Want this question answered?
If an heir of an estate dies who entitled to that portion of the money?
No. The "heir" has no right to that money whatsoever.
No, an heir only gets access to their share of the estate. They cannot steal money from the others.
when can you close my fathers estate account and keep the money.
Go to the court house and request one. You have a right as a natural heir of your grandmother. They may charge you copying costs. Of course, this supposes that you are 18 or older.
An heir may decline to accept an inheritance. The executor then has to distribute the assets per the will.
In the US: It is not required that a will be read by a solicitor/attorney. An Executor -an heir - or a Trustee - may fulfill the duty.
When the executor is satisfied that all the debts have been resolved. They will provide a final accounting to the court and distribute the remainder.
If an heir of an estate dies who entitled to that portion of the money?
No. The "heir" has no right to that money whatsoever.
She was going to become the heir for all of her sons property and money.
Each country has laws relating to this and you need to go and see a solicitor or attorney for advice.
It depends on why the heir paid cash to the estate. If it was a loan to the estate, it should be paid back first. If it was to pay the estate back for a loan, it is divided up like the rest of the assets.
No, an heir only gets access to their share of the estate. They cannot steal money from the others.
The "estate" or the heir. But the heir's responsibility is limited to the amount of money in the estate. In other words, the heir does not become responsible for all the debts personally as if they were his own. The estate, but not the heir. The heir has no liability for the debt - the debts might only go to reduce the amount the heir might get.
An executor must follow the provisions in the will and for any property not distributed by the will must distribute it as intestate property according to the laws of intestacy. An executor does not have discretionary power of distribution unless that power was specifically granted in the will. An executor is personally liable for any acts that go against the will or violate the law.
The amount of money awarded to the heir who solves the Westing game was $200,000.