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How can a co-executor collect money from the other co-executor who took money from the estate they were not entitled to?
sue. but do you have proof? depends on the situation. both co-executor have a certain amount of control over estate. was the co-executors directed by a living will or some official documentation? some things get too sticky when there is more than one chief and everyones got their hand in the cookie jar. be more specific with a question. if their more than one person on a bank account, is their someone with a power-of-attorney, does it concern a living will, etc.
What else can I help you with?
If an heir of an estate dies who is entitled to that portion of the money?
If an heir of an estate dies who entitled to that portion of the money?
Can your probate attorney collect his money through a probate account if you don't have money to pay him?
The estate is responsible for the fees. So, yes, he can collect his money from the estate.
Can a creditor become an administrator of an estate?
Yes, they can. Often a creditor will file for an estate so they can collect their money.
Can an executor who is also a beneficiary get money from the estate while still in probate?
If the estate contains enough assets to settle all of the debts, they can. Also, the executor is, by law, entitled to be paid for their time. The rate is often set by law and the probate judge has to approve the distribution. If they have properly documented their time, it is reasonable to bill the estate and collect it.
Can the executor get paid for their services?
They don't have to be paid if they don't want to be paid. But they are entitled to be compensated for their time and effort. And the estate won't be closed if there are outstanding debts, including money owed to the executor.
What if you owed your parents money and they die and other children want to collect?
The estate has the right to collect. If there is documentation, they may offset the loan against your inheritance.
How do you collect money owed from the deceased?
You must have written proof of the debt. If you do, you can file a claim against the estate as soon as the estate has been filed in probate.
Can an executor collect money owed to estate after estate is closed?
They have a duty to do so. The estate can be reopened to finish off any new business that arises. This is a big issue in some cases.
Can you collect a debt when the person is deceased and has no assets in the state of Ohio?
You can apply to the estate for your money. If there are no assets in the estate, you aren't going to be successful. Consult an attorney in your jurisdiction for help.
I have a full accounting of the estate funds and the executor took money from the estate how do get this money back from the executor I am a beneficary?
The executor is entitled to be paid for their work. The court has to approve the distribution and the fee they charged, which is often set by law. If the estate has been closed, you can sue the executor if they breached their fiduciary duty.
What happens when the wife is the executor ans she has spent some of her husbands estate?
It would be safe to assume that the wife is entitled to the entire estate. As long as she is not shorting debtors, she can spend some of the estate's money, as long as she is keeping good records.
How do you collect money from an estate when someone is deceased?
To collect money from an estate after someone has passed away, you typically need to go through the probate process. This involves filing the deceased's will with the probate court and having the court appoint an executor or administrator to manage the estate. Once appointed, the executor can collect the estate's assets, pay off debts and taxes, and distribute the remaining funds to beneficiaries as per the will or state law. It's advisable to consult with an attorney for guidance on navigating the probate process and ensuring compliance with legal requirements.
