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The estate goes into probate and will be awarded to the state or residency.
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∙ 15y ago
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What happens when money is left in a estate and that person is deceased?
The person would have to be deceased in order for the estate to be distributed. If the person left a Will then the terms of such would apply after any debts and taxes have been paid. If the person died intestate (without a will) the state probate succession laws apply.
How are joint cash management accounts for a married couple after one has died?
If the account was originally set up as joint tenants with the right of survivorship then full ownership passed to the surviving joint owner. A copy of the death certificate should be sent to the company holding the account.
How do you claim assets of a deceased father with no will?
If your father owned any property at the time of his death then his estate must be probated. If he died without a will then his estate is an intestate estate. (See related question link.) You should contact an attorney who specializes in probate if there is considerable property that includes real estate. For very small estates without real estate most probate courts have an expedited process. If that is the case you should inquire at the probate court in your jurisdiction.
What happens if the deceased have a mortgage but don't have a beneficiary?
It's unclear what this question is trying to ask, but I'll take a stab at it. When you said "don't have a beneficiary," it sounds like what you're trying to say is that the deceased died intestate ... that is, without a will. The estate of the deceased will be disposed of according to (local) law for those who die intestate, which generally speaking amounts broadly to "any creditors get their chunks, and then the family gets whatever's left; if there's something left but there is no next of kin, the state takes it." The mortgage (assuming the deceased is the debtor) becomes a liability of the deceased's estate. If the deceased is the creditor, then it becomes an asset of the estate. It will then be handled as any other asset or liability.
If a husband took out a car loan in just his name and died before the loan was paid-Bank won't give any info since name not on car but is threatening to lien home if not paid can they do this?
This is a complicated issue, the action the bank/lender can take depends entirely on state laws. If the loan was in his name only, but the couple resided in a community property state, the surviving spouse may be responsible for the full debt or deficit amount if the vehicle is surrendered. If the couple lived in a non-community property state, the surviving spouse is not responsible for the debt unless she chooses to refinance the vehicle in her name. Whether a lien can be placed on property is also pursuant to state laws and perhaps how the deceased's estate is probated....Macky (macky83@juno.com)
Who did Margaret marry?
In 1956 she married Clifton Daniel.The couple had four sons and no daughters.In 2000 her husband died.
Who did Truman marry?
In 1956 she married Clifton Daniel.The couple had four sons and no daughters.In 2000 her husband died.
Who did Margaret Truman marry?
In 1956 she married Clifton Daniel.The couple had four sons and no daughters.In 2000 her husband died.
What happens to Marry?
Mary Tudor died at the age of 42 of stomach cancer, on 17 November 1558.
What happens to the plants which can not get the material needed for photosynthesis?
its can be died without material in photosynthesis
What happens to the plants which can not get the materials needed for photosynthesis?
its can be died without material in photosynthesis
Are you a bigamist when first husband died?
Biblicaly speaking if you are a widow, then you are free to re-marry without remorse or fear of being judged an adulterer.
Why did Joan of Arc not marry?
When she began to fight for the French she was still quite young and did not live to see the war end and died without marrying.
Who did isis marry after Osiris died?
Isis did not marry after the death of Osiris.
Who did Narcissus marry?
Narcissus didn't marry anybody. He died, and he was in love with himself.
Who did Ankhasenamon marry when King Tutankhamun died?
She was forced to marry the prime minister Ay, who became pharaoh after King Tut died.
Why did catherine of aragon marry henry?
because he liked her hair and shoes. and arthur died too Arthur died is really the answer and he was forced to marry her
