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The residuary estate is that part of the decedent's estate that remains after all debts, expenses, taxes, and specific bequests have been satisfied. Therefore, you have a half share in anything that is left over.
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∙ 11y ago
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What does pending in real estate mean?
What does option pending mean?
What does option pending mean in real estate?
What does option pending mean?
In real estate what does LOB mean?
It could mean, "Line of Business".
What does bom mean in real estate?
In real estate, the term bom used as the acronym for Back On the Market.
Real estate---- What does the abbreviation 'pchg' mean?
Price change
What does it mean to share a circle?
to break it in half
Can a stepson contest a will?
In general, a stepson may have the legal standing to contest a will if they were a named beneficiary or could reasonably expect to inherit but were excluded from the will. However, the specific laws governing inheritance rights and contesting wills vary by jurisdiction, so it is advisable to consult with a lawyer who is experienced in probate and estate law to explore the stepson's options.
Does residuary distribution mean the actual land and home?
The residual is everything left after the debts of the estate is settled and specific bequests are resolved. It refers to anything that is left after any specific bequests are satisfied. The residue is everything left over that is not specifically listed or named, which could include land and a home.
What does brother mean?
A half-brother (or half-sister) is one with whom you share only one parent, i.e. you have the same mother but different fathers or the same father but different mothers.
What does general allocation percentage mean to a beneficiary?
Depending on the jurisdiction, if we're talking wills, it most likely means the share of an estate going to each beneficiary in a class of beneficiaries.
What does per stirpes mean?
Per stirpes is a legal term that determines how an estate or inheritance is divided among a deceased person's descendants. It means that each branch of the family receives an equal share of the inheritance, with the share of a deceased descendant passing to their own descendants. It ensures that each line of descendants receives a fair share based on their relationship to the deceased.
What happens if the testator dies before signing the Will?
Then you are intestate, and your estate will be handled in accordance with applicable intestacy laws.
What does it mean for two angles to be adjacent?
they share a common side for example take a 90degree angle and split in half into 2 45 degree angles, the 2 angles would be adjacent because they share a side
What does 'commercial real estate analysis and investments' mean?
Commercial analysts treasure the value of a certain house, estate or property. Afterwards companies, who own these real estates speculate that the value will increase and offer shares to customers, who then invest into the company in order to get their fair share eventually.
What does intestate estate mean?
That there was no will.
My mother passed away holding an 8th share of an estate left to my deceased brother and i share and share alike what does this mean?
I hardly think the quote "share and share alike" is stated in a Will drawn up by a lawyer. Since your brother predeceased your mother and providing no one else is listed as Heir in the Estate and there is just you, then you would get the whole Estate (*only if you are in the Will.) If there are outsiders that are also involved in the Estate originally left to your deceased brother which was forwarded onto your mother, then you would get that 1/8th share. Usually the lawyer will read out the Will to those involved (if this hasn't happened then please contact your mother's lawyer) and he will explain what is in the Will. There could be other provisions in this Will and some of your mother's Estate could go to other siblings, relatives or even a church, etc. People are under the misunderstanding that when a parent is deceased they will automatically get the whole of the Estate, but, in some cases, the deceased can leave the entire Estate to a church, cancer fund, ASPCA, and so on. A Will is the explicit instructions of the deceased as their final say to what is being done with the properties and monies they leave behind. Many families are split apart because they don't care for the choice the deceased has made and often feel they were unfair about it all. Basically, the deceased still has the last word, and thus, that's why there are Wills drawn up. Marcy
What does Preston mean in the bible?
It mean Priest Estate.
