Estate procedures will vary from state to state. Some states have simplified procedures depending on the value and nature of the assets involved. In most cases, most people are better off with a living trust to avoide probate all together. However, you should consult with a probate/estate planning attorney familar with the laws of your state.
First, you need to review the contract that you signed to see what you committed to. As long as you follow the right procedure then you won't have problems in changing your real estate agent.
The Administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down at law. Such a person is known as the administrator of the estate and will enjoy similar powers to those of an executor under a will. A female administrator is referred to as an administratrix.
No. A lease is a leasehold estate.
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can executive of an estate do whatever she can?
The contract is an asset of the estate and is going to be subject to the probate procedure.
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
Florida has an excellent procedure for creating a life estate. See the description at the link provided below.
That must be accomplished through a court action. A court has the power to set aside a real estate purchase.
When a person dies owning real estate, their estate must be probated in order for title to the real estate to pass to the heirs legally. The estate must be probated whether the decedent died with or without a will. The property can be sold by the estate during the probate procedure once the debts of the decedent have been satisfied. If the property is not sold by the estate, it becomes the property of the heirs once the probate procedure has been completed. The heir(s) can convey the property by deed, citing the probate case as their source of title.
First, you need to review the contract that you signed to see what you committed to. As long as you follow the right procedure then you won't have problems in changing your real estate agent.
It becomes part of the probate procedure of the deceased's estate.
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No, you have to follow the legal procedure before the estate can be settled. If a person uses the money form an estate without going through these procedures they are committing a crime and will be liable for the losses to creditors.
Yes, if the sale is made according to state law. A court appointed personal representative must sell the property while the estate is "still in probate". After the probate procedure is completed the estate has been distributed and they no longer have any authority.
Yes. A decedent's estate is responsible for the debts of the decedent.