0
this is in Texas, estate includes a house, is the rent concidered part of the estate?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Where is Sandringham Estate located?
Sandringham Estate is located in Norfolk, England. The estate includes Sandringham House, York Cottage and Appleton House. The estate is comprised of 8000 hectares of land.
Spouse dies with a will that gives to her children. surviving spouse wants to stay in the house. Does he have to sell house in order to pay her children half of the equity or does he get a life estate?
In Texas, the suriving spouse has a life estate and does not have to sell.
What is a large area of land with a large house on it?
a large area of often with a large house on it
What is the average price of real estate in Arlington TX?
The average price of real estate in Arlington Texas will vary depending on the exact location and the size of the house. Generally, real estate is on offer from between $150,000-$1,000,000.
What actors and actresses appeared in Texas Ranch House - 2006?
The cast of Texas Ranch House - 2006 includes: Randy Quaid as Narrator Kathryn Walker as Additional Narration
Why has kaaba been considered a holy place?
The kaaba is holy because it is concidered to be the house of God or Allah.
How can real estate law be helpful when purchasing a house?
Real estate law can be helpful when purchasing a house because it helps to know what the boundaries for your real estate agent are for searching for the perfect house.
Can you sell your interest in a house that is lived in by a person covered under a life estate?
I bet you can, as long as the buyer understands that "your interest" includes the honoring of the life estate. You can sell what's yours, and not what isn't, obviously.
When a house is sold that is in an estate trust does the money from the sale of the house go into the estate?
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.
Where could a person buy a house in Riverstone?
There are many houses for sale in the Riverstone Community of Missouri City in Texas. To browse houses for sale in Riverstone, one must visit the local real estate office in Missouri City, Texas.
Do you have to live in the house you have a lifetime estate to?
No, you do not need to live in the house to have a lifetime estate, but you typically retain the right to live in the house if you choose to do so. A lifetime estate grants you the right to use and enjoy the property during your lifetime.
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.
