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If your spouse leave you executor and benificary will you inherit everything that he owned?
Wiki User
∙ 14y ago
The exector has a duty to execute the will. One of the first things is to value the estate and determine what the debts of the deceased are. Once the debts of the deceased are discharged, the remainder will go to the sole beneficiary.
Wiki User
∙ 14y ago
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If an uncle dies and had no spouse or children but had a large bank account can another uncle be made executor and take everything?
An executor of the estate does not have the right to "take everything". Rather, the executor has the responsibility to execute the will of the person who died. If the deceased had no will and no immediate relatives, it gets more complicated.
Will surving spouse inherit home in deceased name in fl?
That is the normal distribution. If there are others on the deed that may affect things. And a spouse normally has a right to the property for at least a life estate.
If you inherit money from your parents will your spouse be entitled to it in California?
Generally, inherited property is separate property in a community property state.
Will a spouse's bad credit affect your credit in a community property state?
Yes. If you are married and your spouse has bad credit, you inherit that bad credit and depending on the state, you can inherit half the debt if you divorce. * No, debts incurred before marriage do not affect a new spouse's credit report even in CP states. Problems could arise however, if the couple apply for a joint line of credit such as a mortgage.
Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
Can an executor be listed as a beneficiary?
Yes, and they frequently are as in the case of the standard husband and wife will, where each spouse leaves the entire estate to the other spouse and names that spouse the executor.
Does the Executor of the Will need to do anything if the Spouse is left alive?
They need to close the estate. This is much easier when the spouse inherits everything.
Is the last will made before marriage and the executor so named in the will still effective in the state of Texas and what are the rights of surviving spouse with out a will?
In many jurisdictions, a will made prior to marriage is considered void and the intestate laws will be applied. Typically, if there are no issue from the deceased, the spouse will inherit everything. If there are issue, the estate is split between the spouse and the children.
Can wife be executor of will?
Yes. A spouse can be named as executor of a will. A spouse can be appointed by the court if there is no named executor or the named executor cannot serve.
What if the executor is not the legal spouse?
Generally, an executor doesn't need to be the "legal spouse".
Does a living spouse automatically inherit executor duties?
It is not an automatic thing. They have to apply to the court just like anyone else does. It is common for the court to make such an appointment.
If an uncle dies and had no spouse or children but had a large bank account can another uncle be made executor and take everything?
An executor of the estate does not have the right to "take everything". Rather, the executor has the responsibility to execute the will of the person who died. If the deceased had no will and no immediate relatives, it gets more complicated.
Can your spouse be the executor of your Will in Canada?
It is very common for the spouse to be the executor of a will. They can always decline the responsibility and the court will appoint someone else.
Who will inherit if cousin died leaving no spouse or siblings?
If there is no living spouse, the children inherit, after them the siblings. If there is no living spouse, children or siblings, parents inherit, after them first cousins, then second cousins, etc.
Can an ONLY Heir such as Spouse or wife be the Executor of the husband's Will?
It makes a lot of sense to make them the executor. It is very common for the spouse to serve in that capacity.
If dad dies and there is a stepmom who is executor is accounting of estate still required?
There is still a need for an estate. While the current spouse will typically inherit at least half the estate, the children may be entitled to a portion.
Can an executor's spouse insert themselves in executing a will?
Legally they have no standing to do so. Only the executor has the court order allowing them to act on behalf of the estate. The spouse certainly may influence them, but the executor still has to account to the court.
