0
Your aunt left CD's in your name the excutor has put the CD's into the estate should you received the full value of the CD or taxes will be taken out?
Wiki User
∙ 18y ago
Unless your aunt instructed in her Will that the CDs were to be left to you then you are at the mercy of the executor. The executor must be accountable for paying any outstanding debts that person may have and any bills. Then after that is done they will have to go through Probate for the Estate so they can determine if all personal/property taxes are paid as well as all creditors being paid. This can take up to 8 months to a year. It may be that is what the Executor is doing and this doesn't mean you won't get the CDs. If that is your aunts wishes and it's stated in the Will or you have a legal document with a date and her signature on it and states the CDs go to you then you have a right to the CDs and the Executor can get into trouble for not complying to the wishes of your aunt's Will. Marcy
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What do you do if you bought a truck and the previous owner died before you received the title?
Contact the executor of the estate of the person who died and ask for the title. You should have never taken possession and paid for the car without receiving the title.
Can a personal representative of an estate who has taken care of the decedent for three years take the share of a beneficiary because of a credit card debt?
A personal representative of an estate has no power until they have been appointed by a court. The court appointed personal representative of an estate has no right to "take" anyone's share for any reason. If there are issues regarding a beneficiary who owes a debt to the estate then the PR should ask the court what action should be taken. The PR is obligated to pay the debts of the decedent and distribute the assets according to the will or according to the laws of intestacy if there is no will. They act under the supervision of the court and will be held personally liable if they mismanage the estate or abuse their authority. They have no right to settle the estate by making their own rules. Each beneficiary must sign a release stating they have received their share and have no further claim against the estate.
What actions should be taken if documentation received is incomplete and or incorrect?
Return it for completion or correction.
What action should be taken if documentation received is incomplete or incorrect?
Return it for completion or correction.
Can the executor of a will receive the sale oroceeds from a residuary estate before the distribution of the estate's assets?
Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.
What Action Should Be Taken If Documentation Received Is Incomplete?
I would suggest a headache pill would be a good start.
Can the estate's lawyer ask family members to return anything that was given to them out of the house in the last two years if it's already out and not in the will?
Sounds like there's a Will and certain items are not in the estate. He can ask. But, the item might have been given (or taken) more than two years ago. If you've recently taken something (and other family members know you have it) you probably should give it back. Maybe you should have a meeting with the others and find out whether they are giving items back to the estate.
Can the IRS take my back taxes out of your son estate if im the executor?
They cannot take money out of the estate for your debts. However, they can place a lien on your inheritance from the estate. When the estate is distributed, your share could be taken.
Can a house in an estate be rented?
The executor can rent the house. They are responsible for making sure the estate stays solvent and the property is taken care of.
What tests need to be taken to get a commercial real estate license?
In order to become a commercial real estate broker, you will need to take and pass the Real Estate License Exam in your state.
What recourse does one have if the person named as executor in a will did not get court appointed before removing property from a home?
You should file a police report immediately naming the person and the property that was taken. Until the executor is appointed by the court they have no authority to take property from the estate or to deal with the estate in any way.The person in possession of the will should submit it for probate and request appointment as executor. The appointed executor could press charges against the person who removed property absent any authority.You should consult with an attorney who specializes in probate immediately.You should file a police report immediately naming the person and the property that was taken. Until the executor is appointed by the court they have no authority to take property from the estate or to deal with the estate in any way.The person in possession of the will should submit it for probate and request appointment as executor. The appointed executor could press charges against the person who removed property absent any authority.You should consult with an attorney who specializes in probate immediately.You should file a police report immediately naming the person and the property that was taken. Until the executor is appointed by the court they have no authority to take property from the estate or to deal with the estate in any way.The person in possession of the will should submit it for probate and request appointment as executor. The appointed executor could press charges against the person who removed property absent any authority.You should consult with an attorney who specializes in probate immediately.You should file a police report immediately naming the person and the property that was taken. Until the executor is appointed by the court they have no authority to take property from the estate or to deal with the estate in any way.The person in possession of the will should submit it for probate and request appointment as executor. The appointed executor could press charges against the person who removed property absent any authority.You should consult with an attorney who specializes in probate immediately.
Did the estate general go with the 3 estate- yes or no?
The Estates general (Etats-Generaux) IS the 3 Estates (Clergy, Nobility, Commons) taken as a whole.
