0
What if the estate has a morage against it and there is a will to divide it and more is owed on it than its worth?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens if the estate and money left in a will of a deceased is in percentage?
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.
How much is a real estate database worth?
Access to meaningful information has been indispensable in driving growth in the real estate sector. Debt summaries, property valuation, tenancy and occupancy analyses to maintenance and utilities reports, every information is valuable and plays a key role in managing a real estate business profitably.
What is the average price of Kissimmee real estate?
The average price of real estate in Kissimmee has varied over the years. In the past five years, at its highest, real estate was estimated to be worth $250k, while in the recent year, it has been as high as $150k.
How much is the euro worth against the pound?
The rate that the Euro is worth against the pound will vary from time to time. as of August 3rd the Euro is worth 1.1511 88 and the Pound is .0868668 so much less then the Euro
What is the major goal when investing in real estate?
Simple... The major goal when investing in real estate is to build up your net worth (wealth) and increase your cash flow. There is a right way and wrong way to do this. The tried and true strategy is buying prudent cash flow real estate in stable or growth markets and hold it for the "long term" -- as opposed to "flipping".
How do you divide an estate when two of three heirs owe money to the estate?
The value of the estate, which includes the debts owed to it as well as the debts the estate owes, is divided up into three parts. The amount those that owe the estate money receive is off-set against the debt. If there are more debts owed by the estate then it is worth, those owing money will have to pay it to the estate.
What is Mr. Westing's estate estimated to be worth?
Mr. Westing's estate is estimated to be worth $200 million.
Do indigents pay death tax?
"Death Tax" refers to an Estate Tax. If your estate is worth $1,500,000 or less the estate is exempt from an estate tax. I assume most indigents don't have an estate that is worth that much.
Buyer is dead what do you do as her kids return The car?
You can bring a lawsuit against the estate, but this might not be worth it. If there is no (or little) economic damage, get the paperwork straight and resell it.
How do you calculate on pro rata basis?
For example: If a person's estate is distributed on a pro rata basis, each claimant in the estate is entitled to that portion of the estate based on the amount of his/her claim. Let's say the estate is currently worth $10,000. You have a claim against the estate for $20,000, and your sister has a claim against the estate for $2,000. There is not enough money to pay either one of you in full. This is where pro rata takes place. You compare your claim to the size of the other claim. Your claim is ten times what your sister's claim is. You will receive ten times whatever she gets, up to the amount that is in the estate. Since the estate is only $10k, you have to divide it by 11 (your share of 10 to her share of 1) 10:1. For every one dollar she gets, you get ten. So the mathematical equation: 10,000/11=909 Each part is worth $909. She only gets one part. You get ten. You will receive $9,090 and your sister will get $909. Just to be fair....I would split the last dollar with her so you each get .50 more.
How much was the Yawkey estate worth?
The Yawkey estate was worth $40 million at the time of Bill Yawkey's death in 1919. He left the entire estate toÊhis adopted son.
What is a sentence with the word estate in the 4th position?
"Admission to the estate is by appointment only." "His late uncle's estate was worth several million dollars."
What is the bond amount for an estate worth 750000?
4000
How do you find what an estate is worth?
That is the responsibilty of the executor. They have to value the estate before they can resolve debts and distribute the remainder.
What is martin luther king estate worth?
Time Warner has reported that Martin Luther King, Jr's estate is worth between $30 to $50 million. The estate takes in about $2 to $5 million dollars per year.
Who has earned more money 2pac or Kurt Cobain?
Kurt Cobain, or rather his estate has a net worth of $100 million; 2pac's estate has a net worth of $40 million.
How much Is the late Brian Jones Estate worth?
Net worth about 6 million dollars
