if the house is sold can that money be divided before the total estate is closed
Of course not. The lien will have to be paid from the proceeds before they are turned over to you.
If there is a named beneficiary the life insurance proceeds bypass probate and the beneficiary will receive the money. If none is named, the proceeds are paid over to the estate. If the proceeds are paid over to the estate the debts of the decedent must be paid before any assets can be distributed to the heirs.
To receive the proceeds, before others, fom the sale of the secured property.
Equally as monotonous as in the present.
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Both times are equally acceptable.
insurance proceeds are distributed to named beneficiaries In addition an insurance policy of a deceased that does not have a named beneficiary will be included in the probate procedure and the state's probate law of succession will apply.
I would think the sponsors and/or organizers of the race. Out of ticket sale proceeds of course.
The mortgage must be paid off at the closing from the proceeds of the sale.
He must distribute the proceeds as soon as possible after all the debts of the estate have been paid. If he does not act with expediency the heirs can file a complaint and seek a court order,
The proceeds belong to the estate of the beneficiary.
If there is a named beneficiary on the policy the life insurance proceeds bypass probate and the beneficiary will receive the money. If none is named, the proceeds are paid over to the estate. If there is no Will, the proceeds will pass to the heirs at law according to the state laws of intestacy after the debts of the decedent have been paid. If the proceeds are paid over to the estate the debts of the decedent must be paid before any assets can be distributed to the heirs. You can check the laws of intestacy in your state at the related question link provided below.