What is the asset requirement used to determine if you need an estate?
If you HAVE assets or DEBTS then you have an estate. An estate is the whole of ones possessions, debts and rights.
An Administrator would need to be appointed by the court and the proceeds of the insurance would pass as intestate property. You should seek the advice of an attorney if that is the only asset of the estate to determine if there is any easier option available in your state. Read More
Not without permission of the probate court. You would need to open an estate and the land would be an asset in that estate. Then the executor would have to inventory all assets, pay all debts and determine the distribution of the remainder. Then the deed could be changed. Read More
To start investing in real estate first of all first you will have to get license later it you can buy or sell real estate asset. Clarification: You do not need a license to invest in real estate. You need to be licensed to be a real estate agent, but to invest you simply need to be able to sign a contract. Read More
that i(owning real estate) s not a requirement. Read More
Can your ex-husband include the house that you were awarded in the divorce as an asset in his bankruptcy?
There are details that must be reviewed to answer your question. You need to contact the attorney who represented you in your divorce to determine if title to the real estate was properly transferred and any mortgage lien was paid off. There are details that must be reviewed to answer your question. You need to contact the attorney who represented you in your divorce to determine if title to the real estate was properly transferred… Read More
It is a part of the estate and is an asset. In some places a vehicle can be transferred through a separate process. Read More
A Colorado real estate license is required if you want to become a real estate agent in Colorado. This is a state requirement. The education you need for a license will cost around $500. Read More
In general, yes, they can. Whether or not a tenant can lease a life estate depends on the terms of the life estate and state laws. You should consult with an attorney if you need to determine if you can lease your life estate property. Read More
If a felon cannot have a real estate license, but a former one can have. As long as they pass all the requirement and mandatory components that they need, they can get their real estate license. It also depends for the state's real estate commission if they will be accepting such cases, for example is on Texas Real Estate License Read More
You need to review your contract to determine how and if you can get your deposit back. Read More
If that is what the executor wishes. The estate is run by the executor. They determine who the attorney is going to be if they need one. The executor can talk to the collection agency on behalf of the estate. Read More
You need to have the situation reviewed by an attorney to determine whose power is superior. You should ask the attorney who is handling the estate. Generally, their powers, duties and responsibilities do not overlap. You need to have the situation reviewed by an attorney to determine whose power is superior. You should ask the attorney who is handling the estate. Generally, their powers, duties and responsibilities do not overlap. You need to have the… Read More
It will depend on specific state laws and whether there are assets that need to go through probate. But in general, it is the contents of the estate that determine the need for probate, not the existence of a will. Read More
You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law. You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law. You… Read More
Why do you need to probate an estate that you are the state appointed guardian as well as the only daughter The estate is only cash with joint ownership on the bank account?
First, you are no longer a guardian since the ward has died. If the only asset is the joint bank account then there are no probate assets and the estate does not need to be probated. If there is any other property that was solely owned by the decedent or if there are any debts then you should consult with an attorney who specializes in probate. Read More
Personal estate gun collection of about 20 guns you need priced where can you go to find the value Most are older and super nice?
Need make models and conditions or descriptions to determine. Read More
If an estate has been closed 42 years and it was discovered that property in the estate exists can that property be transferred to another entity?
If the estate was probated 42 years ago the title to the property would have passed to the heirs. An attorney will need to review the file and determine if the property passed under the will or as intestate property. The estates of any heirs who inherited an interest and died during the interim would need to be probated. An attorney should be able to determine what needs to be done so that you can… Read More
You need to call the assessor's office in that community to determine what that designation means. ungraded Read More
You need to consult with an attorney who specializes in estate planning to discuss your options and the consequences of each under your state laws and federal tax laws. Trusts and estate planning are extremely complex areas of law. Read More
Schools determine their own entrance requirements. Most really want a Bachelor's degree, but some may waive the requirement. Read More
You must review the provisions of your trust to determine if the trustee has the power to sell real estate. If not then you will need to seek a court order. Read More
A life tenants interest in the property is extinguished upon their death. The property is owned in fee by the remaindermen. You would need to review the document (will or deed) that created the life estate to determine who the fee owners are. Read More
No requirement Read More
To determine how much condo insurance you need, you are best advised to insure the contents of your unit, because the association's master policy insures the real estate assets that all owners own in common. You can work with a broker and a copy of the master policy to determine the insurance coverage you want and need. Read More
No. Form 706 is United States Estate (and Generation-Skipping Transfer) Tax Return. You're not required to file Form 706 if the estate's gross income is under the filing requirement for the year of death. The filing requirement is $2 million for 2008 ($3.5 million for 2009). For more information, go to www.irs.gov/formspubs to see Publication 950 (Introduction to Estate and Gift Taxes). Read More
Many organizations require you to be at least 16 years of age. You would need to check with each school individually in order to determine their age requirement. Read More
You cannot obtain a power of attorney since the only person who could grant it is deceased. You need to visit the probate court to determine if you are eligible to petition to be appointed the estate representative. Read More
What happens if your father has passed away with no will and his mothers estate has not been settled yet?
