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What else can I help you with?
If there is no money to pay funeral costs in the estate who is responsible?
If there is no money to pay funeral costs in the estate the executor is not personally responsible. The estate can be sued to have any assets sold and the funeral home is paid first.
Can an heir to the estate receive money from that estate after the house has been sold. Everyone that suppose have received their portion of the estate has. When can the heirs receive their money?
When the executor is satisfied that all the debts have been resolved. They will provide a final accounting to the court and distribute the remainder.
What happens if the estate and money left in a will of a deceased is in percentage?
In fact, this is how most wills are set up. They pay out a percentage of the estate. For example, if the estate was worth $100,000.00 and a beneficiary was to receive 15% of the estate, they would receive $15,000.00.
Did Latoya Jackson get money from Michael Jackson's estate?
No, the only ones who get money from the estate are Michael's mother and his three children.
Can you pay for your fathers funeral out of his money if you are designated his executor on his will?
I'm not an attorney but in my experience the answer is yes - that is one of the reasons people make sure there is money in their estate.
Who pays for a parents burial if the parent has no money and no estate.?
Whomever made the funeral arrangements. They would have to sign taking on the responsibility before the funeral home would provide the services.
If a father disinherited his children in his will and left life insurance to his deceased wife with no contingent will the money go to the children or the estate?
In most cases it will default to the estate.
How do you divide an estate when two of three heirs owe money to the estate?
The value of the estate, which includes the debts owed to it as well as the debts the estate owes, is divided up into three parts. The amount those that owe the estate money receive is off-set against the debt. If there are more debts owed by the estate then it is worth, those owing money will have to pay it to the estate.
What holiday do children receive a red envelope with money?
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Who pays for a funeral of a parent with one adult child and no will?
A will makes no difference other than to indicate if the deceased parent left funds either money or life insurance to pay the cost of their funeral. They are still you're parent, so the adult child should pay, that is the moral stance. However, legally, the children do not have the funds to pay for the funeral, then they can ask the government for help. Most governments usually will provide for the cost of a basic funeral for a deceased, if that deceased left no means from their estate to meet their own funeral costs.
If your brothers do not have life insurance and you need enough to bury them if need be what can you do if they won't sign?
Do they have enough money in their estate to pay for their burials? How about pre-paid funerals? It's their funeral, let them worry about it. Are you in their will? Whose the executor of their estate?
Does the beneficiary of a life insurance policy have to pay for the deceased funeral cost or should the estate pay for it?
The beneficiary of a life insurance policy is not responsible for paying for the deceased's funeral cost using the money from the proceeds of the life insurance policy. The estate of the deceased is responsible for paying for the funeral cost from the proceeds of the estate.
