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What is the Successor's legal obligation to an estate after last surviving Grantor dies?
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What rights does a surviving spouse in have in Ohio if the deceased had no estate?
If there is no estate, there are no rights or property to be had.
Can the Grantor change the Deed of Trust?
The grantor can change the Deed of Trust if those are the terms of the agreement. If the real estate isn't paid off or it is repossessed the deed will change hands.
Does property and estate automatically transfer to the surviving children if the deceased did not have a will in the state of California?
The estate passes to the heirs at law according to the state laws of intestacy. Generally, if there is no surviving spouse it passes to the children equally. You can check the laws of California at the related question link.The estate passes to the heirs at law according to the state laws of intestacy. Generally, if there is no surviving spouse it passes to the children equally. You can check the laws of California at the related question link.The estate passes to the heirs at law according to the state laws of intestacy. Generally, if there is no surviving spouse it passes to the children equally. You can check the laws of California at the related question link.The estate passes to the heirs at law according to the state laws of intestacy. Generally, if there is no surviving spouse it passes to the children equally. You can check the laws of California at the related question link.
What are Colorado laws on surviving spouse and property?
Surviving spouses in Colorado are entitled to property that was shared with the deceased partner, even if no will explicitly says so. The survivor also has the ability to be named as the personal representative of the estate.
How many years do you have to be married to share in your husbands estate?
From the moment you say "I do" you have a legal interest in your husband's estate. There is no time requirement only that you be legally married. Laws that give rights to the surviving spouse vary from state to state.
Does the estate include assets that are deemed transferred via a grantor trust whereby both the decedent and surviving spouse are the grantors?
No. Assets that were transferred to a valid trust are not included in the estate of the decedent.
What is a grantor?
A Grantor conveys whatever title the Grantor possesses in real estate to a grantee, the buyer. Grantor = seller.
What happens if a power of attorney refuses to show the will?
The power of attorney represents a living person and a living person has no obligation to share or show a will. The power of attorney ends with the death of the grantor and they have no say in the estate.
If you sell it to me then an i the grantee or grantor?
The grantor is the seller and the grantee is the buyer when speaking of real estate transfers.
In state of new york if the surviving spouse is additional user on a credit card of the deceased will the surviving spouse need to pay the debt?
No, an authorized user has no obligation to pay back the debt and the credit card company cannot make you pay the debt. They can request payment from the estate if there is an estate left.
Can a life estate owner leave the property by will prior to the death of the grantor?
No. The grantee of a life estate cannot leave the life estate in a will because a life tenant doesn't own the property, only the right to use it during their life. The life estate ends when the life estate owner dies. That's why it is called an estate for life. After the death of the life tenant there is nothing left to devise by a Will.Sometimes the owner of land simply grants a life estate to another party. In that case the grantor still owns the property subject to the life estate. When the life tenant dies the life estate is ended and the grantor still owns the property. In other cases the owner transfers the property in fee to new owners but reserves a life estate to herself or some other person. In that case the property is no longer owned by that grantor at the time of the grantor's death and so does not become part of the estate. In that respect, a life estate deed is an estate planning tool.
Can a life estate be cancelled by the grantor in Wisconsin?
Not once it has been granted. The holder of the life estate would have to sign it over.
What rights does a surviving spouse in have in Ohio if the deceased had no estate?
If there is no estate, there are no rights or property to be had.
Does power of attorney also takes care of estate on items to be sold?
The power of attorney ends with the death of the grantor. The executor handles the estate.
Can a life estate be cancelled by the granter in Florida?
No. A life estate must be released by the life tenant unless the grantor reserved the right to revoke it.
Is a house lien still active when the owner dies?
A lien does not go away with the death. It remains against the estate of the deceased. The debtors will likely file their claim with the estate and make sure they get their money one way or another.
Can the Grantor change the Deed of Trust?
The grantor can change the Deed of Trust if those are the terms of the agreement. If the real estate isn't paid off or it is repossessed the deed will change hands.