This can become complicated and should be handled by professionals. Someone will need to start the probate of the father's estate immediately, so that debts can be paid (including taxes), and father's remaining assets collected for distribution according to intestacy laws of the local jurisdiction. The grandmother's estate will need to be settled within a short time, to determine if the father's estate has anything coming, not to mention dealing with anyone else who has… Read More
You need to check your state probate code to determine the time period in your state for filing a claim as a creditor. Read More
Did your father have the right to leave a life estate to his second wife if the property is still in his and your deceased mothers name Her will was never probated?
Yes. in many cases it is a requirement of law that the spouse gets a life interest in the property. The property probably became your father's without any need for an estate, as the survivor. Read More
I am the trustee and only living survivor of my deceased mother's estate. What forms do I use to transfer ownership of property in my name?
It depends on the type of asset and the manner in which it currently is titled. Probate is not a "form" practice. You really need an attorney. Read More
what gcse do i need to become an estate agent Read More
We do not have inheritance tax in the United States. We do have Estate Taxes. Estate taxes should be paid by the estate and not by the one who inherited property. Depending on what year the person dies, and what the value of the estate is at the time of death determines whether or not an Estate Tax Return must be filed and if such tax is due. You need to see a tax preparer… Read More
You are combining two separate issues. Executors settle estates. An estate is comprised of all the property owned by the decedent at the time of their death. Trust property is not owned by the decedent and so is not part of the assets of an estate. Trustees manage trusts. You need to review the terms of the trust to determine what must be done with the trust property upon the death of the trustor. You… Read More
Yes but you will need to check the laws of your state. You should call the attorney who filed the estate to determine the status of the objection. Read More
If you are speaking of real property then only a court can make that determination. You need to seek the advice of an attorney who specializes in real estate law. Read More
No. To handle an estate you need letters testamentary from the probate court. No. To handle an estate you need letters testamentary from the probate court. No. To handle an estate you need letters testamentary from the probate court. No. To handle an estate you need letters testamentary from the probate court. Read More
As a trustee to a will how do I arrange a trust fund for young children left money in a will until they are 25 years of age?
You need to consult with an attorney who can review the situation, your needs and the estate and determine what your options are. Read More
The only requirement may be that you produce the cash required to make the purchase. If the association has some restriction, such as an over-55 community, you may need to produce proof of your age. Read More
Asset information forms need to be completed upon death of someone. This is the same for insurance policies, beneficiary designations, deeds for real estate, car titles as well as closely held business documents. Read More
When your dad passed away he deeded the house to you but the girlfriend has a life estate with no restrictions Can she then give her life estate to someone else and if so who is responsible for taxes?
You need to consult with an attorney in you jurisdiction who can research the laws of your state to determine what expenses and responsibilities must be born by the life tenant. The life tenant may be able to assign their interest to another person but the life estate would expire upon the death of the original life tenant. You need to speak with an attorney who specializes in real estate law. Read More
You need to petition the probate court to be appointed the Administrator of the estate. An Administrator is appointed when there is no will and only certain people qualify to be appointed in that office. There are two approaches to selling the real estate. You could request a license to sell the real estate from the court. You could wait until the estate is settled and the heirs-at-law can sell the real estate. However, the… Read More
The interviewer is looking for an anwer surrounding job FIT. FIT can involve different areas: your technical skills match what we need you have transferrable skills that we need (leadership skills) your personality/traits and behaviours you can use examples for any and all of the above. you need to determine of all your skills which ones are most important to this particular company and what ones THEY think will be an asset Read More
Your first step is to review the companies website to determine what their requirements are, especially what they require for start up capital. Then you need to ensure you can meet the financial requirement before you proceed. Read More
an asset Read More
The owner's estate must be probated and you would need to get a deed from the court appointed estate representative. The owner's estate must be probated and you would need to get a deed from the court appointed estate representative. The owner's estate must be probated and you would need to get a deed from the court appointed estate representative. The owner's estate must be probated and you would need to get a deed from… Read More
No. Not as long as the decedent's estate was probated and you are the legal owner now. The deed doesn't need to be changed as long as the probate file shows the estate was properly probated. You do not need to have a new deed drafted and recorded although you can have one drafted by the attorney who handled the estate. If the estate was not probated then you are not the legal owner and… Read More
Who can be appointed the Administrator of an estate is governed by state law. You need to inquire at the probate court to determine if you qualify. If they cannot provide you with that information then you should consult with an attorney who specializes in probate. If you qualify then you must submit a petition to the probate court asking to be appointed the Administrator of the estate. Read More
It is unlikely that there is any land for sale within the boundaries of the park. You need to contact some real estate agencies in that area to determine what land is available near the park. See link below for one agency that advertises such properties. Read More
Consult a probate attorney in your area. In most states, there is an 'express' form if there is no real property involved. But there is also a requirement to allow all of the debtors to make their claims. Read More