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When a person dies intestate the distribution of assets and the payment of debts come under the jurisdiction of the state probate court. Probate laws differ in what property of the estate is exempt from seizure to pay debts. The best option would be for the involved parties to consult an attorney who is knowledgeable in the probate laws of the state where the deceased resided.
What else can I help you with?
What are the duties of plant maintenance department?
1. to check the reports of maintenance at period of time. 2.maintain an equipment cleanly before the breakdowns.
What is hazard insurance and how does it relate to a mortgage?
Hazard insurance is a type of insurance that protects a homeowner against damage to their property caused by specific hazards like fire, theft, or natural disasters. It is often required by mortgage lenders to protect their investment in case of property damage. If a homeowner fails to maintain hazard insurance, the lender may force-place a policy on the property, which can be more expensive.
What does foreclosure of a house mean?
Foreclosure on a house means that the previous owners did not have enough money to pay for their mortgage and therefore could not afford to maintain it properly, so the bank takes ownership of it.
What is a Maintenance Funding Execution Structure MFES set up to do?
A Maintenance Funding Execution Structure (MFES) is designed to ensure that sufficient funds are allocated and managed effectively for the ongoing maintenance of assets or projects. It typically outlines the processes for securing, distributing, and monitoring maintenance funds to support long-term operational efficiency. By establishing clear guidelines and accountability, an MFES helps organizations maintain infrastructure or equipment in a sustainable manner.
What rights and responsibilities do I have as someone who is on the deed but not the mortgage of a property?
As a person on the deed but not the mortgage of a property, you have the right to ownership of the property and the responsibility to maintain it. However, you are not responsible for the mortgage payments unless specified in a separate agreement.
Will insurance company pay to have house painted?
No, That is part of the normal maintenance and care expected of the homeowner. Failure to maintain your home in the condition expected demonstrates a moral hazard of negligence on the part of a homeowner and can result in cancellation or non-renewal of your home insurance policy.
What are some home ownership challenges?
High interest rates, large down payments, upkeep/maintenance, risk (such as the housing market crash), and son on. So long as you maintain a steady income, home ownership is usually the way to go over paying rent.
What is the base word for maintenance?
The base word for maintenance is "maintain."
What is the abstract noun for maintain?
The abstract noun forms of the verb to maintain are maintenance and the gerund, maintaining.
Can insurance company not renew policy because of the siding on home they insured you for 14 years same siding?
Homeowners Diminished Moral HazardYes, If your home has deteriorated due to lack of maintenance or upkeep your Insurer may cancel or not renew your Home Insurance Policy due to what they consider a diminished moral on the part of the homeowner. In layman's terms a "Moral hazard" would translate into a lack of enthusiasm in your home ownership or a diminished will to maintain your home and property.Remember that your Homeowners Insurance Policy is hazard or perils coverage. It is not a home warranty or a maintenance program.
What is a sentence for maintainence?
There is a specific lack of the children's nurses required to maintain standards in acute children's services.
What measures can a homeowner take to maintain a safe water quality on his or her property?
ask your local government
Should a condo HOA paint and maintain exclusive use areas?
If the association owns the exclusive use areas, then the association is responsible for the maintenance and upkeep of those assets. Read your governing documents to determine the areas' ownership.
Will homeowner's insurance cover an overflow toilet?
No. Homeowners insurance does not provide coverage for routine expected plumbing maintenance issues. However, If you have "Accidental Water Discharge" coverage on your policy, then you will be covered for resulting damages from the overflow but not for the actual plumbing repairs needed. If you have damages that resulted from the overflow, once you have made the required plumbing repairs the company will invoke the damage coverage. If you do not make the necessary plumbing repair then the insurance company will not fix the other damages that resulted from it. The reasoning is that if the homeowner refuses to maintain the home, then this is a moral hazard (negligence) on the part of the homeowner and the damages that result from lack of maintenance will be ongoing.
What is the correct spelling of maintenance?
"Maintenance" is the noun form of the verb "to maintain" : to keep in a preferred or ordered state.
Does homeowner insurance pay to remove a tree damaged by a storm that now puts your home in danger?
No, That would be considered part of the homeowners maintenance responsibility. Failure of the home owner to properly maintain the structure and property could indicate negligence or a moral hazard on the part of the homeowner. Negligence can result in denial of an ensuing claim and cancellation or non renewal of the homeowners insurance policy.
What is a waterline easement and how does it impact property ownership and usage?
A waterline easement is a legal right that allows a utility company or government entity to access and maintain water pipes or infrastructure on private property. This can impact property ownership and usage by restricting certain activities on the easement area, such as building structures or planting trees. Owners still retain ownership of the land but must allow access for maintenance and repairs.
