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Estate administrator over pricing property so it does not sell?
Wiki User
∙ 13y ago
If you think the administrator is not performing their duties to the best advantage of the estate and heirs you can report the situation to the court and request a ruling or the removal of the administrator if necessary.
Wiki User
∙ 13y ago
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How do you sell a home without probate?
If the owner died their estate must be probated in order for title to vest in the heirs or for the estate fiduciary to have the legal power to sell. If they left a will (testate), the will must be allowed and an executor appointed. If they died intestate an administrator must be appointed. The administrator of the estate can obtain a license to sell the property from the court. The executor can obtain a license to sell if there is no authority to sell in the will. However, the debts of the decedent must be paid before any property is distributed to the heirs.No one has any authority over the property until the estate is probated so until then, no one can give a valid deed.
My mom was brain damaged in an accident so I was lawyer and court appointed her legal guardian and executor of her estate then she died over a year later and I paid all her debts can I sell her house?
You cannot sell your mother's property because you aren't the legal owner yet. Your mother's estate must be probated in order for title to her real estate to vest in her heirs. There are only two ways you can sell the real estate. 1.) You must petition the court to be appointed the administrator of her estate. You must then petition for a license to sell the real estate. 2.) You must petition the court to be appointed the administrator of her estate. Then you must complete the administration and close the estate. Once the estate has been completed the title to the property would be vested in (owned by) all the heirs and they could all sign a deed to sell the property.
What does estate mean?
A person's estate is all the property owned including real and personal property. In another sense an estate is a large piece of landed property with an elaborate house on it.
If you file a bankruptcy will your holdings in another country be protected?
In a US bankruptcy, you will have to turn over all property of the estate. Out of country assets are property of this estate.
How do you sign over property left by mother to one sibling?
If the property includes real estate the estate must be probated in order for title to pass to the devisee.If the property includes real estate the estate must be probated in order for title to pass to the devisee.If the property includes real estate the estate must be probated in order for title to pass to the devisee.If the property includes real estate the estate must be probated in order for title to pass to the devisee.
Who has the power over your deceased dads house you the executor or your brother whos claiming hes the administrator of the estate?
Sounds like there is controversy over the estate. Only one of you should have a letter of authority from the court.
How do you get an estate settled My father passed away 3 years ago and my sister hasn't filed anything and I'm in a situation because of her now Any sugestions?
Any family member can file a petition in the probate court to be appointed the Administrator of your father's estate. Once appointed the Administrator will have full and sole control over your father's property and the settlement of his estate. You should consult with an attorney who specializes in probate law and who can review your situation and explain both your options and the costs involved.
What should a tenant to with the rent money when the landlord passes on?
If a landlord dies then the property becomes part of that landlord's estate until it is settled, normally by a Will administrator. You should still make your checks payable to the landlord and pay your rent on time. The landlord's administrator will give you further instructions if they change. It could take about a year for this to happen. When a person dies and has a sizable estate, typically of over $100,000, the estate gets into probate, a judicial process by which a will is administered after an ample period of time that is given to creditors to file a claim against the estate and for the administrator to dispute such claims if necessary. Eventually the property is sold or given to an individual. If you are still there as a tenant, instructions will be given for you to make payments to that particular landlord. Alternatively you can hold the money in escrow, but do not spend it.
What are your rights as an heir in the state of IL when your cousin is the agent under a durable POA?
As an heir you have the right to petition to be appointed the executor of the estate if there is a will and no other executor is named, or the administrator of the estate if there is no will. The estate must be probated in order for title to the property to pass to the heirs. You should consult with an attorney who specializes in probate law in your state. A Power of Attorney is extinguished by the death of the principal. Your cousin has no authority over the estate.
Does an executor receive the estate?
The court appoiunted executor has control over the estate in order to pay taxes and debts and distribute the remaining property according to the will. The estate does not become their own property unless they are the sole beneficiary.
For medicaid purposes can a life estate property be transferred to another property without having to start all over?
No.
What does a closing step signify from the perspective of a real estate deal?
The closing step signifies that you are willing to buy the property that the real estate agents are offering. From the perspective of the real estate dealers, you are ready to take over the rights for the property.
