An "heir" is someone who takes by intestacy. That means that if a person dies without leaving a Will, the laws of the decedent's state dictate where the decedent's assets go. If he truly means heirs, you would check the laws of his state. A "beneficiary" is someone who takes under a Will or trust. If that's what he means, you need to ask him to see a copy of the relevant document. That is not always an easy conversation to have . . . .
No. Heirs are not entitled to anything if there is a will that says otherwise.
When a person dies intestate (without a will) and they have no spouse or children, their parents are generally the legal heirs at law. If they left a spouse or children, the parents are generally not heirs. You can check your state laws at the related question link below.
When a person dies and has no heirs or next of kin their property "escheats" to the state.
Heirs are not responsible for any debt. The debt is the responsibility of the estate. If there are not adequate assets, the debtors don't get paid and the heirs will not receive anything.
Any property that a person owns at the time of their death passes to their heirs according to the terms of their will or to their heirs-at-law according to the state laws of intestacy if there is no will. You can check the laws of intestacy for your state at the related question link provided below.
The heir deed is property that is actually divided among the legal heirs of the late person, according to his will.
The heirs must discuss that with the lender.
Reality Check - 1995 Splitting Heirs The Total Picture Trendasaurus was released on: USA: 7 October 1995
If the person who lost the property by foreclosure died within the redemption period their heirs are those persons who would inherit their property in the absence of a will under the state laws of intestacy. You can check the laws in your state at the related question link.If the person who lost the property by foreclosure died within the redemption period their heirs are those persons who would inherit their property in the absence of a will under the state laws of intestacy. You can check the laws in your state at the related question link.If the person who lost the property by foreclosure died within the redemption period their heirs are those persons who would inherit their property in the absence of a will under the state laws of intestacy. You can check the laws in your state at the related question link.If the person who lost the property by foreclosure died within the redemption period their heirs are those persons who would inherit their property in the absence of a will under the state laws of intestacy. You can check the laws in your state at the related question link.
Bob Jones
A decedent's property passes to their heirs according to the provisions in their will or according to the state laws of intestacy if there is no will. An estate that has real property must be probated in order for legal title to pass to the heirs. Once the estate has been probated the heirs are the legal owners of the property. You can check the state laws of intestacy at the related question link provided below.
That will depend on the will of the person in question. If they don't have a will, it will depend on the intestacy laws for the appropriate jurisdiction.