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When a house is sold that is in an estate trust does the money from the sale of the house go into the estate?
Wiki User
∙ 16y ago
Of course! The assets of the estate stay in the estate until properly distributed under the terms of the will or intestacy laws. The sale of the house is going to be subject to any mortgage or liens that may be in place.
Wiki User
∙ 16y ago
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Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
Once an estate is closed and the beneficaries are equally deeded the house. Can the exuctrix take money from the sale proceeds to pay other beneficaries not paid before the estate was closed?
if the house is sold can that money be divided before the total estate is closed
Does the money from sale of deceased mother's house go into the estate as income?
Yes, it becomes a part of the estate. It can be used to pay off debts and then be distributed according to the will or the law.
Is money from the sale of property part of the estate?
If the property was part of the estate then the proceeds are also part of the estate.
Does executor have ruling over sale of house in an deceased estate?
Yes, the executor has the authority to manage and oversee the sale of a house in a deceased estate. The executor is responsible for handling the deceased person's assets, including the sale of property, according to the terms of the will or state laws if there is no will. The executor must act in the best interest of the estate and its beneficiaries.
What if your grandfather leaves instructions in his will that a house is to be left to your father then you- and your father sells the house?
Your grandfather's estate must be probated. The will should be reviewed by an attorney who specializes in probate law. Your father's sale of the house may be invalid.Your grandfather's estate must be probated. The will should be reviewed by an attorney who specializes in probate law. Your father's sale of the house may be invalid.Your grandfather's estate must be probated. The will should be reviewed by an attorney who specializes in probate law. Your father's sale of the house may be invalid.Your grandfather's estate must be probated. The will should be reviewed by an attorney who specializes in probate law. Your father's sale of the house may be invalid.
Would the executor write the cheque out from sale of the house?
The executor is responsible for the sale of the house. They have a letter of authority from the probate court. That allows them to write checks and settle the estate.
When you sale a house that's not paid off what share of the money do you get to keep?
Money from buyer - money left to pay - costs related to the sale = your share. If selling the house don't raise enough money, you may still owe some after the sale.
Is the money for a sale of an estate supposed to pay off all outstanding debts?
yes
If a house was transferred to a living trust can it be sold?
You need to check the document that created the trust to find your answer. All the provisions of a trust and the powers of the trustee are set forth in that trust document. It creates a self governing entity. The trustee can only perform the functions set forth in the declaration. If the trustee has the power to sell real estate the trustee can execute a deed that conveys the property to a new owner. If there is no power in the trustee to transfer real estate explicitly recited in the trust document, then you will need to petition a court to issue a license to sell the real estate or reform the trust to include a power of sale.
A real-estate agent earned a commission of 4300 on the sale of an 86000 house. Which statement below identifies a commission that is at the same rate?
A commission of $2,600 on the sale of a $52,000 house.
Is boyfriend entitled to money from sale of house?
Yes
