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If a parent died without a will and there is only 2 siblings who will get the property or assets?
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Can a parent deed his property without signatures of other siblings?
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
Can a power of attorney be used to take all of a dying parents assets without accounting for it to the legal guardian of other minor siblings?
A POA does not give the agent the right to convert the property to their own use. You should speak to an attorney ASAP because you will most likely need to sue the person who is stealing the parent's assets. You also need to try to prevent further depletion of the parent's assets.
When a parent dies without a will can the adult children take possession of the deceased parent's property and assets in Oklahoma?
In order for the title to the property to pass to the heirs legally, at least one parent's estate (the last to die) must be probated. If there was no will then a member of the family must petition the court to be appointed the administrator. You should consult with an attorney who specializes in probate who can review the situation, determine how your parent's held title to their property and advise you on what legal proceedings must be undertaken.
Who is responsible for a deceased parent's bank loans?
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
If a single parent in Florida dies without a will how do his adult children receive his assets?
His estate must be probated and the property will pass according to the state laws of intestacy. You can check your state laws at the related question link provided below.
Does the person who is named as beneficiary on a life insurance policy have to split the money with their siblings if the benefactor dies without a will in Alabama?
Only the person named as beneficiary on the insurance policy will receive money from that policy. Any other monies or other property in the estate would be divided up between the siblings if the parent died intestate (meaning without a will).
If a parent dies leaving the house to son who sells are the other siblings entitled to the funds of the sale?
No, the property was left to the son. What he does with it is his business.
Are children's assets protected if parent is sued?
As a general rule no. Children are generally not responsible for a living parents debt. Though if you have a joint checking with that parent the money in the account whether yours or there's is subject to being seized as if it was all there's by creditors. Also if you have ever cosigned for a parent you would be subject to repayment of the debt if your parent defaults.
Can a parent who under federal custody property be used to pay back child support?
Liquid assets (bank accounts, etc.) can be seized for unpaid support. Liens can be placed on real property.
Is an estate necessary for an indigent parent?
If by indigent you mean completely without assets, then no, an estate is not necessary. An estate is necessary if a decedent has assets that are to be transferred to another person, whether by will or intestacy. In fact, since a decedent's "estate" consist of his/her assets nd if there are no assets, there is no "estate."
Does one sibling is living with a parent that dies have that sibling more rights than other siblings not living with parent at the time of death?
In general, living arrangements typically do not affect the rights of siblings when a parent dies. The distribution of assets and inheritance is usually determined by the parent's will or state laws, regardless of where the siblings live. Each sibling is entitled to their fair share of the estate according to these established guidelines. Consulting with a probate lawyer can provide specific advice based on the individual circumstances.
Can a minor borrow a parent's airsoft gun to shoot targets on their property?
Don't borrow your parent's stuff without their permisson.
