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The amount of money you receive from your parent's estate is set forth in the will. In some cases a specific bequest is made to each person. In other cases the heirs are treated as a class to "share and share alike". You may be more comfortable with the process if you read a copy of the will and review the inventory of personal and real property that has been filed by the executor. If the will has been filed for probate those documents should be available for your examination at your request. Someone at the probate court could assist you.
What else can I help you with?
What are executor's fees in Florida?
The executor's fees in Florida may vary. However, generally the executor's fees in Florida are around 1.5-3% depending on the amount of money.
Can a child take a loan for a parent?
Yeah but will the child pay back? And will the parent allow to give their child a huge amount of money?
Which is good to buy a house - shall i go for bank loan to buy a house or with my money?
You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.
Can an executor borrow money from the estate?
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
Can executor get money back from out of pocket expense?
The executor can make a claim against the estate for expenses. The probate court will have to approve. The expenses have to be reasonable and normal.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
What are executor's fees in Florida?
The executor's fees in Florida may vary. However, generally the executor's fees in Florida are around 1.5-3% depending on the amount of money.
Can you get child support arrears from estate when parent dies?
You can make a claim against the estate. It is certainly a debt that the executor must take into account when liquidating the estate. The amount of assets will determine if your receive any or all of the money.
Can the executor sell family home for less money?
The executor has the right to sell the property. The amount must be a fair market value.
If you are supposed to receive inheritance money from a will but it doesn' state the age you are supposed to get it do you automatically get it when you turn 18 or does the will holder get to decide w?
When you become an adult, you are entitled to the money. The executor has no choice but to distribute the money.
When your parent die are you entitled to money from the government?
You are not necessarily entitled to money from the government, but you are entitled to the amount of life insurance that you parent or parents are insured for.
How can an executor change an amount authorized?
If you mean how can an executor change an amount of money to be given to a particular beneficiary, the only way is by consent of all beneficiaries who would be affected by the change. And even if everyone consents, there may be situations where even that would be prohibited.
How does Jeopardy! work?
You can wager as much money as you decide up to the amount of you score.
What is the total amount a parent can give towards a child's home purchase.?
There is not set amount of money a parent can give towards a child's home purchase. This is totally individual.
Are executor fees taxable income if the deceased was a family member and the executor was also a beneficary?
There is a distinction between money the executor receives as compensation for administering the estate and money the executor receives as an inheritance. The fees are taxable income, the inheritance is not.
How much money can a parent give to a child if the parent is past 80 and possibly going to nursing home in the future?
There is no limit on the amount of money that your parent can give you. You want to do this before they go to the nursing home because the home will take all of their money.
Can a child take a loan for a parent?
Yeah but will the child pay back? And will the parent allow to give their child a huge amount of money?
