You need to check your state probate code to determine the time period in your state for filing a claim as a creditor.
As long as they are alive.
Inestate succession [if someone dies without writing a will]: if the deceased has a living spouse but no living children, the estate goes to the spouse. If the deceased has living children but no living spouse, the estate is divided equally between the children. If the spouse and children are alive, the spouse gets half of the estate and the other half is divided equally among the children. If neither the spouse or children are alive, but the deceased's parents are alive, the estate goes to the parents. Testate succession [will determines how estate will be divided]: testator [person making the will] decides how to divide the estate and to whom different parts of the estate will be given. The testator can choose to give all or part of the estate to their spouse, children, or other family members. The testator can make any kind of property distribution they desire. Usually an executor is appointed, and their job is to ensure that the testator's wishes are carried out. If no executor is appointed, the state will appoint an executor. The testator can make any kind of property distribution they desire. Inheritance tax: Kansas doesn't have a general inheritance tax, but it does have a state estate tax. The differences are significant. Old laws in Kansas taxed the person receiving an inheritance. But as of 2010, the tax duty has been imposed on the estate rather than the beneficiary.
Can the remainder of a bare life estate transfers their remainder interest to another person while the life tenant is still alive.
No
Alive and well. He wanted to pass on his money at low to no estate tax rates as he knows what the future holds in USA. Alive and well. He wanted to pass on his money at low to no estate tax rates as he knows what the future holds in USA. Alive and well. He wanted to pass on his money at low to no estate tax rates as he knows what the future holds in USA.
Nothing happens to the life estate. The life estate remains as long as the person who holds it is still living. Any sale is based on the existence of the life estate. However, if the life estate has not vested, as in the life estate was to be left in a will and they haven't died yet, then the life estate is void.
Medicaid can place a lien on your house to recover the costs of long-term care services provided. However, they cannot take your house while you are alive. Upon your death, Medicaid may seek to recover funds from your estate, including the house, depending on state laws.
No....If the home was in a irrevocable or trust life estate and that person died or in the case of the irrevocable trust there still alive and your the benaficairy the trustee can keep you out, but eventually depending on what the terms of the estate are turn the trust or estate over to you. Seek the advice of a probate attorney.
They need to close the estate. This is much easier when the spouse inherits everything.
I don't know; but his estate is probably bringing in millions more than when he was alive.
No it won't. X360 is alive because of it network and services. if it will be free it would be like psn = less services,
Of course they do! Actually, his estate, which "keep him alive" to settle his affairs does.....and any asse of his...that may be the right ot collect money or such from his business, is still valid and collectible by his estate or beneficiaries.