0
Is a separated spouse entitled to proceeds resulting from the sale of real estate by the other spouse in WV?
Wiki User
∙ 13y ago
It depends upon who owns the property. If both names are on the title then each is legally entitled to 50% of the net proceeds.
If the property is in the name of the "other spouse" alone then they have no legal obligation to share the proceeds. Of course, that might change if the couple was in the process of a divorce and the divorce had been filed.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Does the executor of an estate receive payment for carrying out duties to distribute proceeds of an estate in Ontario Canada?
The executor is entitled to compensation for their time and effort. The court will approve the payment at the going rate.
Who is entitled to the insurance proceeds for the total destruction of the property given as a life estate?
The fee owner unless there is some other signed agreement.
What do loan proceeds cover in real estate?
What are loan proceeds
Can a brother contest his sister for selling their parent's house and not sharing the profits with him?
That depends on lots of factors. If she is the executor of the estate , and the house is not explicitly addressed in a will, she can sell it and distribute the proceeds according to the will. You can always contest the actions of the executor. If she was left the house by terms of a will, you are not entitled to any of the proceeds. If you and she were left the house together, then you are entitled to a portion of the proceeds, and to a say in whether or not the house is sold in the first place.
When there is no beneficiary listed on a life policy do the proceeds go to the estate?
Yes. The proceeds will become part of the taxable estate.
Are annuities with named beneficiary considered part of the estate at death And is the executor entitled to a commission on that annuity?
No. When the decedent arranged for an account to pass to a named beneficiary on death the proceeds pass directly to the beneficiary upon the death of the decedent. Those proceeds are not a probate asset and this are not part of the probate estate.For computation of tax purposes, the proceeds are counted in the gross estate. However, most estates in the US do not reach the threshold for paying an estate tax.
Who is entitled to proceeds if all life estate heirs agree to sell property?
If the life estate holders agree to allow the property to be sold then they mush sign the deed and by doing that they will relinquish their life estates. The proceeds from the sale will go to the remaindermen who own the fee interest in the property. In order to encourage the life estate holders to relinquish their life interest the remaindermen may offer a part of the proceeds as an incentive.You should seek the advice of an attorney who can review your situation and explain the options.
If an heir of an estate dies who is entitled to that portion of the money?
If an heir of an estate dies who entitled to that portion of the money?
Is money from the sale of property part of the estate?
If the property was part of the estate then the proceeds are also part of the estate.
Can husband collect life insurance if wife dies unexpectedly?
If the husband was the named beneficiary of the policy, if the policy was in force at the time of death, and if the cause of death was not excluded by the policy, the general answer is "Yes". If the beneficiary was the estate of the wife, the proceeds are paid to the estate. Then, if the husband was a beneficiary of the estate (either by virtue of a Will naming him as beneficiary, or if no Will, through the laws of intestate succession), he may be entitled to all or a part of the insurance proceeds. If the beneficiary of the life insurance policy was someone other than the husband as of the time of the wife's death, proceeds are payable to that person.
Is your spouse entitled to half of your estate?
Typically your spouse will be entitled to at least half the estate, even if the will says otherwise.
Who are the beneficiaries of Merv Griffin's estate?
His son, who is entitled to receive $2 million a year and, if/when the assets are sold is entitled to 60% of the proceeds after payment of any liabilities -- Merv, who was gay, gave did not entrust his son with his beloved 2 dogs ($500000 for their care was given to another individual for their care)
