0
Is a signed note valid when someone dies leaving their estate to a specific person?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If a person files for bankruptcy and then they die can their estate be held responsible for any of their debt?
When a person dies leaving an estate then the first thing to settle from the estate are their debts which they have before the heirs and beneficiaries are given their share of it so whether a bankruptcy order has been petitioned or made or not this is the rule for everyone that dies leaving an estate.
How much does it cost to hire someone to do estate planning in Hollywood?
Lawyers do estate planning, and there isn't a specific rate for each person's estate planning needs, as all people have different needs. This goes for Hollywood or anywhere else in the country.
Who is responsible for deceased brothers debts?
When someone dies leaving debts they must be paid first out of the deceased estate and any monies owed to him collected before the remainder of the estate is divided between the heirs and beneficiaries. If there is not enough money in the estate to settle the debts then they "die" with the person.
What to do if a person dies in Mississippi without a will?
You can open an estate for the deceased. Mississippi has a specific method for the distribution of the estate without a will.
When someone dies leaving no family can a friend deal with the estate?
If the decedent left a will a friend can petition to be appointed the executor if there are no relatives. When there is no will the laws vary from state to state. Each state has a schedule of persons who are qualified to be appointed an administer of an intestate estate. Generally the administrator must be a person who would inherit from the estate, a creditor or a public administrator if there is no other qualified person.
What do you do when someone dies leaving outstanding credit card debt but has no will or trust and no assets?
The creditors will write it off if there are no assets. They cannot come after anyone exept the person with the debt or their estate. If neither exists, they write it off.
What is meaning of plaintiff's intestate?
Plaintiff's intestate refers to a situation in a lawsuit where the plaintiff has passed away without leaving a valid will or estate plan to specify how their assets and affairs should be handled. In such cases, the court may appoint a representative to manage the deceased person's estate and pursue the legal claim on their behalf.
What is the difference between and executor and conservator?
A conservator is appointed by the court to manage the estate of a living person who is incapable of managing their own affairs. An executor is appointed by the court to settle the estate of a person who died leaving a will.
Who is the client in real estate?
The person who is investing in property either buying or selling, is the specific client in real estate. now a days real estate investment has good prospects.
Life estate does your spouse have interest in it?
A life estate is based on a specific person's life. If they are not named in the life estate, they have no interest. They can claim the right to use the life estate as long as the individual is still living.
Who is responsible for paying an estate tax?
A person who inherits goods when someone dies.
Who is responsible for paying estate tax?
A person who inherits goods when someone dies.
