0
What else can I help you with?
What power of attorney does not terminate upon death?
All power of attorney grants terminate upon death. They can only represent a living person.
What does it mean to have a quit claim deed as to a life estate?
A person who is granted a life estate has the right to the use and possession of the property for the duration of their natural life. They are responsible for upkeep and maintenance. Upon their death the life tenancy is extinguished.
Does the power of attorney terminate after death by Kentucky laws?
Yes. A Power of Attorney expires upon the death of the principal.
Does a financial Power of Attorney terminate with death?
Generally, a financial power of attorney expires upon the death of the principal. See related question.
When can a power of attorney be terminated?
At any time the grantor wants to terminate it. It also ends upon the death of the grantor.
What is property owned as tenants-by-the-entirety?
Tenancy by the entirety is a special joint tenancy reserved for legally married couples. It provides special protection from creditors and upon the death of one tenant full ownership passes to the survivor automatically with no need for probate.
Are verbal rental agreements between the deceased trustor and excutor of the will still valid?
Most states have statutes that say that any tenancy is terminated upon the death of either party.
If a person adds a son to the deed will it automactically transfer to him upon death?
If the tenancy in the deed is clearly defined as a joint tenancy with the right of survivorship the property will automatically pass to the survivor, bypassing probate. You should have the deed drafted by an attorney to make certain it is drafted property for your jurisdiction.
What happens to a property if an ex-husband did not remove et ux from a deed before he died?
Generally, if a husband and wife own property as tenants by the entirety and they divorce, their tenancy is changed to a tenancy in common. Each would own one half interest and it would pass to their heirs at law if they died. Their estate would have to be probated. A joint tenancy might not be affected and the property would pass to the other joint tenant upon the death of the first.The laws vary in different jurisdictions. You need to consult with an attorney in your jurisdiction who can check the original tenancy and the laws in your jurisdiction.Generally, if a husband and wife own property as tenants by the entirety and they divorce, their tenancy is changed to a tenancy in common. Each would own one half interest and it would pass to their heirs at law if they died. Their estate would have to be probated. A joint tenancy might not be affected and the property would pass to the other joint tenant upon the death of the first.The laws vary in different jurisdictions. You need to consult with an attorney in your jurisdiction who can check the original tenancy and the laws in your jurisdiction.Generally, if a husband and wife own property as tenants by the entirety and they divorce, their tenancy is changed to a tenancy in common. Each would own one half interest and it would pass to their heirs at law if they died. Their estate would have to be probated. A joint tenancy might not be affected and the property would pass to the other joint tenant upon the death of the first.The laws vary in different jurisdictions. You need to consult with an attorney in your jurisdiction who can check the original tenancy and the laws in your jurisdiction.Generally, if a husband and wife own property as tenants by the entirety and they divorce, their tenancy is changed to a tenancy in common. Each would own one half interest and it would pass to their heirs at law if they died. Their estate would have to be probated. A joint tenancy might not be affected and the property would pass to the other joint tenant upon the death of the first.The laws vary in different jurisdictions. You need to consult with an attorney in your jurisdiction who can check the original tenancy and the laws in your jurisdiction.
Can a Tenancy by the entirety has a beneficiary?
No, a tenancy by the entirety cannot have a beneficiary. This form of ownership is exclusively between married couples, where both spouses hold an equal and undivided interest in the property. Upon the death of one spouse, the surviving spouse automatically inherits the deceased spouse's interest, which means there is no need for a beneficiary designation. Any transfer of interest during the owners' lifetimes or upon death typically requires the consent of both spouses.
How do you dissolve a life estate?
A life estate can be dissolved by the life tenant voluntarily surrendering their rights, or through a legal action by the remainderman to terminate the life estate. Dissolution can also occur through mutual agreement between the life tenant and the remainderman, or if the terms of the life estate end naturally, such as upon the death of the life tenant.
Does a stepfather have rights to property if mother had a life estate?
No. Mother's life estate is extinguished upon her death. Her husband would have no rights in the property whatsoever.No. Mother's life estate is extinguished upon her death. Her husband would have no rights in the property whatsoever.No. Mother's life estate is extinguished upon her death. Her husband would have no rights in the property whatsoever.No. Mother's life estate is extinguished upon her death. Her husband would have no rights in the property whatsoever.
