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Can the estate of a deceased person take a home away from a co-buyer that has already taken over payments on the home and has been living in the home for years?
Wiki User
∙ 14y ago
That all depends on the tenancy under which the co-owners acquired the land by their deed.
If the co-owners acquired as tenants in common then the decedent's estate owns a one-half interest. In that case, the surviving co-owner would need to buy out the heirs in order to keep the property and the estate should pay half the expenses until the transfer of interest is made.
If the co-owners acquired as joint tenants with the right of survivorship then the decedent's interest automatically passed to the surviving co-owner and the decedent's estate got nothing.
Wiki User
∙ 14y ago
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Who pays deceased unpaid mortgage?
If there is a will, the executor makes all mortgage payments from the estate of the deceased.
What would happen if a person owened a car and die but they still making payments?
The executor must make the payments from any assets of the deceased Estate until the Estate is settled.
How do you cash your deceased daughter's last paycheck?
An estate has to be opened for your deceased daughter. That check will be deposited into the estate account. You need to consult an attorney about an estate if you haven't do so already.
Can you claim your deceased mothers share in deceased dads property?
No, you would take your share of his estate, which already includes hers.
Who is responsible for payments when creditor deceased?
Normally this would fall to the Executor of the Deceased Estate. It is the responsibility of the Executor, to collect all payments and settle all debts of the Deceased. the deceased person's husband or wife.....if they weren't married then the property that the loan is for gets returned to the bank, which technically still owns it because the loan wasn't fully repaid.
Who inherits estate when one heir is already deceased?
That will depend on the specific wording of the will. If there is no will, the intestate law will specify how it works.
Can creditors charge late fees on a deceased person's estate when there is no spouse For example late condo association fees late mortgage payments etc.?
Yes.
How do you transfer vehicle title when owner deceased and no will?
You open an estate. That is the purpose for the estate, to transfer property and resolve the debts of the deceased.
Will the estate of deceased in NC be responsible for medical bills if the deceased did not have insurance or a will?
Yes, it will be the responsibility of the estate. No will is necessary to open an estate. North Carolina law will designate the beneficiaries, if the estate value exceeds the debts.
If a person has been granted the administration of estate of the deceased is he or she obligated to pay the deceased debts?
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Who pays the bills of a deceased family member?
Bills are paid from the estate of the deceased.
What happens to a deceased's estate if there's no will?
In most countries the state takes over the estate and distributes it to the deceased's relatives in accordance with the law. If no relatives can be found the estate becomes the property of the state.
