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How much would it cost to open an estate for someone who has died?
Wiki User
∙ 10y ago
How much it would cost to open an estate for someone that has died will depend upon the attorney that you hire. It is very hard to open an estate after someone has died. Estates should be started before a person dies.
Wiki User
∙ 10y ago
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How much does it cost to create an estate for someone who has died?
How much it will cost to create an estate for someone who has died will depend upon the attorney that is hired and how long it will take. It is always much easier to get an estate created before a person has died; it may take years if they have already died.
File income tax for someone who died?
Yes, you have to file income taxes for someone who has passed away. This is normally handled by the estate. There is also estate income taxes that must be files as well.
Does an inheritance after a person's death need to be part of the estate?
Once someone has died, they can longer receive an inheritance.
Would the estate pay back a loan from a loan that was a line of credit on a house that was given to someone else before the person died?
Yes, the estate has to resolve all debts. The property cannot be transferred while subject to a lien from a line of credit.
If an heir passes away before estate settlement what happens to the estate settlement?
If the heir died after the decedent, any property that was inherited by that heir would become part of that heir's estate. The heir's estate would also need to be probated.
What happens if a deceased person did not have a will and the person who is next of kin dies before the estate is settled?
Generally, the probate of the first estate would need to be completed. If the next of kin who died is the only heir and was living when the first person died then that person's estate would need to be probated.
When someone dies in California without a will how is estate distributed?
Distribution will be according to the California intestacy laws. Typically the spouse and children will be the beneficiaries. Siblings and parents would be next in line.
What would happen to an estate if the family that owned it died of bubonic plague?
nothing
Is a child entitled to a per cent of someones estate?
In the United States a minor child is entitled to a portion of a deceased parent's estate. In some states an adult child is entitled to a statutory portion of the estate of a parent who died intestate. Any child who is next-of-kin to someone other than their parent would be entitled to a share of an intestate estate. You would need to be more specific and check your state laws.
Take out equity on life estate?
It is unlikely a lender would advance any money to you on your life estate. If you died the life estate would be extinguished and the lender would have nothing. The most valuable aspect of a life estate is your use of it during your lifetime. Therefore, it's valuable to you but no one else.
Why would someone leave a life estate?
I will assume you mean to ask why a testator would leave a life estate to another person in the testator's will.A testator provides another person with a life estate to make certain that person will not be "put out" by the people who inherit the property. They want to make certain the life estate holder will have the use and possession of a home for the duration of their natural life. It is a way of still taking care of someone you love even after you have died while still preserving the property for your heirs. Upon the death of the life tenant the heirs, or remainders, own the property free and clear of the life estate.
What would you do if someone died?
Mourn
