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In some states a person who receives property when someone dies must pay an?
Wiki User
∙ 11y ago
...inheritance tax.
Wiki User
∙ 11y ago
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If person puts possessions in someone elses name before death but Will states some possessions were to be left to someone else but at time of death the person appears to have nothing what happens?
If a person gives away property while still living then it is not part of their estate at their time of death. The only property that can pass by a will is the property owned by the decedent at the time of death.
Who is entitled to inheritance tax?
Inheritance tax is entitled to the individual that receives either money or property of an estate of a deceased person. However, not all states impose inheritance tax nor would it not be possible to be exempted from it.
What is the liability if someone signs tenant estoppel letter?
An agency relationship may be created by estoppel if someone states incorrectly that another person is their agent. If a third person relies on that (mis)representation in dealing with the "agent", then the "principal" (seller) cannot later deny the existence of an agency. In other words, if a person incorrectly states that another person is their agent in the selling of their property, then they will be bound by that statement.
If you paid the delinquent property taxes on another person's property can you own there property?
Paying the delinquent property taxes on someone else's property does not automatically entitle you to ownership of that property. However, some states have provisions for filing a tax lien against the property if the taxes are not repaid within a certain period, which could potentially lead to ownership rights. It is important to consult with a legal professional for guidance in such situations.
What kind of estate is community property considered?
An estate is all the property a person owns both real and personal. Community property is property acquired by married people in certain states (called community property states). It can be acquired in one parties name or both but if acquired during the marriage it becomes community property that will be divided evenly in the case of a divorce.An estate is all the property a person owns both real and personal. Community property is property acquired by married people in certain states (called community property states). It can be acquired in one parties name or both but if acquired during the marriage it becomes community property that will be divided evenly in the case of a divorce.An estate is all the property a person owns both real and personal. Community property is property acquired by married people in certain states (called community property states). It can be acquired in one parties name or both but if acquired during the marriage it becomes community property that will be divided evenly in the case of a divorce.An estate is all the property a person owns both real and personal. Community property is property acquired by married people in certain states (called community property states). It can be acquired in one parties name or both but if acquired during the marriage it becomes community property that will be divided evenly in the case of a divorce.
Where can a person in the United States find listings of overseas property for sale?
A person from the United States would most likely find listings of overseas property for sale on such websites like smart new homes or homes overseas.
If someone inherits property while married is it considered maritial assets?
Marital property refers to most of the property acquired by spouses during their marriage. However, states vary as to what is considered marital property. Some states exclude inherited property and gifts. You need to check the laws in your jurisdiction.
Can you deed property to your 16 year old son?
No. To legally own property, a person must be at least 18 In some states it is possible to deed property to someone under 18. The method is through a conservatorship. A legal act that must be done according to the laws of the state in which the property is located. The process can be quite complicated and is best undertaken by an attorney who is versant in such matters.
How do you become an owner of a foreclosed place as a squatter?
In most states squatting is illegal. If there is a property that is foreclosed and vacant and someone wants to purchase the property they need to contact the bank that owns the property and put in an offer.
Can you ride a mini motorcycle on grass?
On your property. Otherwise depending on YOUR states' regulations, it can be illegal.
Can a widow claim her in laws property?
Not in the United States unless she was granted the property by will.Not in the United States unless she was granted the property by will.Not in the United States unless she was granted the property by will.Not in the United States unless she was granted the property by will.
There are community states and what other kind?
There are community property states and separate property states.
