0
How long does someone have to claim a relatives estate with no will and property is owned in Florida?
Wiki User
∙ 14y ago
An Administration should be filed as soon as possible since the property is in the decedent's estate. Title cannot pass to the heirs at law until the estate is probated. Property taxes and municipal charges will accrue and must be paid to avoid a tax taking.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What happens to a deceased's estate if there's no will?
In most countries the state takes over the estate and distributes it to the deceased's relatives in accordance with the law. If no relatives can be found the estate becomes the property of the state.
Who does property go to if the is no will?
It depends on the country in which you are living, but in general if there is no will then the estate (the property left by the deceased) is administered by the state (the government). The state will try and find out if the deceased has any living relatives. If these come forward to claim the estate the government will pay out the estate to them, if no relatives emerge the government keeps the estate. The will publish a list of unclaimed estates and there are companies who use this to try and trace any relatives, they will then sign these up for a percentage of the estate for lodging their claim to it.United StatesIn the US the property would be distributed according to state laws of intestacy through the probate court. An interested party can petition to be appointed the administrator of the estate. The administrator will have the authority to distribute the property once the debts have been paid. See related question link.
Is there a statute of limitations in Florida on property deeded half to a living person and half to an estate?
There is no 'statute of limitations' regarding property. It sounds like a life estate that will revert to the estate. You should consult an attorney in your state for specifics.
Can an estate sell real estate in Florida or do the individual heirs have to sell it?
The executor has the ability to sell the property. It is subject to court approval. They can also transfer the property to the beneficiaries. In which case they can then sell it.
Can a life estate owner sell the property in Florida?
In the case of a conventional life estate the life estate holder and the remainderman must both execute the deed if they agree to sell the property. See related question link.
How do you show ownership of property when someone else lives on the property?
Ownership of real property is evidenced by a deed or a probated estate.
Can the owner of a life estate in Florida sell or mortgage the property if a remainderman is on the deed?
They can only sell their rights to the property. Which only last as long as they live. No one would accept a mortgage on a life estate.
What is the means of exclusive?
If someone is given exclusive use of the property of the decedent it generally means they have a life estate in the property. A life estate entitles the holder to the use and possession of property for the duration of their natural life.
Can someone who is a life tenant leave the property to a sibling in his Will?
AnswerNo, a life tenant has the use and possession of the property for the duration of their natural life. Upon their death the life estate is extinguished. The property does not become part of their estate.
What is the meaning of exclusive use?
If someone is given exclusive use of the property of the decedent it generally means they have a life estate in the property. A life estate entitles the holder to the use and possession of property for the duration of their natural life.
What if the heirs do not have money to pay probate and the estate is only real estate?
In order to transfer the real estate, they will have to have an estate and someone with authority to sell the property. The executor could take a loan out against the property to resolve the debts or to cover costs until sale.
Can another heir challenge a life estate of someone with alzheimers?
No, you cannot challenge a life estate. It is a right in property. They either have it or they don't.
