0
What else can I help you with?
Is an estate accounting required even if assets were held in joint tenancy and spouse is only heir?
If all property was jointly owned then ownership automatically passed to the surviving spouse. There is no need to open an estate proceeding.
How long does a real estate broker keep transaction records in Texas?
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
Is land sold need to be reported on taxes from an estate?
Yes someone is supposed to report the sale of the land from the estate and if pay any income taxes that may be due on the sale of the land from the estate. The trustee or administrator of the estate or the beneficiaries of the estate.
What if you owe debt to an estate?
You must pay the estate unless the testator mentioned the debt in the will and provided that it didn't need to be repaid.
What happens if you die and owe the IRS money?
One of the primary reasons to open an estate is to resolve such issues, including taxes. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
How long after someone dies can bill collector demand money from an Estate in North Carolina?
As long as the estate is still open. And if the debtor wasn't notified, they may be able to re-open the estate.
How long can an estate be open?
There is no upper limit. A complex estate can take decades to close out.
How do I open up an estate account?
To open an estate account, you will need to obtain a tax identification number for the estate from the IRS, gather necessary documentation such as the death certificate and letters of testamentary, and visit a bank to open the account in the name of the estate.
How long after someone dies can bill collector demand money from an Estate in Michigan?
As long as the estate as open. Typically the estate will be closed long before they have hit the statute of limitations on debt.
Does the executor fee continue as long as the estate has property?
Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.
How long can you remain executor?
As long as the estate is still open. There is not specific length of time.
How do I open an estate account?
To open an estate account, you typically need to provide the bank with a copy of the deceased person's death certificate, a copy of the will (if available), and your identification as the executor or administrator of the estate. You may also need to provide a tax identification number for the estate. Contact the bank where you want to open the account for specific requirements and procedures.
how long by law can the estate of my parents who have passed be open.?
It can be open up t a max of six years.
How do you open estate bank account?
When you set up a trust, you need to open an estate bank account for the money. You need to obtain an EIN number from the IRS. Warning - you dont need to pay for this service through other website providers.
When a man dies how long can someone collect debts from the estate?
As long as the estate has assets and is still open. The estate has to pay off the debts. If the estate doesn't have the assets to do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Is it illegal to live in a house with a deceased person's name on the deed?
No. Not as long as the decedent's estate was probated and you are the legal owner now. The deed doesn't need to be changed as long as the probate file shows the estate was properly probated. You do not need to have a new deed drafted and recorded although you can have one drafted by the attorney who handled the estate.If the estate was not probated then you are not the legal owner and you need to rectify that problem.No. Not as long as the decedent's estate was probated and you are the legal owner now. The deed doesn't need to be changed as long as the probate file shows the estate was properly probated. You do not need to have a new deed drafted and recorded although you can have one drafted by the attorney who handled the estate.If the estate was not probated then you are not the legal owner and you need to rectify that problem.No. Not as long as the decedent's estate was probated and you are the legal owner now. The deed doesn't need to be changed as long as the probate file shows the estate was properly probated. You do not need to have a new deed drafted and recorded although you can have one drafted by the attorney who handled the estate.If the estate was not probated then you are not the legal owner and you need to rectify that problem.No. Not as long as the decedent's estate was probated and you are the legal owner now. The deed doesn't need to be changed as long as the probate file shows the estate was properly probated. You do not need to have a new deed drafted and recorded although you can have one drafted by the attorney who handled the estate.If the estate was not probated then you are not the legal owner and you need to rectify that problem.
How to open an estate account?
To open an estate account, you typically need to provide the bank with a copy of the deceased person's death certificate, a copy of the will (if available), and your identification as the executor or administrator of the estate. The bank will guide you through the process of setting up the account and transferring assets into it.
