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What else can I help you with?
What is a defeasance?
A condition of termination of an estate which automatically brings the estate to an end if the condition is satisfied
What happens when a will is thrown out?
When a will is thrown out, it is deemed invalid, and the decedent's estate will be distributed according to the laws of intestacy in the jurisdiction, which typically means the estate will be divided among the deceased's closest relatives. Any prior valid wills may also be considered, depending on the circumstances. Additionally, if the will was contested or if there are disputes among heirs, it may lead to legal battles and delays in the distribution of assets. Overall, the absence of a valid will can complicate the estate settlement process.
In what year was the Biltmore Estate deemed a National Historic Landmark?
The Biltmore Estate was deemed a National Historic Landmark in 1964. It is a private house in North Carolina and and a major tourist attraction as one of the top rated buildings in America.
When a person dies is their estate automatically placed in probate?
It does not happen automatically. Someone has to file for the probate to be opened.
Is the executor entitled to the whole estate?
That depends on the wording of the will. Being executor does not automatically give you a right to the estate.
In Canada Does the heir automatically receive the proceeds of the estate?
yes
Can a life estate be deemed invalid by concealment of trust amendment and a person reappointing himself sole successor trustee and doing conversion on the safety deposit box and theft of its contents?
You have a complicated question that covers several issues. You should consult with an attorney who can review your situation, examine the proof and explain your options.
What are creditors rights after death of debtor and probate assets are insufficient?
The estate is responsible for payment of debts. If the estate is insufficient it is deemed to be insolvent and the creditor is out of luck.
What occurs if a will is ruled invalid by the courts?
If there was an existing will prior to the one that was declared invalid, then the older will becomes the last will and testament of the testator. The earlier will may then be offered for probate and then challenged as invalid as well. If there is no valid prior last will, then the estate passes by way of the laws of intestacy.
How can a widow keep an estate of deceased when no will was present?
Are you talking about the estate of you and your spouse? If you were married, then the estate will automatically be yours anyway. It would possibly be a different situation if you were divorced or separated.
In NY State is real property not considered part of an estate?
Real property is a part of the estate in every state. It is usually the biggest asset the estate has. However, depending on the ownership of the property, it may not be a part of the estate because it automatically belongs to someone else when they die. If it is owned as 'joint tenants' or 'tenants by the entirety' it will automatically go to the surviving person without entering the estate.
What happens when your parents are deceased and there is no money left in the estate to pay for medical bills?
If there is any other property such as real estate then it must be sold to pay the debts. If there are no assets the estate will be deemed insolvent by the court and the creditors are out of luck.
