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They have no control over things that happened before death. They may be able to bring some of it back into the estate.
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∙ 9y ago
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Do you as beneficiary have the right to ask for bank statements and ask the appointed executor to be accountable for all money coming out of the estate prior to probate?
That is the duty of the executor, to be accountable for all distributions from the estate. They have to answer to the court.
When your mother dies can your brother sue you and your sister for money owed to her before her death?
Yes, if your brother is an heir or the executor of her estate.
Can executor who is beneficiary and power of attorney take money for peronsal use before death of grantor?
No. That would be a breach of their fiduciary duty.
If your the executor of a will and you find the bank account has Pay upon death on it and it is not the executor who pays taxes on that?
I have been the executor of my mothers money, I pay her nursing home bills with it, she just died and i have 200,000 dollars left, do I have to pay tax on that money.
What is the executors year?
The executor's year is the law in which an executor of an estate has a year from the date of death that they don't have to pay out any money to anyone but the taxman and the undertakers.
Can an executor spend money from the estate to alter a house before he releases it to the beneficiaries?
An executor is charged with acting in the best interests of the deceased and adhere to the stipulations of the will. An executor may acquire money from the estate if: 1. there are specific stipulations in the will that the executor is entitled to funds as compensation for their efforts. 2. The executor is a named beneficiary of the will, a situation that often happens with couples.
Can collectors get money from an estate?
If the deceased owed money, debtors can place a claim against the estate. The executor has a duty to notify all debtors of the death of the individual. The assets of the estate must be applied to the debts before anyone can inherit anything.
Can a piece of land be sold by the executor if it is to go to the heirs and does not include the executor?
The executor is responsible to the estate and must find money to pay all debts before distribution. They may sell property if necessary and approved by the court.
Can an executor of will keep the money of a beneficiary to pay a debt he feels the beneficiary is responsible for but with no proof?
Generally no but you haven't included any detail. You can ask the court to review the issue and compel the executor to pay the legacy. The executor can withhold money to pay the debts of the decedent. By law, they must be paid before any distribution to the beneficiary. If the debt in question is on the decedent's credit card the executor must pay it.Generally no but you haven't included any detail. You can ask the court to review the issue and compel the executor to pay the legacy. The executor can withhold money to pay the debts of the decedent. By law, they must be paid before any distribution to the beneficiary. If the debt in question is on the decedent's credit card the executor must pay it.Generally no but you haven't included any detail. You can ask the court to review the issue and compel the executor to pay the legacy. The executor can withhold money to pay the debts of the decedent. By law, they must be paid before any distribution to the beneficiary. If the debt in question is on the decedent's credit card the executor must pay it.Generally no but you haven't included any detail. You can ask the court to review the issue and compel the executor to pay the legacy. The executor can withhold money to pay the debts of the decedent. By law, they must be paid before any distribution to the beneficiary. If the debt in question is on the decedent's credit card the executor must pay it.
How long does the executor of a will have until he has to give you your money?
There is no time frame specified for closing an estate. The executor has to satisfy the court that they have resolved all the debts before doing the final distribution.
What to do when all assets stolen by sibling before estate probated?
The executor or administrator of the estate should sue those people for the wrongful taking of the decedent's money. If the sibling who stole the money is the executor or administrator, you can bring an action in the probate court to have that person removed as executor or administrator and have another person appointed who would sue for the return of the money.
Can i take a death certificate to a bank and retrieve money from the deceases' account?
No. You need proof that you are the executor of the estate.
