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If the executor asks a lower price for a property than the joint beneficiary wants what are the rights of the beneficiary?
Wiki User
∙ 13y ago
The executor has a duty to the estate to bring the best possible price for the liquidation of the assets. The executor will list the property for what it is worth, not what the beneficiary wants.
Wiki User
∙ 13y ago
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Can a co-independent executor lease a property by themselves?
I am a joint executor of a property that has been left to me and my sister in our mothers will. Are we qualified to rent out this property on lease, without the need to transfer ownership.
What rights does the beneficiary of a joint bank account have when the other joint owner is deceased?
When two individuals have a joint account together and one dies the other is the sole owner of the account. The survivor is not considered a 'beneficiary'. They have all the rights that any account holder would have in any account.
Can you specify in a will that property held as joint tenant with right of survivorship is bequeathed to a beneficiary in the Commonwealth of Virginia?
Absolutely not. Property held as joint tenants passes automatically to the surviving joint tenant. The decedent's interest in the property disappears at the moment of death so there is nothing that can pass to their estate. That is the purpose of "survivorship" in a joint tenancy.
What to do when you discover the executor never told you that you were also named joint beneficiary with the executor to the same estate 14 years ago and is unwilling to give you a share?
Interesting...I would say that you should find out who the lawyer was that handled the estate issues and go after HIM AS WELL.
How do you access deceased parents safe deposit box without will or executor?
You can't unless you were listed at the bank as a joint owner or beneficiary on their accounts. If not you would need to petition the court to be appointed Admministrator of the estates and the appointment would provide you with the authority to access their bank accounts and any other property.
Can you use a Quit Claim Deed to insure someone has title rights ONLY in event of the original owners death?
Yes, if the owner quitclaims to himself and the beneficiary as "joint tenants with right of survivorship." Of course, during the life of the initial owner, he and the beneficiary are joint owners. Otherwise, no, the court frowns upon owners using documents other than wills or trusts to convey property after death.
You had a joint bank account with your mom she died and you were the beneficiary she owes federal taxes legally do you have to pay the taxes my brother was the executor of her will received all assets?
It depends on how the account is held. Generally joint accounts are held JTWRS, Joint Tenants With Rights of Survivorship, this means when one account holder dies, their share of funds automatically passes to the other account holder(s)and is not subject to taxation or probate procedure.
Does a son who has power of attorney for his married mother have rights to her joint property with her husband?
yes
Do joint executors of wills have the same power?
Generally a joint executor would have as much power as any other joint executor, meaning they had BETTER get organized and communicate about what needs to be done and who will be doing it.
What is the difference between a joint account and a beneficiary to a bank account?
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
When mother dies and daughter is on deed as joint tenant with rights of survivorship does daughter have sole rights to property if will says property divided among heirs?
Yes. If you owned the property with your mother as joint tenants with the right of survivorship then sole ownership passed to you when she died. She could not dispose of her interest by will. IF the property is mentioned in her will the gift would be null and void because the property was not part of her estate.
If an executor finds that money was removed from the deceased bank account after death by a relative can you request return of money to pay outstanding debts?
Unless it was a joint account, the executor can do so. If it was a joint account, or one with rights of survivorship, there may not be an option. Consult an attorney in your jurisdiction to find out the specific laws that apply in your state or country.
