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Yes, as long as it is sold at a fair market value. If it is sold for a fraction of value, the estate may be able to pull it back into the estate as a gift.
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∙ 12y ago
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Does enduring power of attorney entitle you to sell property before death if family in will are to inherit said property?
yes
Can the executor sell mom's house before her death?
They certainly may not sell it before her death! They have no power to do anything.
Can you sell a vehicle even though you are going through a divorce?
You should check with your attorney before you sell any property acquired during your marriage.You should check with your attorney before you sell any property acquired during your marriage.You should check with your attorney before you sell any property acquired during your marriage.You should check with your attorney before you sell any property acquired during your marriage.
Is it legal for a parent to sell property that was willed to his minor children from their grandpa and give the money to the named children?
The parent holds the rights to the property in trust for the child. They can sell the property and place the money into trust. When the child comes of age, or there is need to use the money, it can be put into use for the child's welfare.
How can family property be sold if on child refuses to sell When parents leave land to all 8 children can we legally sell if one child won't agree to sell?
No. Talk your lawyer.
Is there an advantage to putting your children on the deed to your home?
There is a distinct disadvantage to adding minor children to the title to your property.If you wanted to mortgage or sell the property an interested party must petition to be appointed the child's Legal Guardian and the guardian must request a license to sell the child's interest in the real estate. The court will also appoint a Guardian ad Litem who will review the matter and report back to the court whether the sale is in the child's best interest. If the report is favorable, the court will issue a license to sell and make some provision for the proceeds to be placed in an account in trust for the child. The proceeds from the sale belong to the child. Also, the associated legal costs can be expensive.If the property remains in the child's name, when they reach the age of majority they may not want to transfer their interest to you if you decide to sell the property. They will be entitled to their share of the proceeds.If you will not need to sell or finance the property one advantage is that with the proper titling of the property it would pass directly to them in the event of your death, avoiding the expense of probate. However, the property would be available to their creditors. See the link provided below for a discussion on various tenancies.You should speak to an attorney before making any changes.
Once you have the deed to the house in your name after the death of both owners can you sell the property?
If the estates were properly probated (if necessary) and the real estate is in your name legally then you can sell your property.
If a parent has lifetime rights to live in the house given to the child can the parent sell the property in North Carolina?
If it was given to the child, then no.
How do you get your half of profits on real estate sale if there is a child support lien against the property because husband did not pay child support?
I do believe a lawyer bringing this fact to the judge can make him sell the property to pay off the child support.
Can you sell a property before a lien is put on it?
That depends on the situation and state laws. In most states a conveyance of property to avoid creditors is considered a fraudulent and can be voided by a court order. In that case the property is usually transferred to a child, friend or family member for nominal consideration. In other cases if an owner manages to sell the property for fair market value to an innocent third party before any liens are recorded the creditor may be out of luck. You should consult with an attorney who can review your particular situation.
Why were white men not made to pay child support to children they fathered by slave women and why were they not prosecuted for rape especially of children?
The reason is that in the days of slavery, slaves were considered property. They had no legal rights nor existence under the law. The owner could do anything they wanted with their slaves. They could work them to death, beat them to death, rape them and sell their children. Slaves were listed in property in tax records and wills.The reason is that in the days of slavery, slaves were considered property. They had no legal rights nor existence under the law. The owner could do anything they wanted with their slaves. They could work them to death, beat them to death, rape them and sell their children. Slaves were listed in property in tax records and wills.The reason is that in the days of slavery, slaves were considered property. They had no legal rights nor existence under the law. The owner could do anything they wanted with their slaves. They could work them to death, beat them to death, rape them and sell their children. Slaves were listed in property in tax records and wills.The reason is that in the days of slavery, slaves were considered property. They had no legal rights nor existence under the law. The owner could do anything they wanted with their slaves. They could work them to death, beat them to death, rape them and sell their children. Slaves were listed in property in tax records and wills.
How do you become a legal guardian for your child to sell property in Ohio?
You already are the legal guardian of your children. Until they reach the age of majority, you are responsible for their property. You may need a probate court approval to sell something that is in trust for them.
