Can the personal representative live the estate without paying rent?
The obligor is the decedent's estate. If assets are distributed without paying the estate tax, the personal representative is on the hook. In addition, recipients can be required to pay up to the value of assets received. Read More
They are responsible for paying it from the estate's funds. They do not have to pay it personally. Read More
The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate. The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts from the estate. The estate is responsible for paying the debts and the estate representative, appointed by the probate court, is responsible for paying the debts… Read More
Can a personal representative on an estate file bankruptcy on behalf of the estate or on behalf of the deceased to avoid paying back taxes?
Estates do not go bankrupt. The assets are inventoried and valued and the debts are listed. The executor proposes a settlement to the court. If it is accepted, the estate is closed. Read More
In most cases the laws allow that. The representative must provide full accounting to the court as to what the costs were. In some a specific fee is set, either based on a percentage, or an hourly rate. Consult an attorney in your area for specifics. Read More
Is it necessary to file a Notice of Administration in an Estate where the Personal Representative is the sole heir?
If the decedent died owning any property in their own name the estate is responsible for paying their debts. The creditors and any unknown heirs must be provided with the opportunity to make a claim against the estate. If there is real property, title will not pass legally unless the estate is probated. If there are personal bank accounts the administrator will need letters of administration to access the funds and close the accounts. Read More
Executor's fees (the fees which the personal representative may receive from the 'estate') are controlled by contract, agreement and expressed in the will or separate documents. Or the Georgia statutes spell out the pay schedule. (a) Personal representatives shall be compensated as specified in either the will or any written agreement entered into prior to the decedent's death or a written agreement signed by all the beneficiaries of a testate estate or all the heirs… Read More
The heirs aren't the persons with the authority to "handle" an estate at all. If a person died owning property their estate must be probated, an estate representative must be appointed and the debts of the estate must be paid before any property is distributed to the heirs. Probate laws govern the distribution of a decedent's estate regarding creditors and heirs. If the court appointed estate representative mishandles the estate they are held personally responsible… Read More
It varies from jurisdiction to jurisdiction, but normally (a) you need a court order, and (b) you need to establish a risk that the personal representatives will dissipate the assets without paying what is owed to you. Read More
The estate of the person who dies is responsible for paying off the debt. Read More
Although the answer is yes it would have to be at the consent of the estate administrators and or other beneficiaries. Read More
What are adult children responsible for paying from a deceased parent with no Will or estate but multiple medical bills?
Probably not. The estate may be used to pay bills but the children should have no personal liabilities. Read More
Can I get my personal property from the car if it has already been repossed without paying a fee? Read More
The loans are considered an asset of the estate; you'd probably have to make arrangements with the executor. Read More
No. A power of attorney expires upon the death of the principal. The decedent's estate is responsible for paying the debts. A qualified person must petition the probate court to be appointed the estate representative. Once they have been appointed, they will have the power to pay debts. Read More
In Oregon if the estate does not have enough money to pay the attorney's fees is the Estate Representative personally responsible for payment?
Generally, the estate is responsible for paying the debts of the estate and the costs of probate. However, it depends on what you signed when you hired the attorney. You need to review copies of those documents. If the executor mishandled the estate funds they may be personally liable for any resulting debts. Read More
It depends on the will and who is inheriting the money. A spouse can receive the entire estate with no taxes. Read More
The estate is responsible for paying all taxes. The executor is responsible for making sure that the estate does so. Read More
Not if you know all the legal aspects of probating a will, the probate laws, filing procedures and are willing to take on the personal liability for any errors you make, especially in paying creditors and distribution of the estate. If not then hire an attorney. Not if you know all the legal aspects of probating a will, the probate laws, filing procedures and are willing to take on the personal liability for any errors… Read More
As far as I know, you don't. The wii points are only representative of how much money you have on the wii to spend. Read More
Are the surviving children responsible for paying off their own debt backed by the estate of the deceased?
The estate is responsible for paying off the bills of the deceased, first and foremost. Surviving children should not have access to the funds until the estate is settled. If the children are minors, the court will appoint a guardian and will usually advance living expenses to insure they aren't without money and a place to live. Read More
Do we have to go to probate for someone to buy her house.Your grandma died 10 days ago without a will She has a house she owed on on and a vehicle she was still paying on What happens now?
Without a will, her estate will have to go through probate. Read More
you get a pole up your jacksie Read More
They are not personally responsible. The estate is responsible for paying the costs. Read More
They are not responsible to the other beneficiaries, they are responsible to the estate. It is up to the executor to make sure things are done fairly. Read More
At almost 3 million dollars you need to go and ask an attorney to help you with this. Read More
because the third estate was paying sky high taxes and the first and second weren't. they also had to pay rents and fees to the landowners, but they also paid a tenth of their income to the church. they had to preform labor without pay. Read More
death - and then there is the estate tax Read More
No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination. No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life… Read More
If your car is impounded what is the law regarding your possessions in the car Can you get them out without paying the impound and towing fees?
You are allowed to remove any personal possessions from a vehicle that has been impounded without paying. You are not allowed to remove any part of the car like speakers, spare tire, seat covers, etc... Read More
The estate of the owner must be probated in order for title to the real estate to pass to the heirs, or, for an estate representative to convey legal title to any buyer. When the estate is probated the court will appoint an Executor if there is a will or an Administrator if there is no will. The court will issue Letters Testamentary or Letters of Administration. Those letters give the estate representative the authority… Read More
Your personal health and beauty depend on your perseverance. Without you paying attention to your body and your physical appearance they will deteriorate. Read More
Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts. Read More
What happens if you purchase real estate from an estate with the estate holding the mortgage then the estate account is closed by the trustee and payments are now going to a personal account?
You should review this situation with an attorney. You are the mortgagor. There is a mortgagee to whom the money is owed and the name of the mortgagee should be recited in the mortgage document. The heirs should be listed as the mortgagees since they were the legal owners of the real estate. An attorney should review the mortgage and the recipient of your payments to make certain you are paying the correct party. Read More
The estate is responsible for paying all debts. Read More
A mortgage or mortgage loan uses real-estate or personal property as collateral to guarantee a repayment of a loan. A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front. Over a period of… Read More
It is impossible to become a member without paying that is why it is a membership. Read More
Not for the estate. No one else is responsible for it. The estate has to pay all of the debts. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended. Read More
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. Read More
Ordinarily, these are two separate transactions. Consider the following situations: 1. If you have undertaken to make the funeral arrangements and signed a contract with the funeral home to pay for them, you have committed to pay from all available funds that you have. 2. If you are the personal representative (in some states, "executor") of the estate, and no advanced payment arrangements have been made, you are responsible for paying the funeral expenses from… Read More
In Texas what is an executor of a will responable for paying until the will is probated of the home of the estate?
Personally they are not responsible for anything. As the executor of the estate, they are responsible for maintaining the estate so most utilities are going to be good. Read More
No, the estate is responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed any remainder distributed. Read More
yes, the return gets filed, then CCRA issues a notice of assessment. The taxes remain outstanding and attract interest and possibly penalties. Read More
Not without paying off any liens or loans. The estate is responsible for resolving such issues and determining what the proper resolution is for the vehicle and the associated loans. Read More
No, the executor of the estate will be responsible. If there is no estate then the bills will not be paid. Read More
The estate has to resolve all debts. That would include paying off any claims against it. Read More