone with a vested interest in the estate can petition the court to open the estate. That would be anyone named in a will, anyone that is owed money by the estate or any natural heir.
What is a bare life estate?
Can the remainder of a bare life estate transfers their remainder interest to another person while the life tenant is still alive.
What is the job description for a real estate broker?
A real estate agent helps home owners sell their homes. They also help buyers communicate with other real estate agents when they have an interest in a home.
What other qualification are beneficial for becoming a real estate agent?
Course RequirementsApplicants for a real estate broker license examination must have successfully completed the following eight statutorily required college-level courses:Real Estate Practice; andLegal Aspects of Real Estate; andReal Estate Finance; andReal Estate Appraisal; andReal Estate Economics or Accounting; andThree* courses from the following listReal Estate PrinciplesBusiness LawProperty ManagementEscrowReal Estate Office AdministrationMortgage Loan Brokering and LendingAdvanced Legal Aspects of Real EstateAdvanced Real Estate FinanceAdvanced Real Estate AppraisalComputer Applications in Real EstateCommon Interest Developments *If both Real Estate Economics and Accounting are taken, only two courses from the above group are required.
Is real estate part of residuary estate?
If the estate is governed my a legal document, i.e. a will or trust, and there is no specific language about the real estate then the real estate would be part of the residual estate. However, it also depends on how the real estate is titled at the recorder of deeds. If the real estate states that another party has the right of survivorship or is a joint owner other factors come into play. Before this question can answered to its fullest one must determine how the property is titled.
If inherited money has gone through probate hasn't it already been taxed?
Not necessarily Inherited money is not taxable, so the issue is not that it has already been taxed. The IRS does not consider it taxable income. On the other hand, any interest earned on the inherited money during administration IS taxable. That money is considered income and the estate must pay the income tax on it or the estate distributes that interest to the beneficiaries prior to the close of the estate and the beneficiaries have to declare that as income.
Would a beneficiary Deed to property be legal in the State of Ga?
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
Can a child under 18 who inherited interest in real estate from a grandparent in NJ sign the deed to transfer?
No, they are not of legal age. Their guardian must do it.
Is 60000 inherited taxable?
The amount of taxable inheritance depends on the entire estate. If the amount of the estate that the 60,000 was inherited from is over 2 million dollars then the income is taxable. If the estate was worth less then that then there are no taxes on the estate.
If an heir passes away before estate settlement what happens to the estate settlement?
If the heir died after the decedent, any property that was inherited by that heir would become part of that heir's estate. The heir's estate would also need to be probated.
Who inherited George Harrisons estate?
His family
Who inherited James Dean's estate?
His cousin, Marcus.
Who inherited Julia Child's estate?
I don’t know
Can a beneficiary to an estate enter into a new lease agreement?
If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.
If spouse dies is the surviving spouse obligated to pay the loan?
The estate must repay the loan before assets are inherited. Otherwise, only if they cosigned.
Who inherited Gene Autry's estate?
His widow, Jackie Autry.
How do you force the sale of real estate property inherited in North Carolina?
That's the decision of the executor of the estate.
