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What percentage of the proceeds is due to the wife when a property is sold?
If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.
Can the IRS seize a jointly owned vehicle?
Yes, the IRS can seize a jointly owned vehicle if one of the co-owners owes taxes. They have the authority to enforce tax collection by levying assets, including jointly owned property.
What if you destroy property during the marriage?
If it is marital property it is jointly owned and either party can do with it what they like. If it was separate property you are liable for the damages.
In pa when the house is owned jointly it is part of the estate?
When property is owned as joint tenants with the right of survivorship the property is NOT part of the estate of the first joint owner to die.
When one spouse has a judgment enter on them can they levy property that is jointly owned by the other spouse?
In Michigan can jointly owned real estate by used to satisfy a judgement against one of the joint owners?
Can a judgment creditor foreclose on property jointly owned if only one person was named on the judgment?
No
Is the beneficiary of a will entitled to a share of the decedent's jointly-owned property?
It depends on what the will states. If the will states that you are the sole beneficiary of all of the decedent's property, you will receive whatever share the decedent owned of the jointly-owned property. The decedent's share of the property will become your share. If there are other beneficiaries and the division of ownership is not specified in the will, the decedent's share of the jointly-owned property will be divided equally amongst the beneficiaries. If the will states a specific division amongst beneficiaries (e.g. 1/2 interest to John Doe, 1/4 interest to Jane Doe and 1/4 interest to Bob Doe), then the decedent's share of the jointly owned property will be divided amongst the beneficiaries accordingly. But, the quick answer to your question is that just because someone else who is still alive has a share of the decedent's property doesn't mean that the entire property reverts to that alive shareholder. The decedent's interest in the property will go to his or her heirs in the same proportion that the decedent owned the property when he or she was alive.
When one spouse dies what happens to jointly owned property?
The surviving spouse becomes the sole owner.
Can I refinance a jointly owned home without the consent or signature of the other person who jointly owns the property and is also on the deed?
You can only encumber your own interest in the property. You cannot affect the co-tenant's interest in the property without their consent.
Can a property lien be placed on jointly owned property in PA?
Yes, but it will only affect the half interest of the co-owner named in the judgment.
Can a husband have access to a jointly owned home after he walked out two years ago?
Theoretically, yes. Unless you filed for legal seperation, then he would have legal access to jointly owned property. You can file a restraining order, however.
Can you build an extra room on joint property without permission of the other owners?
No. You would need the written permission of all the other owners. The other owners may view your construction as damage to the property. You cannot take that liberty with jointly owned property.No. You would need the written permission of all the other owners. The other owners may view your construction as damage to the property. You cannot take that liberty with jointly owned property.No. You would need the written permission of all the other owners. The other owners may view your construction as damage to the property. You cannot take that liberty with jointly owned property.No. You would need the written permission of all the other owners. The other owners may view your construction as damage to the property. You cannot take that liberty with jointly owned property.
