In theory, the executor and attorney for the estate can rent to the highest bidder. However, other factors may be considered like when rent will be paid and in what form of lease. When a landowner is deceased, their estate must be opened and an executor is appointed. Often an estate will require at least nine months to complete and often it will take longer when a business or rental property is involved. For the duration of the estate, the executor is charged with the duty to protect the assets of the estate and pay the debts of the decedent. The executor and the attorney will determine how to accomplish these tasks. Therefore, theoretically if the renter is the highest bidder, and the lease may be completed or "paid up" prior to the end of the estate proceedings, the executor may rent the land to the heir if he fits these criteria. At a minimum, the heir would need to be the highest bidder.
An estate that holds real property must be probated in order for legal title to pass to the heirs. The assets cannot be sold until the debts of the decedent have been paid. You can sell your interest after the estate has been probated but your grantee will receive only your interest in the property. Your grantee will become a tenant in common with the other owners. It is difficult to find a willing buyer under those circumstances. Your deed cannot convey any interest owned by other heirs.
They can only transfer their own interest in the property. In addition, an estate that holds real property must be probated in order for legal title to pass to the heirs.
They can only transfer their own interest in the property. In addition, an estate that holds real property must be probated in order for legal title to pass to the heirs.
They can only transfer their own interest in the property. In addition, an estate that holds real property must be probated in order for legal title to pass to the heirs.
They can only transfer their own interest in the property. In addition, an estate that holds real property must be probated in order for legal title to pass to the heirs.
They can only transfer their own interest in the property. In addition, an estate that holds real property must be probated in order for legal title to pass to the heirs.
If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.
I assume you mean how do they acquire title to the real estate in their own name.In order for legal title to real estate to pass to the heirs the estate must be probated. Generally, once the administrator or personal representative has been appointed by the court there are two ways to transfer title to the real estate legally. First, the administrator can request a license to sell the real estate by stating the amount of the offer and to whom it will be sold. If the heirs consent, the license will be granted without delay. On the other hand, the administrator can wait until the estate has been settled and closed then purchase the real estate from the heirs at law.I assume you mean how do they acquire title to the real estate in their own name.In order for legal title to real estate to pass to the heirs the estate must be probated. Generally, once the administrator or personal representative has been appointed by the court there are two ways to transfer title to the real estate legally. First, the administrator can request a license to sell the real estate by stating the amount of the offer and to whom it will be sold. If the heirs consent, the license will be granted without delay. On the other hand, the administrator can wait until the estate has been settled and closed then purchase the real estate from the heirs at law.I assume you mean how do they acquire title to the real estate in their own name.In order for legal title to real estate to pass to the heirs the estate must be probated. Generally, once the administrator or personal representative has been appointed by the court there are two ways to transfer title to the real estate legally. First, the administrator can request a license to sell the real estate by stating the amount of the offer and to whom it will be sold. If the heirs consent, the license will be granted without delay. On the other hand, the administrator can wait until the estate has been settled and closed then purchase the real estate from the heirs at law.I assume you mean how do they acquire title to the real estate in their own name.In order for legal title to real estate to pass to the heirs the estate must be probated. Generally, once the administrator or personal representative has been appointed by the court there are two ways to transfer title to the real estate legally. First, the administrator can request a license to sell the real estate by stating the amount of the offer and to whom it will be sold. If the heirs consent, the license will be granted without delay. On the other hand, the administrator can wait until the estate has been settled and closed then purchase the real estate from the heirs at law.
Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).
Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).Step relatives are generally not legal heirs at law in an intestate estate (without a Will).
The executor has the duty to preserve the estate in all aspects, including making money for it. The heirs' consent is not necessary.
An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate.An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate.An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate.An estate that includes real estate must be probated in order for title to pass to the heirs legally. You should consult the attorney who is handling the estate.
If the decedent owned any property- yes. Real property cannot pass to the heirs legally until the estate is probated.If the decedent owned any property- yes. Real property cannot pass to the heirs legally until the estate is probated.If the decedent owned any property- yes. Real property cannot pass to the heirs legally until the estate is probated.If the decedent owned any property- yes. Real property cannot pass to the heirs legally until the estate is probated.
In most cases, stepchildren are not automatically entitled to inherit from your estate unless you specifically include them in your will or estate plan. If you wish for your stepchildren to receive any of your assets upon your passing, you should outline your intentions in a legally binding document like a will or trust. Consulting with an estate planning attorney can help you ensure that your wishes are carried out effectively.
Yes. The mortgage note is still a legally binding contract enforceable on the estate.
Assuming that the decedent's Will does not provide otherwise, and assuming that the decedent was liable for the taxes and insurance, or assuming that the residence is included in the decedent's estate, then yes.
When a person dies owning real estate their estate mustbe probated in order for title to pass legally to their heirs. You need to consult with an attorney who specializes in probate law.When a person dies owning real estate their estate must be probated in order for title to pass legally to their heirs. You need to consult with an attorney who specializes in probate law.When a person dies owning real estate their estate must be probated in order for title to pass legally to their heirs. You need to consult with an attorney who specializes in probate law.When a person dies owning real estate their estate must be probated in order for title to pass legally to their heirs. You need to consult with an attorney who specializes in probate law.
The decedent's estate must be probated in order for title to pass to the heirs legally. You should consult with an attorney who specializes in probate law.The decedent's estate must be probated in order for title to pass to the heirs legally. You should consult with an attorney who specializes in probate law.The decedent's estate must be probated in order for title to pass to the heirs legally. You should consult with an attorney who specializes in probate law.The decedent's estate must be probated in order for title to pass to the heirs legally. You should consult with an attorney who specializes in probate law.