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Can an heir administrator force the sale of an intestate property and purchase himself at fair the faie market value after offerint the only other heir the same opportunity?
Yes.
Can an heir who is also the administrator force the sale of an intestate property and purchase himself at the fair market value after offering the same opportunity to the only other heir?
Seems like a perfectly legal situation.
Can an heir take out a loan against an estate in probate if the other heirs object?
An heir to an estate that is in probate can receive an "advance" against his or her beneficial interest in the estate. Because the "advance" only affects that heir's share, it can be done without the consent of the other heirs. Most of these transactions are structured as purchase agreements, not interest bearing loans. The advances are also "non-recourse" meaning that if the heir does not inherit enough to pay off the advance, the heir has no legal responsibility to repay it.
What is the other name given for the heir of England?
The heir to the throne of the UK is normally called the Prince of Wales.
What is other term of female heir?
One alternative term for a female heir is "heiress".
Who has to pay the bills of the deceased?
The "estate" or the heir. But the heir's responsibility is limited to the amount of money in the estate. In other words, the heir does not become responsible for all the debts personally as if they were his own. The estate, but not the heir. The heir has no liability for the debt - the debts might only go to reduce the amount the heir might get.
What are Compound words with heir?
Compound words with "heir" include "heirloom," which refers to a valuable object passed down through generations, and "heir apparent," indicating a person who is first in line to inherit a title or position. These terms combine "heir" with other words to convey specific meanings related to inheritance and succession. Other examples are "heirship," referring to the state of being an heir, and "heir-presumptive," which denotes a person who is not the first in line but is expected to inherit if the current heir does not.
Can an heir stop the purchase of property made by a great grandfather who was swindled?
If the great-grandfather is legally and medically competent and in control of his faculties, the fact that one might be an heir to his estate if he were to die does not confer any right to control his actions. Unless he is judged by a court to be incompetent, a heir cannot stop a property purchase simply by reason of being an heir. However, if there is fraud, anyone can raise the issue of legality and try to stop the transfer. If the police and courts agree, they might succeed.
In Pennyslvania can one heir mortgage heir property without other heirs agreement?
A single heir can only mortgage their interest in the property. For example, an heir with three other heirs only owns a 1/4 interest. Most lenders will not loan money on a proportionate interest in real property.
What are my rights if I am a heir and a successor trustee to my mothers estate when the one heir want to quit deed and the other heir want to sell the family property?
quit claim deed prevails
Can someone force the sale of a house left in a Will?
Yes, if one heir wants to sell and the other doesn't, the other must buy out the first heir or that heir can file a petition to sell the property in the probate court. See related question link.
What is the meaning of inheritance?
The act or state of inheriting; as, the inheritance of an estate; the inheritance of mental or physical qualities., That which is or may be inherited; that which is derived by an heir from an ancestor or other person; a heritage; a possession which passes by descent., A permanent or valuable possession or blessing, esp. one received by gift or without purchase; a benefaction., Possession; ownership; acquisition., Transmission and reception by animal or plant generation., A perpetual or continuing right which a man and his heirs have to an estate; an estate which a man has by descent as heir to another, or which he may transmit to another as his heir; an estate derived from an ancestor to an heir in course of law.
