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What would happen if a family did not have a male heir?
We need context. In the US and estate planning, assets move between spouses upon the death of either spouse. Then goes to children, usually in equal shares, or if no children equally to siblings. In religion, certain traditions only pass down from males to males or even from a family to only female children.
What would happen if a family not have male a male heir?
We need context. In the US and estate planning, assets move between spouses upon the death of either spouse. Then goes to children, usually in equal shares, or if no children equally to siblings. In religion, certain traditions only pass down from males to males or even from a family to only female children.
If there is no will whoo determines how an estate is divided among siblings?
Every state has laws that determine the distribution of a decedent's property when there is no will so you have to check that state's laws. But generally, spouses and descendants will take first. If there are no spouse and no children and no children of predeceased children, then the estate goes up the line to the parents. If there are no parents the estate goes to the decedent's siblings in equal shares. If there are some living children and some predeceased children, then the children of that predeceased child takes the share that the predeceased child would have taken.
When the parents die who inherits the home?
As with nearly anything owned by the estate of a deceased person, the answer will depend upon whether there was a valid will, or upon the laws of intestacy where the property is located. For example, if there is no will, and no surviving parents, the children (or their heirs) might inherit all of the property in equal shares, if that is what the state laws of intestacy say.
If a spouse dies and the home was grant deeded to him who gets the home?
It depends on whether there was a will disposing of the real estate. It goes to whoevever is named in the will to have it. If the husband died without a will (intestate), the real estate passes according to state law for intestate succession, which is usually to the surviving spouse and children in (not necessarily equal) shares.
I am the only child of my father who is deceased. His mother passed away in California. She has one daughter and one step-son living. What are my rights to her estate if she had no will?
I am assuming that your grandmother does not have a spouse who is still living. In California, if a resident dies without a will or trust, then the laws of intestate succession are used to determine who will inherit the estate. If your grandmother was not married, then the estate would be divided in equal shares (if they are in the same generation) to her children. If there are no children or grandchildren living, then the estate would go to her parents. If her parents are no longer living, then the estate is distributed to the "issue of the parents." (Issue is the legal term for children, grandchildren, etc.) I am not an attorney but typically, in your situation, you would inherit one third of the estate. (Your father's portion.)
What happens to a house when the only person listed on the deed dies and has two sons?
Assuming there is no will, the estate must be probated and the property will pass to the two sons in equal shares.
If your parents left in their will specific instructions that one of four children would receive only 1 percent of estate while 3 would receive equal shares of what is left Can it be changed?
The person who was disinherited can contest the will if the will is not technically valid under state law. They should have the will reviewed by an attorney who specializes in probate.
In California when equal shares of the residual of an estate is left by right of representation to three beneficiaries is it still necessary to specify percentages?
Yes, it should be noted in the will the exact share that each person is to receive.
How does a corporation get distributed from an estate in new york?
Corporations owned by a decedent are u sually distributed by issuing stock certificates of the corporation equal in value to the ownership interest the decedent had in the corporation. The number of shares each beneficiary receives is determined by the percentage of the estate each beneficiary receives in the will.
What are 8 equal shares are called?
eigths
What are 3 equal shares are called?
Thirds.
