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Unless the "child" is an adult there generally is no estate. If they are an adult the relative nearest to them inherits For instance, my estate would go to my mother since she is my nearest living relative.
The estate does not exist if the person is still living. The executor has no authority until appointed by the court.
I became a grandparent last night. If you have a grandparent living, you are probably going to live to that age yourself.
it will be their estate, nearest living relative and if none of those options are available then the government.
Depends on the state. In New York, second cousins do not take anything via intestacy (this is assuming that you are using the term "second cousin" correctly). In NY if a second cousin is the closest living relative to the decedent, then then entire estate escheats to the State.
Maybe not; the living relative has no authority to take control of an IRA. If there are no beneficiary instructions and no valid will, the IRA will be treated like any other property and be distributed through the probate process.
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
Part of it will depend on the wording on the deed. If it has rights of survivorship, they estate can probably sell it by providing a copy of the other relative's death certificate. Otherwise, they may have to open an estate for the deceased relative so the executor can transfer the title.
The estate will have to go through probate, which means the court will appoint an executor for the estate and the executor will carry out the wishes of the deceased to the best of his abilities. Abiding state and local laws and taxes
Although we tend to think of an estate as being all the property owned by a person at the time of their death, a living estate is all the property owned by a living person.If you are thinking of a life estate see related question link.
Raymond Garfield Dandridge does have living relative . also Dorothy Dandridge has living relatives.
The Bengal tiger is the tiger that is the closest living relative of the Amur tiger.