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The legal definition of an "estate" is , "The degree, quality and extent of a person's ownership of real and/or personal property from absolute (confirmed) ownership to "naked" (unconfirmed ownership). That includes, land and anything attached to it (houses, businesses, other structures), vehicles, farm equipment, machinery, tools of the trade, stocks, bonds, bank accounts, and so on and so forth. The probate laws of the state where the person was a resident at time of death determines what property is subject to probate procedure and the extent to which creditors can place a claim for repayment of debt on any non exempt property.
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Is the daughter of deceased father liable for his debt in Texas?
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
Is the family responible for repaying an overpayment of an annuity to a deceased parent in Texas?
No, but the decedent's estate may be.
How do you transfer the deed of a deceased parents in Texas to the executor of the estate?
The executor now controlling the estate has to do the transfer but if they had an executor, there is probably also a will, attorney, and a beneficiary (ies)
this is in Texas, estate includes a house, is the rent concidered part of the estate?
The estate includes the house. The rental income is treated like dividends and interest - something the estate will have to file as income in the taxes, along with the deceased's last paychecks.
In Texas is the wife of a deceased husband responsible for the husbands debt?
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
Does property and estate automatically transfer to the surviving children if the deceased did not have a will in the state of Texas?
It will depend on who the survivors are. A spouse has rights as well as the children, even without a will.
Does a widow have to pay her spouse's debt in Texas?
In Texas the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.
In Texas if there is no will the home of the deceased with no surviving relatives except two siblings One has passed away Does the sibling who has passed children now have a right to claim?
The Texas intestacy law will be applied. In most cases the estate will be split.
Is a pension considered part of the deceased estate when money is owed to bank?
Only if the beneficiary to the plan is the estate. If the beneficiary is a person and not the estate, the asset passes to the person. It may still be subject to the decedent's debts, however, unless it is exempt such as in Texas. Of course, the bank would have to know about it to pursue collection.
Can I get a real estate license with a felony in texas?
It is difficult to get a real estate license with a felony in Texas.
Is there a time limit for a credit card company to file a claim against an estate in Texas once a public notice has been posted?
A public notice does not, under Texas statutes suffice as adequate notification to creditors. They are to be notified by the executor within four months of the probate filing they then have six months to file a claim against the deceased's estate.
Is surviving wife responsible for medical bills of deceased spouse in the state of Texas?
The estate is responsible for the medical bills. And since the wife is likely to inherit the estate, it sort of seems like the same thing, but there is a subtle difference. You should consult a good probate attorney.
