Goes into probate & courts determine disposition.
It means you can have both an apartment or commercial building on the lot. propertydir.com/
If both parties agree that they do not want to pursue the contract for the purchase and sale of real estate they can mutually agree to void the contract.
When both parties sign the buy sell agreement and earnest money is in escrow.
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.
They both decrease.
If both spouses own a home, then any real estate agent who is doing his or her job will not list a home without both spouses signing the listing agreement. Likewise, if both spouses own a home, then both spouses must sign a contract to sell the house.
It depends. If the deceased had a spouse (or if he was in a polygamous marriage) but if he had no descendants, the spouse (or spouses) will inherit the estate. If there are only descendants but no spouses, then it will be they who inherit the estate. In case there are both spouse(s) and descendants, the spouse will receive R125 000 and the balance will go to the children. Also, if there are neither descendants nor spouses, the parents (or one parent and the other descendants of that parent) will split the estate equally.
The estate has primary responsibility. But the debts of a spouse are a benefit to both of them, so both have the responsibility.
The estate is responsible for paying the debts of a decedent. The estate must be probated and the debts must be paid before any assets are distributed to the heirs.
Any owner of real property must sign a deed in order to transfer title to a new owner. If both spouses own it then both spouses must convey it.
yes. yes they do
If both names are listed on the account, YES. If only the deceased spouse was listed they will try to collect. They may try to file a claim against the estate. And if they estate is large enough they will succeed. After all, it is a legal debt and should be re-paid.
Cleopatra had only two spouses and they were both her brothers. The others were side men.
If children are not common to both spouses it means that one of the spouses is not the biological parent. One of the parents is a step-parent. The child was not born to the married couple, but resulted from a previous relationship.
The estate of the spouse is responsible. IF both are on the same checking account then the FULL amount of that checking account can be considered the spouses estate too. Even if the account is closed just prior or just after death, then the amount in the account months prior is still considered a portion of the estate.
The debts are considered to benefit both spouses. They will have a responsibility to resolve them.
Was this property bought before or after marriage? Either way, if you are married and want to sell real estate or a car or such, both spouses have to sign their consent to the transaction. So if your husband sold something behind your back, you might have a case. If it was bought before that, there's room for argument.