It will go into the probate process. The assets and debts will be resolved according to the will or the intestacy laws.
Not if there are no assets at all. A will is simply a document that transfers a persons property to other persons after death. If there are no assets to be transferred, then there is nothing for the will to do.
The last surviving owner would have owned the property at death and it would pass to her/his heirs according to their will or the laws of intestacy if they had no will. Their estate would need to be probated in order for title to pass to their heirs legally.
You cannot inherit property from an estate which no longer owns that property.
Absolutely not. A POA does not give the attorney in fact the power to give away the principal's property. A will only becomes operable upon a person's death. It is not "money in the bank" for the beneficiary. The owner of the property may use or need it before she dies. If the scenerio you described took place it would be stealing. If the owner wants you to have their property now they will gift it to you.
It is because when a person dies that property becomes the property of that persons estate, The distribution of which is set out in that persons will or by the law of the land.
If a person gives away property while still living then it is not part of their estate at their time of death. The only property that can pass by a will is the property owned by the decedent at the time of death.
Actually, yes. It is your property and if they get hurt you could get sued... ...That is unless you have a signed liability/injury waiver from their parents.
Your creditors can make claims against your estate if you own any property at the time of your death.
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.
While the property is in probate, there should be no problem. It happens all the time. All I needed was the death certificate and articles of administration.
death
Torts deal with damage to property and persons. Wrongful death is a tort case that can be brought when someone dies because of something someone else did wrong. It is different then criminal law.