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May an administratrix of an individuals' estate redeem a Series E Bond that is payable to the decedent OR to the decendant's husband who is also deceased?
An administratrix of an individual's estate may redeem a Series E Bond that is payable to the decedent, as they have the authority to manage the estate's assets. However, if the bond is also payable to the decedent's deceased husband, it may complicate the redemption process. The administratrix would need to establish the legal rights to the bond based on the estate's overall circumstances, potentially requiring additional documentation or legal guidance. It is advisable to consult with a legal professional for specific guidance in such cases.
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What is an administratrix CTA?
An Administatrix CTA is a fiduciary appointed by the Court to manage the estate of a deceased who either (1) left a last will and testament which did not nominate an executor or (2) whose last will and testament did nominante an executor but that nominee is deceased, refuses to serve or, having been previously appointed executor and served, was later removed by the Court. Adminstratrix CTA (female) or Administrator CTA (male) appointments are rare because most wills nominate both an executor and an alternate executor, one of whom generally is alive and willing to serve. The use of the term "Administrarix" in connection with a proceeding involving a Last Will and Testament may also cause some confusion. Typically, when the decedent leaves a will the matter is a "Probate" matter and the fiduciary is called the "Executor." If the decedent dies without a will (i.e. intestate) the proceeding is called an 'Administration" proceeding and the fiduciary is called an "Administratrix." So the term Administratrix CTA literally, Administratrix cum testamento annexo (i.e. with Testament [Will] annexed) is sometimes misunderstood.
Can the administratrix of an estate be held liable for law suits pertaining to the deceased?
The estate of the decedent is responsible for paying the judgment in any lawsuit against the decedent. When notice of the lawsuit has been filed in the estate the Administrator would be responsible for maintaining the assets until the lawsuit has been resolved. No distribution can be made to beneficiaries until the debts of the estate are paid. The Administrator can be held liable if they distribute assets before debts are paid.
Who distributes estate of a deceased person?
The estate of a decedent is distributed by the court appointed fiduciary for the estate. If the decedent made a will the court will appoint an executor. If the decedent had no will the court will appoint an Administrator.
Do you owe your deceased parents bills?
Generally the decedent's estate is responsible for the debts.
What is another word for deceased?
As an adjective; dead, departed. As a noun; decedent.
What is another word for human remains?
Corpse, decedent, deceased.
Are the contents of a house part of an estate when a person is deceased?
Generally yes. If the contents belonged to the decedent then they would be part of the estate. All the contents may not belong to the decedent if the property was rented to the decedent or rented by the decedent to someone else. If another person lived with the decedent some of the propery may belong to that companion.
If there is no estate of deceased family member who is responsible for debt?
Generally, the estate is responsible for paying the debts of the decedent when the debts are in the sole name of the decedent. If there are no assets then the creditors are out of luck.
Can siblings of a deceased person claim death benefits from children of the deceased?
No. In most jurisdictions in the US the siblings would have no standing if the decedent had children as survivors.
What if there is no will or beneficiary on a life insurance policy of the deceased?
The policy proceeds will become part of the decedent's estate.
Is the family responible for repaying an overpayment of an annuity to a deceased parent in Texas?
No, but the decedent's estate may be.
Can a lawyer still bill a deceased person?
Yes, but he is unlikely to get paid. The family of the deceased owes nothing for the decedent's debt load unless they cosigned a loan.
