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If a husband dies first can a trust be left dictating what happens to property jointly owned?
If two people own property jointly the sole ownership automatically passes to the surviving joint owner upon the death of the other. Neither can change that operation of law by their will or by a trust. The surviving owner can devise the property in THEIR will or transfer it to a trust.
What else can I help you with?
My husband was gifted a family business but I paid taxes on it from filing jointly can that make it mariatal property then?
it is your husband's
Can a lawsuit against your husband affect you if you are legally separated?
Yes, if you are a joint defendant or hold jointly owned property.
Is a wife responsible for her husband's debt in Wisconsin?
Yes, Wisconsin is a "marital property" state. This means that both the husband and wife "own" assets AND debt jointly.
When one spouse dies what happens to jointly owned property?
The surviving spouse becomes the sole owner.
What percentage of the proceeds is due to the wife when a property is sold?
If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.
What happens to a previously deed of gift property when the husband dies?
When a husband who received property through a deed of gift dies, the treatment of that property depends on several factors, including the terms of the deed, state laws, and whether the property was jointly owned. If the deed specifies that the property is solely in the husband's name and there are no rights of survivorship, the property may pass to his heirs or be distributed according to his will. If the property was gifted to him as part of a joint ownership arrangement or with survivorship rights, it may automatically transfer to the surviving spouse. Additionally, any debts or claims against the estate could affect the distribution of the property.
Can a husband have access to a jointly owned home after he walked out two years ago?
Theoretically, yes. Unless you filed for legal seperation, then he would have legal access to jointly owned property. You can file a restraining order, however.
What should you do if your husband and you jointly bought a property but he mortgaged it without your knowledge and he is now overseas and the mortgage company wants you to make payments?
you should get a devorce with him!!! i would.
What happens if I write a check from a joint account and find out my husband closed the account?
If the mode of operation of the account is jointly by you and your husband in this case he can not closed the account. If the mode of operation is either or survivor, in this case your husband can close this account and you can not claim anything from bank.
When a judgment is awarded against a man and wife and his company and the husband files bankruptcy on the company but the wife is not a party to the bankruptcy can her wages be garnished?
If both persons were sued and a judgment awarded but only the husband filed bankruptcy and included the debt; the judgment can still be executed against any non-exempt property belonging to the wife and perhaps jointly owned property as well. The legal presumption is that the debt is still owed because it was jointly incurred.
What are the property rights as a wife after the husband dies?
Property rights for a wife after her husband's death typically depend on the jurisdiction and whether the couple had a will or trust in place. In many places, a surviving wife may have rights to a portion of the deceased husband's estate, often referred to as a "spousal share" or "elective share." If the husband died intestate (without a will), state laws usually dictate how the property is distributed, often granting the surviving spouse a significant share. Additionally, any jointly owned property usually transfers directly to the surviving spouse.
What is jointly owned holiday property called?
timeshare
