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The settlement of Celia Cruz's estate was finalized in 2005, seven years after her death. The legal process involved various challenges, including disputes over her assets and rights to her music. Ultimately, her estate was divided among her beneficiaries and her legacy continues to be celebrated worldwide.

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1y ago

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What does residuary mean in a will?

Residuary in a will refers to the portion of the deceased person's estate that remains after specific gifts, debts, and taxes have been settled. This portion is typically distributed to the residual beneficiaries as outlined in the will.


Does every estate have the need for a probate lawyer?

No not every estate needs one. If the size of the estate is very modest and no one will contest it because it it straightforward then the matter can be handled in probate court where the judge will finalize matter. However if the terms are extensive and can be challenged by someone then by all means get an attorney. He may save you years of legal nightmare.


Does everything a person owns is considered as part of the residue of an estate?

Not necessarily. An estate's residue typically includes assets remaining after debts and specific bequests are settled. It may include real estate, cash, investments, and personal property, but personal items like clothing or jewelry may not be considered part of the residue if they are specifically bequeathed to someone.


What happens to the net settlement if the claimant is dead and the estate settled years ago?

If the claimant is deceased and the estate settlement occurred years ago, the net settlement would typically be distributed according to the terms outlined in the deceased claimant's will or through the laws of intestacy if there was no will. The net settlement would become part of the deceased claimant's estate and would be distributed to the rightful heirs or beneficiaries as per the established legal guidelines.


Can medicaid take my house when I die?

I do not know about your medicaid circumstances, but as a general rule, when you die your assets (including your house) form your estate. Before your estate can be passed on to your heirs, all debts must be settled out of it.