It could be MC is being used as a surety. Sureties are used to protect the estate they can be personal or corporate. Either the executor of the estate is required to post a bond (unless the will prohibits it) or the surety option is used.
It is possible to open an estate without an attorney. Most of the forms can be obtained online or at the courthouse.
No. You must be a court appointed fiduciary.
Anyone with an interest in the estate, heirs and those that are debtors of the estate can apply to open an estate.
An executor is obligated to keep heirs informed of court proceedings of an estate. Information should be sent by first class mail or certified return receipt for proof of notification.
Yes, all assets of the deceased account towards their estate.
Nope, has to be deposited to an estate account. You can then go ahead and write a check to yourself from the estate account.... assuming you are the executor and have the authority to do so. Nope, has to be deposited to an estate account. You can then go ahead and write a check to yourself from the estate account.... assuming you are the executor and have the authority to do so.
when can you close my fathers estate account and keep the money.
Whoever is the trustee(s) of the trust for the estate is responsible for the account, including putting money in it.
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
I believe a spouse if entitled to 1/3 of the estate....prevents them from becoming a charge of the state.
My mother and i have a joint savings account my mother passed away does the money in the account become part of the estate
It is a bank account set up for estate business. It requires an EIN from the Federal government for tax purposes.