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How difficult is it to settle a parent's estate when the parent lives in Spain and the heir lives in the USA?
Wiki User
∙ 16y ago
It is impossible to settle the estate of anyone still living, regardless of where they or their "heirs" are living.
Wiki User
∙ 16y ago
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Are children responsible for medical bills of a deceased parent when there is an estate or will?
Children are not responsible for the debts of their parents. The estate must settle the debts. The exception would be if a child signed any paperwork gaurenteeing the medical costs.
Is there a time limit to settle an estate in South Dakota?
There is no specific time limit to settle an estate in South Dakota, but generally, the process can take around six months to a year or longer depending on the complexity of the estate. Executors are expected to settle the estate in a timely manner but may request an extension if necessary.
If parent has no will and no spouse how do you go about settling an estate?
Petition the court to open an estate. You can also petition to be the executor. You will then settle all debts, value the estate, pay the appropriate taxes and distribute the remainder.
How do children handle their deceased parent's properties?
They contact an attorney who specializes in probate law to settle the estate.They contact an attorney who specializes in probate law to settle the estate.They contact an attorney who specializes in probate law to settle the estate.They contact an attorney who specializes in probate law to settle the estate.
If you owe your parents money but mom died and dad is in a nursing home can you just have the money subtracted from your inheritance or must you pay it to the estate now?
The specifics will depend on the executor of the estate. If when the parent's die there are not adequate assets to settle the debts, the loan will probably have to be repaid. If there is enough to cover the debts, the loan can be subtracted from the bequest.
Is there a time limit to settle an estate in CO?
In Colorado, there is no specific time limit set by law to settle an estate. However, the process can vary in duration depending on the complexity of the estate, any disputes that may arise, and other factors. Executors are generally encouraged to complete the probate process in a timely manner.
Are children responsible for medical bills of a deceased parent in Pennsylvania?
For Pennsylvania the estate has the responsibility to settle the medical bills, not the children. Once that is done, the remainder can be distributed.
If the insured owed money to the IRS can the IRS go after the benefits left to a child to repay the deceased parent's debts?
That is one of the purposes of life insurance. The answer however is no, it would come out of the parents estate. If there is no estate than the gov could be SOL. BUT!!! It may behoove a child (depending on age) to settle the tab with all creditors and the IRS on behalf of the parent settling the estate with the insurance money rather than relying on a "fire sale" of the estate, and reaping the benefits of the estate at it's market value rather than a forced sale value....depending on the situation tho... 4lifeguild
How do you legally seize control of all assets of a deceased parent?
You must petition the court to be appointed the executor of the estate if your parent left a will, or the administrator of the estate if there is no will. Once appointed by the court you will have the authority to settle the estate according to the terms of the will, the laws of intestacy and the state probate laws, under the supervision of the court. The debts of the estate must be paid before any property is distributed to heirs. You should consult with an attorney who specializes in probate law. Once appointed, you will be held personally responsible if you do not settle the estate according to state laws. Title to real property cannot pass legally to the heirs unless the estate is duly probated.
How long after a death does the executor have to settle the estate Australia?
Estates do not have time frames. A complex estate can take decades to resolve and settle.
What is the time frame for executrix to settle an estate in Tennessee?
There is no proscribed time frame. It can take years, even decades, to settle a complex estate.
What motion does an heir have to file to settle an estate?
An heir would typically file a petition to settle the estate or a petition for probate in court to begin the process of distributing the assets of the deceased. This initiates the legal proceedings necessary to determine the validity of the will and distribute the assets according to the deceased's wishes or state laws if there is no will.
