You need to check your state laws of intestacy. You can check your state at the related question link below.
A devisee is a person who receives a gift of real property by a Will.A devisee is a person who receives a gift of real property by a Will.A devisee is a person who receives a gift of real property by a Will.A devisee is a person who receives a gift of real property by a Will.
The laws of intestacy in Louisiana are unique. If you die without a will in Louisiana the laws of intestacy will distribute your property to your spouse and children. The division of the property depends on whether the property is separate property or community property. Community property is property that was acquired by a married couple during their marriage. Separate property is property that was inherited, owned before marriage, or gifts. Generally, the spouse receives no separate property. It passes to your children or grandchildren. The surviving spouse receives none of the decedent's share of the community property if the couple has children. Your community property will go first to your children. If you do not have children, your spouse will receive your community property. This comment addresses spouse and children only. For the full picture of intestacy in Louisiana an internet search will provide numerous articles and sites that discuss the details.
Generally the hospital will turn over any belongings to a spouse or a blood relative. If the estate goes through probate the items will have to be accounted for.
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
You need to check your particular state laws. In a community property state each spouse owns a one-half share of the marital property. In some states a spouse can dispose of their interest by their will to someone other than their surviving spouse.Upon the death of one spouse state laws vary on intestate (without a will) inheritance. In some, the surviving spouse inherits their deceased spouse's share if there are children of the marriage. In some the surviving spouse receives only a half of that share if there are children by a former marriage. In Louisiana the share of a deceased spouse in community property passes to their estate if they had children but the surviving spouse can use the property until death or remarriage. If the deceased had no children the community property passes to the surviving spouse.People who own property in a community property state should consult with an attorney about estate planning. If you are a surviving child then you should consult with an attorney who specializes in probate law.
No. Walmart receives exemptions from paying property taxes from the localities in which they build stores. This is called tax abatement. Because of this local school districts are short changed the money they need to educate children.
If your dad transfers his property to his children they will become the new owners. If he wants to sell the property they need to sign the deed. There is a look back period in the United States during which the government will consider it his property if he receives certain government entitlements such as medicaid. That period is approximately five years. In that case it can place a lien on the property for repayment. You should consult with an attorney who specializes in elder issues.
...inheritance tax.
Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.
Yes, if the lender sues the debtor and receives a judgment award, the judgment can be executed against personal or real property owned by the judgment debtor.
Generally, yes.
Insurable interest is when a person receives a financial or other type of benefit from the continuous existence of the object that is insured. When dealing with property a person is entitled to insurable interest of the property up to the value of the property but not over the value of the property.