In fact, this is how most wills are set up. They pay out a percentage of the estate.
For example, if the estate was worth $100,000.00 and a beneficiary was to receive 15% of the estate, they would receive $15,000.00.
Its depend upon brokers, generally a real estate agent receives 10 to 40 percent of buying or selling money.
the members of the third estate had to pay money
there is no minimum age for owning it, as i could be inherited. also for investing money into it, if you are doing everything, i.e dealing with the banks, and paying contractors i would have thought you would have to be at least 18. finally if you have the money to invest in real estate, you can get an adult to invest it for you, and they would take a percentage of your profits.
In most cases, they make a percentage of the sale price (called a commission), and that percentage varies. Usually, both the buyer and the seller have an agent, and both get a commission. If the same agent represents both buyer and seller, he gets a double commission. You should call individual real estate firms to find out how much commission they give their agents.
In some cases, real estate agents are employed by, and paid a salary by, their broker.
In some states the money will go the estate of the deceased winner.
It passes to the deceased's estate upon proof of death.
People who are deceased do not inherit money. Many wills indicate alternate beneficiaries, but if there is no stated alternate, then the courts must rule on what happens to the estate.
The only reason a beneficiary would add money to an estate would be if they owed money to the estate at the death of the deceased.
The estate would need to be reopened and the funds would pass according to the terms of the will or by the laws of intestacy if there was no will. A fiduciary would need to be appointed to represent the estate and distribute the funds.
Yes.Yes.Yes.Yes.
If there is any other property such as real estate then it must be sold to pay the debts. If there are no assets the estate will be deemed insolvent by the court and the creditors are out of luck.
The person would have to be deceased in order for the estate to be distributed. If the person left a Will then the terms of such would apply after any debts and taxes have been paid. If the person died intestate (without a will) the state probate succession laws apply.
Sort of. A creditor can sue the deceased's estate for repayment.
The debts of the deceased are the responsibility of the estate. The estate will resolve the debts before you get any money. Consult a probate attorney in your jurisdiction for help.
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
Any natural heir Anyone named in a valid will Anyone owed money by the estate.