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Your heirs are your legal devisees.
Most people write what is called a "last will and testament." The will states who you want to get your property after you die. The heirs of one's estate are entitled to everything in the will.
If one is married, one cannot disinherit one's spouse. In most states, the spouse can choose to take what is left to him or her in the will, or he or she can "take against the will". When the spouse takes against the will, he or she can take 1/3 of the value of all the real property and chattel the couple had.
SHORT ANSWER: If you are looking for the exact term, it is known as the INHERITANCE, or (an 'old-fashioned' word) the BEQUETHMENT.
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Can credit card companies force heirs to sell real estate after a death?
If the credit card company has filed a claim against the estate the debt must be paid before any assets can be distributed to the heirs. In any estate the debts must be paid first. The heirs get any assets that are left after the payment of debts. If the estate doesn't pay the bill the creditor can force the sale of the real estate to collect the debt. If the property is the only asset and the heirs want to keep it then the heirs must pay the credit card bill.
Is probate needed if home value is less than owed to bank?
You would want to go through probate. That will prevent the bank from trying to collect money from the heirs.
How long does a lien last when the lien holder is deceased?
Different types of liens have their own statutes of limitations. The heirs of the deceased would inherit the right to collect the debt if they have proof the money is owed. Be aware that your debt doesn't die with the person to whom you owe money.
Can an Executor of a will collect money from the sale of the deceased's home in South Carolina?
Yes, that is one of the primary functions of the executor, to liquidate indivisible assets so that the proceeds from the estate can be distributed to the heirs.
Can ex-spouse collect deceased husbands insurance if first deceased wife name is still listed as beneficiary?
No, an ex-spouse can't collect a deceased husbands insurance if the first wife is listed as beneficiary even if the fist wife is now deceased. The money will go to the beneficiary's heirs.
When was The Heirs of Columbus created?
The Heirs of Columbus was created in 1991.
Did Samuel de Champlain have any heirs?
Yes, He did have some heirs
When was Heirs to Thievery created?
Heirs to Thievery was created in 2010-01.
When was Heirs of Empire created?
Heirs of Empire was created in 1996-03.
How many different ways to spell Heirs?
Heirs, Hairs, Hares
Why was inheritance tax abolished?
it was hard to collect the tax, so the state followed the feds by repealing the inheritance tax laws and inacting an estate tax. basically the tax was paid by the estate before it was distributed to the heirs
Can creditors collect on a property going to probate court?
Yes. The debts of the decedent must be paid before any assets are distributed to the heirs. An estate that contains real property must be probated in order for title to pass to the heirs legally. There is a statutory period when the probate case is filed during which creditors can file a claim. That period varies from state to state.
