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Can the executor on an estate sell himself property owned by the estate with a demand promissory note?
Wiki User
∙ 10y ago
They must pay a fair market price for the property. The demand note will have to be resolved before the court will close the estate.
Wiki User
∙ 10y ago
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Is demand draft a promissory note?
no
You loaned money to owners of a business they signed an on demand promissory note how do you file the lien on the property?
You will need to take the person to court. Once you have a judgment in your favor you can then file a lien with the courts.
Can a daughter take goods before probate is granted?
The daughter is not authorized to remove property before probate. They can be charged with theft and the executor has the right to demand its return.
Can a parent just come and demand to be the executor?
They can name you as the executor when their will is drafted. However, you are under no obligation to serve. When the will is eventually filed in probate you only need to sign a declination and the court will appoint an executor.
Can the executor demand the key to my deceased mother's empty house?
Yes, the executor of your deceased mother's estate typically has the authority to request the key to her empty house to fulfill their duties, such as ensuring the property is secured and managing its assets. It is important to cooperate with the executor to facilitate the estate administration process.
What happens if the executor demands from the co- executor a division of land for himself without caring about the consent of the other beneficiaries?
People do not have the authority to "make demands" from an estate. Estates are settled according to the provisions in the Will or according to the laws of intestacy if there is no Will. If there is a dispute the judge will decide. The executor who is making the demand must make his demand through the court.People do not have the authority to "make demands" from an estate. Estates are settled according to the provisions in the Will or according to the laws of intestacy if there is no Will. If there is a dispute the judge will decide. The executor who is making the demand must make his demand through the court.People do not have the authority to "make demands" from an estate. Estates are settled according to the provisions in the Will or according to the laws of intestacy if there is no Will. If there is a dispute the judge will decide. The executor who is making the demand must make his demand through the court.People do not have the authority to "make demands" from an estate. Estates are settled according to the provisions in the Will or according to the laws of intestacy if there is no Will. If there is a dispute the judge will decide. The executor who is making the demand must make his demand through the court.
When bill may be treated as promissory note?
Don't understand the question. A bill (or invoice) is NOT a promissory instrument (a promise to pay), instead - it is a demand for payment.
Can an executor remove property before probate?
The named executor or family can secure the property and must immediately file the will and commence the probate procedure. Until appointed by the court, an executor has no legal authority over the estate. If necessary, there is en expedited process by which a temporary executor can be appointed by the court until the executor can be appointed.
Promissory Note Due on Demand?
Get StartedThe Due on Demand Promissory Note is a document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing the loan funds is the "Borrower." The Note includes provisions regarding the amount of the loan, the interest rate, the date by which the loan must be repaid, and general provisions for enforcing the repayment of the loan.Due on Demand Promissory Note is payable "on demand," meaning it must be paid immediately by the Borrower upon request by the Lender.
Promissory Note - Due on Demand (Personal)?
Get StartedA Due on Demand Promissory Note specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing the loan funds is the "Borrower." The Note includes provisions regarding the amount of the loan, the interest rate, and the date by which the loan must be repaid. It also includes other general provisions that are important in enforcing the payment of the loan.A Due on Demand Promissory Note is payable "on demand." In other words, payable immediately at the request of the Lender.
What is the definition of demand promissory note?
A promissory note is defined as an instrument in writing (not being a bank note or a currency note), containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument.
Can an executor of a will demand the beneficiary to fulfill what is on the will and testament?
The executor is responsible to the court to ensure that the will is properly executed. They can request the beneficiaries meet the requirements set in the will or without the bequest.
