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Estate procedures will vary from state to state. Some states have simplified procedures depending on the value and nature of the assets involved. In most cases, most people are better off with a living trust to avoide probate all together. However, you should consult with a probate/estate planning attorney familar with the laws of your state.
What else can I help you with?
My present real estate agent is ineffective. Is it difficult to change real estate agents?
First, you need to review the contract that you signed to see what you committed to. As long as you follow the right procedure then you won't have problems in changing your real estate agent.
What is the role of an estate administrator?
The Administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down at law. Such a person is known as the administrator of the estate and will enjoy similar powers to those of an executor under a will. A female administrator is referred to as an administratrix.
Is a lease estate a freehold estate?
No. A lease is a leasehold estate.
What advantages does organized real estate offer that will assist you in?
No haggling with buyers or agents Avoid the frustrating hassles associated with selling your property.Continuously improve your real estate portfolio by donating properties that are idle, lacking a positive cash flow or real property assets that will never reach any useable potential.Advance your Real Estate Portfolio to the next level Develop a Life Estate real estate donation plan.The size of the tax deduction is determined by the current market value of the property, as opposed to the cost of the property when it was purchasedWe make sure you avoid the biggest, most common real estate donation mistakes other investors and corporations have fallen victim to time and time again. We make sure the entire real estate donation procedure is quick, simple and hassle free. Enjoy an Immediate Charitable Tax DeductionFeel great about benefiting many worthy causes and confidently know you are helping those in need.
How do you you challenge the administrator of the estate if you think he is bleeding the estate dry before the beneficiaries are paid?
The best ... and only ... advice we can give here on this is "contact an attorney." The procedure is going to depend on the jurisdiction, and you're almost certainly going to need an attorney before this gets resolved anyway. If the administrator (do you mean executor?) is a family member or friend you might talk to them first; you might be able to resolve this amicably (maybe there are very good reasons for what you perceive from the outside as "bleeding the estate dry"). If not, it's lawyer time.
What is involved in a Small Estate procedure?
A Small Estate procedure typically involves a simplified legal process for settling the estate of a deceased person when the total value of the assets falls below a certain threshold, which varies by jurisdiction. The procedure usually requires the executor or administrator to file a petition with the court, provide a list of assets and debts, and may involve minimal court supervision. Heirs can often claim assets without the need for a full probate process, allowing for quicker distribution. Additional requirements may include notifying creditors and filing tax returns as necessary.
Is leased land exempt from probate procedure?
The contract is an asset of the estate and is going to be subject to the probate procedure.
Will a real estate contract be vaild if the owner dies before closing in Georgia?
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
Can a living estate be probated?
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
Florida life estate laws?
Florida has an excellent procedure for creating a life estate. See the description at the link provided below.
Procedure to set aside a real estate purchase?
That must be accomplished through a court action. A court has the power to set aside a real estate purchase.
How do you sell land that is inherited?
When a person dies owning real estate, their estate must be probated in order for title to the real estate to pass to the heirs legally. The estate must be probated whether the decedent died with or without a will. The property can be sold by the estate during the probate procedure once the debts of the decedent have been satisfied. If the property is not sold by the estate, it becomes the property of the heirs once the probate procedure has been completed. The heir(s) can convey the property by deed, citing the probate case as their source of title.
My present real estate agent is ineffective. Is it difficult to change real estate agents?
First, you need to review the contract that you signed to see what you committed to. As long as you follow the right procedure then you won't have problems in changing your real estate agent.
What happens to credit card debt when a person dies in Florida?
It becomes part of the probate procedure of the deceased's estate.
Who was The Chief Justice who simplified the federal rules of procedure and unified them to handle the growing population and caseload of the twentieth century?
chief justice marshall
Can you spend money out of an estate if a notice to creditors of death was never published?
No, you have to follow the legal procedure before the estate can be settled. If a person uses the money form an estate without going through these procedures they are committing a crime and will be liable for the losses to creditors.
Can the personal representative sell the deceased's house if the estate is still in probate in the state of Michigan?
Yes, if the sale is made according to state law. A court appointed personal representative must sell the property while the estate is "still in probate". After the probate procedure is completed the estate has been distributed and they no longer have any authority.
