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The executor should make sure that insurance is current on property in the estate.
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∙ 12y ago
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My uncle has died and his house is part of the estate under probate. can we rent it out when it is still under probate?
Yes, the executor of the estate may do what they can to insure the value of the estate doesn't lose value. But the estate will need to file a tax return for the rental income.
Are heirs responsible for deceased parents mortgage debt?
No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.
What is a large area of land with a large house on it?
a large area of often with a large house on it
Can you sell your house to your son for 100 dollars?
Wow... Thats Nothing... You Should Be Charing Him More... Family Or Not. Anyways, Check With Some Real Estate Agents And Ask. I Think You Can....
Is a person required by law to insure his or her house and car?
Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.
Can you insure a house with mold?
Yes, but the premiums will be higher.
How much to insure your west highland terrier?
Unless your Westie is one of the breadwinners of the house, I would not insure it at all.
Where is Sandringham Estate located?
Sandringham Estate is located in Norfolk, England. The estate includes Sandringham House, York Cottage and Appleton House. The estate is comprised of 8000 hectares of land.
How can real estate law be helpful when purchasing a house?
Real estate law can be helpful when purchasing a house because it helps to know what the boundaries for your real estate agent are for searching for the perfect house.
How can the person with a life estate insure property they do not own?
Check with your agent. I am certain there is a way. A broker is your best bet!
How much would you insure your house if it is appraised at 75000 initially?
You need to insure it at replacement cost not value or appraised value. Call your agent.
Your brother passed away his home goes to mom she will renunciate to siblings do you have to wait to renunciate to sell the house?
The executor of the estate can sell the house at any time. The renunciation really deals with who gets the money from the sale. The executor can also transfer the house to someones name, but they have to insure all the debts are paid. Consult an attorney in your area for details.
