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Are there different types of music royalties?
There are five types of music royalties. These royalties include; Mechanical licenses and royalties, Performance rights and royalties, Synchronization rights and royalties, Print rights and royalties, and Foreign Royalties.
What can beneficiaries do if executor assumes ownership of property and leaves out coexecutor and other beneficiaries?
The executor IS the owner of the property, for the purpose of probate.
Is a spouse of one of the beneficiaries of an estate permitted to remove tangible property from the home such as tools?
The spouse of a beneficiary has no rights to the estate. Removal of property without the executor's authorization could be prosecuted as theft.
How can the state take a nursing home patient property?
if a letter of afidavit was filed with the state for someones small estate and later you find out their were unknown mineral rights can the state still have rights to any royalties..
Do royalties on mineral rights effect Disability benefits from Social Security?
There is no causal relationship which may indicate that mineral rights or royalties thereon have an effect on disability benefits.
What happen to royalties from dead wrighters?
Upon the death of an author the rights to his work will be assigned to an heir/heiress just as any other physical property. If it is not specifically stated in the writers will a new assignee will be named by the Probate judge. Unless a new agreement is entered into by the new rights holder royalties will be paid to the designated rights holder just as if they were being paid to the author when he was alive.
Do copyright owners use royalties to make money?
Yes; royalties are one way of ascribing value to intellectual property.
What can you do if an irrevocable trust was left to 5 beneficiaries and one tries to sale the property without the knowledge of others?
The title to property in a trust is in the name of the trustee. Only the trustee has the authority to sell the trust property. A sale by one of the beneficiaries would be void since the beneficiaries do not have title to the property. If the property is real estate, a deed from one of the beneficiaries would not convey the property and would not be acceptable to the buyer. The deed must be executed by the trustee as set forth in the trust instrument.
Can a beneficiary rent out estate real property and keep the proceeds to himself at the expense of other beneficiaries?
If that beneficiary inherited the property by himself- yes. If that beneficiary inherited the property along with other beneficiaries- no. Remember that the estate must be probated if it includes real estate in order for legal title to pass to the beneficiaries.
Can the executor sell property without all beneficiaries approving in Virginia?
The executor of an estate always has the ability to sell property if allowed by the will. As long as the court agrees, the desires of the beneficiaries is secondary.
Can the executor in Wisconsin move property without all beneficiaries approving?
The exector's responsibility to the estate, not the beneficiaries. They are accountable to the court for executing the will and the laws.
How do you execute a will with 6 grandchildren named as beneficiaries but the farm is to be managed by their parents during the parents lives?
You must consult with an attorney who specializes in probate law in your jurisdiction. The grandparent's estate must be probated in order for the legal title to the property to pass to the beneficiaries. The parents of those beneficiaries may have a life estate in the property. The attorney must review the Will, submit it to the probate court for allowance and administer the estate. Once the attorney has reviewed the situation and explained your rights and options, your questions will be answered.
