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How do you settle a personal guarantee on a commercial real estate loan gone bad?
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∙ 14y ago
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∙ 14y ago
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Is there a time limit the executor must disperse funds from an estate?
There is no time limit to settle an estate. It can be very complicated and take many years to resolve and settle.
What debts will be the responsibility of the heirs to your estate?
None of the debts are the responsibility of the heirs. The debts are the responsibility of the estate. The executor must settle all, or as many as possible based on the assets of the estate, before they can distribute any of the the estate to the heirs.
How long does it take to get the money that has been left to you in a will?
There are many factors involved in distibuting an estate. The larger the estate, the longer it can take to settle debts and distribute assets. The shortest period of time is normally about 9 months. It can take decades for a really big estate.
Estate insolvent cannot pay credit card debt affect on heir's credit history or tier score?
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
How do you get the money your parents willed to you?
First the will must be filed for probate and an executor must be appointed. After the payment of the debts of the estate the executor must make distribution of the remaining estate according to the provisions in the will and the state probate laws. The executor acts under the supervision of the court and must settle the estate with expediency.
Can a personal representative of an estate contest payment to other siblings?
No. The court appointed estate representative must settle the estate according to the provisions in the will or the state laws of intestacy if there is no will. They have no personal discretion to dole out the assets unless that right is specifically granted in the will.
What is included in house contents in a will?
Unless specifically called out, the contents are personal property. They will be a part of the estate and go to the remainderman if they are not sold to settle debts.
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.
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.
What sell first the real or personal to settle estate debts?
The executor makes the call. They have to get the approval of the court to sell real property, so personal property is easier. Consult a probate attorney in your area for assistance.
How long does my sister administrator have to settle my Dad's estate?
There is no mandated time frame. She has to settle the estate, including the debts and inventory of assets, as well as taxes.
Is there a time limit for settling an estate in Ohio?
No, there is no limit to settle an estate. It can take many years for a complex estate.
Are Letters Testamentary the same as a Grant of Probate?
Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.
Is there a time limit the executor must disperse funds from an estate?
There is no time limit to settle an estate. It can be very complicated and take many years to resolve and settle.
How difficult is it to settle a parent's estate when the parent lives in Spain and the heir lives in the USA?
It is impossible to settle the estate of anyone still living, regardless of where they or their "heirs" are living.
How long after the death of a loved on does the executor hate to settle the estate in the state of pa?
There is no time limit to settle an estate. In some cases a very large estate can take decades to resolve and there may be trusts involved as well.
