How much it would cost to open an estate for someone that has died will depend upon the attorney that you hire. It is very hard to open an estate after someone has died. Estates should be started before a person dies.
How much it will cost to create an estate for someone who has died will depend upon the attorney that is hired and how long it will take. It is always much easier to get an estate created before a person has died; it may take years if they have already died.
Yes, you have to file income taxes for someone who has passed away. This is normally handled by the estate. There is also estate income taxes that must be files as well.
Yes, the estate has to resolve all debts. The property cannot be transferred while subject to a lien from a line of credit.
Once someone has died, they can longer receive an inheritance.
If the heir died after the decedent, any property that was inherited by that heir would become part of that heir's estate. The heir's estate would also need to be probated.
Distribution will be according to the California intestacy laws. Typically the spouse and children will be the beneficiaries. Siblings and parents would be next in line.
Generally, the probate of the first estate would need to be completed. If the next of kin who died is the only heir and was living when the first person died then that person's estate would need to be probated.
In the United States a minor child is entitled to a portion of a deceased parent's estate. In some states an adult child is entitled to a statutory portion of the estate of a parent who died intestate. Any child who is next-of-kin to someone other than their parent would be entitled to a share of an intestate estate. You would need to be more specific and check your state laws.
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It is unlikely a lender would advance any money to you on your life estate. If you died the life estate would be extinguished and the lender would have nothing. The most valuable aspect of a life estate is your use of it during your lifetime. Therefore, it's valuable to you but no one else.
I will assume you mean to ask why a testator would leave a life estate to another person in the testator's will.A testator provides another person with a life estate to make certain that person will not be "put out" by the people who inherit the property. They want to make certain the life estate holder will have the use and possession of a home for the duration of their natural life. It is a way of still taking care of someone you love even after you have died while still preserving the property for your heirs. Upon the death of the life tenant the heirs, or remainders, own the property free and clear of the life estate.
Wills, estates and inheritances are different things - so I am going to answer only what I THINK is being asked here. A will is a legally established document which sets out how a person wants his property, money, etc. distributed after their death. If a person dies without a will it depends on the state they live in as to how that property, money etc. will be distributed. An estate is the property, money, etc. a person has when they die. So a will estalishes who would get the estate. An inheritance is the property, money, etc. a person receives from someone who has died. So an estate and an inheritance are the same thing - just one refers to the person died and the other the person who those things were given to. So to answer the question I believe is being asked - If person Z dies, with a will, which leaves their estate to person X - but person X has died - the inheritance person X was left by person Z would become person X's estate. Which means that person's X's estate would then go to the person or persons, person X has left their estate to in their will. Example: John and Mary had three children. Their will stated their estate was to go to first the other of them who survived and then to all three children equally. John dies - Mary receives everything. Two years later, Mary dies - her children receive all that is left from Mary's estate. However, one of the children died in between John's death and Mary's death. That child left their estate to his wife. So when Mary died, her dead child's wife inherited one third of Mary's estate. MAYBE! If someone named in a will has already passed away, the way the will is written may indicate another outcome. You really will need to consult a probate attorney for your specific jurisdiction.