If the relative had a will their property must be distributed according to the provisions of the will. If there was no will the state laws of intestacy dictate who should receive the property as legal next of kin. You can check your state laws at the related question link below.
In either case, the estate should be probated.
In most countries the state takes over the estate and distributes it to the deceased's relatives in accordance with the law. If no relatives can be found the estate becomes the property of the state.
The bank will take possession of the property by foreclosure. If the mortgage is in the deceased parent's name it will not affect anyone's credit.
A bailment is the temporary placement of control over, or possession of Personal Property. A baby is not personal property.
Yes, bank accounts are personal property.
estate
I have paid delinquent taxes and maintenance on my deceased great -grandmother's property for seventeen years. She did not have a will. Can I file an adverse possession for the title on the property, in the state of Texas?
No, only the lawful possession of the property, and not ownership, is transferred.
estate (A+)
estate (A+)
The wedding ring is the property of the person who it was given to. If the deceased wife had it in her possession when she died, then it will form part of her estate and go to her heirs.
Personal Responsiblity
If there is no cash in the estate, other personal property OR real property, the estate is said to be insolvent and the creditors are out of luck. However, the sole debts of the decedent must be paid from any property, real or personal, before that property can be distributed to the heirs.