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Whose financial asset is the life estate the remainder or the life tenant?
Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.
What do real estate asset managers do?
Real estate asset manager is responsible for creating and supervising customized asset management strategies for investment properties owned by the firm.
Can an estate collect a debit?
Certainly, the debt is considered an asset of the estate and must collect it.
Is the executor of an estate finished once the estate is closed?
Once the taxes are paid and the estate closed they are done. Most of the time the court will issue the order closing the estate.
Is life insurance considered an asset in an estate?
Yes, life insurance is considered an asset in an estate because it is included in the total value of the deceased person's assets when calculating their estate's value for inheritance and tax purposes.
Is there a bankruptcy estate if every asset is exempt?
Yes
Is a CD part of the estate?
The value of that CD is an asset unless Payable on Death arrangements were made with the bank when the account was opened. In that case the proceeds do not become an estate asset.
What is a closed estate?
A closed estate would be one where the probate processs has been completed and the assets have been distributed.
What is the asset requirement used to determine if you need an estate?
If you HAVE assets or DEBTS then you have an estate. An estate is the whole of ones possessions, debts and rights.
Can a probated estate be reopened?
If you find an additional asset of the decedent's, you can petition the court to re-open an estate.
What happens to the estate after the estate is closed?
There should be no remaining assets in the estate once it has been closed. All the property should have been distributed according to the Will or according to law.
Can you respond after the estate has been closed?
There is a statutory period of time during which you may respond to notice of the probating of an estate. Once the estate has been probated and closed it is too late.
