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How isInherited property by 5 siblings one sibling has liens that will be more than her proceeds from her portion of the sale of the property how is that handled in South Dakota?
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If an executor is named in a Virginia will but it has no provisions for property disposal how is the property distributed?
The debts and assets of the estate will be handled in accordance with state probate laws.
What would happen if hazardous materials were not handled correctly?
If hazardous materials are not properly handled, people can be hurt or killed, property could be damaged or destroyed, the environment could be degraded.
What if the beneficiary of a life insurance is deceased and no contingent beneficiary is named?
In the case where no beneficiaries are living when the insured dies then the proceeds of the policy will be paid to the estate of the insured and handled in the manner according to state law. If the insured had a will then that will specify where proceeds go and if no will is found state law will specify. If the insured had a very large estate then some of the proceeds may be subject to estate taxes as they become part of the estate.
How do you collect expenses from siblings after sale of inherited house?
The estate of the owner must be probated in order for title to the real estate to pass to the heirs, or, for an estate representative to convey legal title to any buyer. When the estate is probated the court will appoint an Executor if there is a will or an Administrator if there is no will. The court will issue Letters Testamentary or Letters of Administration. Those letters give the estate representative the authority to settle the estate according to the provisions in the will or/and the state probate laws, under the supervision of the court. The debts of the estate must be paid before any property or proceeds from a sale can be distributed to the heirs. In the case of an Executor, the real estate can be sold only if that power was granted in the will or by a license issued by the court. An Administrator must obtain a license to sell from the court. Since the estate representative has the power and authority to sell the real estate, and the authority over the estate, there should be no question regarding how to 'collect expenses' after the sale of the property. The expenses should be deducted before the proceeds are distributed. If the Executor or Administrator has distributed the proceeds prematurely, they must get funds back to pay the expenses or they will be personally responsible for paying those expenses due to their mishandling of the estate. Remember, the debts of the estate must, by law, be paid before any property can be distributed. If the house was sold by the heirs after the estate had been settled in probate, the proceeds should not have been distributed by the sibling who represented the family in the sale until the expenses were deducted. The person who handled the sale will be held personally responsible for paying the expenses incurred by the sale and they may have to sue their siblings for reimbursement.
Where do you check your lease access forms?
You can check your lease access forms wherever you have your property handled through. The Realtor should have a record of everything you need that involves the property.
What is an estate sale of real estate?
An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.
How do you transfer a propety into my name?
Ownership of property is transferred by a deed or by a probate proceeding. The present owner of the property must execute a deed that names you as the grantee. If you inherited the property you should consult with the attorney who handled the estate if you want the property transferred to you by a deed.
What happens when the son of the deceased gets nothing because of no will?
When there is no will, Probate Court handles the disposition of the deceased's property. I would think a son has a legitimate claim to some of the property unless there are some unusual circumstances. Contact Probate Court and ask how the estate was handled, or is being handled. There should be a way for you to present your case.
How is personal property from a first marriage handled if it is not mentioned in the will as to it's disposition?
Any property not mentioned in the will is distributed as intestate property under the provisions of the state laws of intestacy. You can check the laws of your state at the related question link provided below.
Do you have to pay taxes if you sell a house and property you inherited in Oklahoma?
Actually inheritance (if any) taxes were handled when you received the property. That point in time establishes your basis in owning the property. What you sell it for above that value essentially decides what your taxable gain will be.
What are the dictionary definitions and difference between 'a slaver' and 'slavery'?
A slaver is someone who enslaves people while slavery is the system where people are handled as property.
How far does a fence have to be from property line in Montgomery county pa?
That issue is handled locally. You need to call your town offices.
