You should keep detailed records with copies of checks used to pay the expenses. When the property is sold, the beneficiary's share of the expenses should be deducted from his/her share of the proceeds and that amount should be added to the share of the proceeds distributed to the other beneficiaries.
Intercontinental Real Estate Corporation - SEC registered investment adviser
Initial AUC stands for Asset Under Construction in Real Estate...
Prove that the Real Estate Agent has not completed his/her duties afforded to you in said contract.
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
Assessments may not be tax deductable, depending on the status of the real estate visavis your primary residence. You may be able to reduce the price you pay for the real estate by the amount of unpaid assessments.
A court appointed executor has the power to sell the real estate if the power to sell real estate was granted in the will or by a license of the court. If the beneficiary is the sole beneficiary and the proceeds from the sale of the real estate are not needed to pay debts then the beneficiary may be able to obtain a ruling from the court against the selling of the real estate.
If that beneficiary inherited the property by himself- yes. If that beneficiary inherited the property along with other beneficiaries- no. Remember that the estate must be probated if it includes real estate in order for legal title to pass to the beneficiaries.
Generally a beneficiary can file a disclaimer with the court. State laws vary so you need to check the laws of your state. In some states where real estate is part of the estate assets you need to sign a deed transferring your interest to the other beneficiaries. An example is provided at the link below.
If there are specific items given out, the executor must give it to those individuals. A beneficiary doesn't normally have a claim against the estate. All debts have to be resolved before distribution.
Real property can only be sold by the executor of the estate. A beneficiary is not allowed to sell the property.
Title to property, especially real property, does not pass to the beneficiary until the estate is probated. If your local probate court is very helpful you may be able to handle the probating of the estate yourself. If not then you will need to hire an attorney.
No. The beneficiary who wants to disclaim an inheritance should contact the attorney who is handling the estate for the proper way to waive their rights in the estate. It may be more complicated if real estate is involved.
Generally, interest in jointly owned real and personal property passes automatically to the surviving owner. Joint bank accounts may pass into the estate if they were made joint only for the purpose of convenience.
A will that transfers real property must be probated in order for title to the real estate to pass to the beneficiary legally. The beneficiary doesn't have to arrange to have a deed in their name, the probate is a public record and can be cited as the legal source of title. If the beneficiary wishes to obtain a deed in their own name that can be accomplished after the estate has been probated. It should be done by the attorney who handled the estate. The beneficiary, as the legal owner, would convey the property to a straw. The straw would convey the property back to the beneficiary and the beneficiary would become the record owner of the property in the land records. This transfer should be done under the supervision of an attorney who specializes in real estate and probate law.
The process of digitizing ownership of a real estate property by issuing and managing tokens on a blockchain network is known as real estate tokenization. With fractional ownership, the technique allows multiple investors to hold a share of the property.
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
In the course of the settling of the estate the probate court will require that your brother's share be deposited in an account. If there is real estate that must be sold the court will need to specifically address the fact of the missing brother and will issue a license to the Administrator granting authority to sell. His share of the proceeds will go into that account.You should consult with an attorney who specializes in probate who can review your situation and explain your options.