0
Would it be a mistake or a good idea for parents to give property to children while the parents are still alive?
Wiki User
∙ 9y ago
It depends on the circumstances. There is no single correct answer to such questions
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Can parents disown their children for refusal to serve in the military?
Yes, but it would be a terrible mistake, because the military is NOT for everyone.
Do children have rights to parents property when one of them is still alive?
In most cases, children do not have an automatic right to their parents' property while the parents are still alive. Parents have the right to decide how they want to distribute their property during their lifetime. Children may have inheritance rights when a parent passes away depending on the laws of the specific jurisdiction.
Are children responsible for maintaining deceased parents property?
If they inherited the property then they have a stack in the property and responsibility to uphold the standards of the community;Howerver, if they are not the property owners and have no interest in the property then, I would say they should not be held responsible.
Is there an easy way to explain what a life estate is?
A life estate is the right to the possession, use and income from a property for the duration of one's natural life. For example, an elderly couple who owns a home could convey the property in fee, by deed, to their adult children. In the deed they could reserve a life estate for each of them. By doing so they could continue to live in the property for the rest of their natural lives and upon their deaths the property would be owned free and clear by their children. While the parents are still alive, although their children are the owners of the property, the children would need the parents' signatures to sell or mortgage the property.
If you inherited land from your parents and it started out with 10 children but three have died do the children of the ones that died inherit the deceased brother or sister's portion of the land?
It will depend on how the land was divided in the original inheritence. If it was left to the ten children as tenants in common, each of them have equal rights in the property. On one of their deaths, their share in the property would go into their estate and then to their heirs. In this case, it would go to the children of the deceased. If they were joint tenants, the last of the ten children to survive would get full title to the property and the children of the original inheritor would get nothing.
Do children's money and property belong to the parents?
It will depend on the specific jurisdiction. If the child was a minor, yes, the parents get the property. If they were an adult, their spouse and children would get it. And the will trumps any intestacy laws.
How do you correct the grammar mistake in the sentence Miller wrote that American parents want their children to sleep on their own beds as soon as possible?
It should be 'in their own beds' I would have thought.
Are children considered property?
No, children are not considered property. Children are human beings with their own rights and autonomy. Parents and guardians have a responsibility to care for and protect children, but they do not own them.
How does not having parents affect children?
the children would miss their parents or they could be homeless on the streets
If both parents die without a will and left 3 children who owns the property?
If there was a mortgage the bank does, otherwise the 3 children, unless the bank will work with them. Check mortgage docs just in case it was specificied in them who would get it.
If brother has no will when he passes what happens?
When a person dies without a will then his property passes according to the state laws of intestacy. Generally, if your brother had a surviving spouse and/or children they would be first in line to inherit. If none then parents would be next. If none then his property would be shared by his siblings and/or the children of any deceased siblings. You can check your state laws at the link below.
Can a mother make a claim on her adult child's property if she has contributed to it financially as a gift?
No. A gift doesn't give her rights in the property.If the adult child dies her spouse and children will be her legal heirs at law. Her parents would be her legal heirs only if she had no spouse or children or will.No. A gift doesn't give her rights in the property.If the adult child dies her spouse and children will be her legal heirs at law. Her parents would be her legal heirs only if she had no spouse or children or will.No. A gift doesn't give her rights in the property.If the adult child dies her spouse and children will be her legal heirs at law. Her parents would be her legal heirs only if she had no spouse or children or will.No. A gift doesn't give her rights in the property.If the adult child dies her spouse and children will be her legal heirs at law. Her parents would be her legal heirs only if she had no spouse or children or will.
