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What else can I help you with?
Can banks take money that has been left to you in a will?
Under some circumstances, yes. Consider this: your great-uncle has exactly $1000 to his name. He dies and leaves all his money to you in his will. He also has a credit card, on which he owes $1000. The bank is legally entitled to take the $1000 to pay off his debt, even though he left it to you. The debts of the estate must be settled before any bequests can be disbursed.
What if a person dies before paying off a school loan?
The estate pays the debt
Who would pay the loan if the borrower dies and there is no co signer?
Unless there is insurance to pay the loan the estate of the deceased will pay it. If there is no estate, the lender is out of luck.
Is the husband's signature needed to draw money from the wife's retirement pension plan?
If it is a defined pension plan where you get a monthly amount no. But the spouse is entitled to half of it or more when the prinary person of the plan dies. Unless they signed offon the pension survivor benefits.
What happens to the estate of a parent who dies and leaves a lot of debt?
Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
When the parent dies and has been estranged from his children for twenty-five years are they entitled to his estate?
They may be entitled to a portion of his estate under the state laws of intestacy. You can check your state laws at the related question link below.
If dad dies and there is a stepmom who is executor is accounting of estate still required?
There is still a need for an estate. While the current spouse will typically inherit at least half the estate, the children may be entitled to a portion.
If an unmarried son dies with no will who is the inheritor of the estate and responsible for the estate?
The parents are entitled to the estate if there are no descendants and no spouse. the court will appoint an administrator if there is no will. The intestacy laws vary some between states, so check the laws for your state. In some siblings may be entitled to some portion of the estate. Consult an attorney for more specifics.
If husband dies without a will is wife entitled to the estate?
This depends on the particular state that you live in. This is called the law of intestate succession, and a person that dies without a will is said to have died intestate. It is strictly a matter of state law. However, in virtually all of the states, if the spouse dies without a will, the wife is entitled to a significant portion of the estate, and the rest is then distributed to the children or the siblings, as the case may be.
Who inherits in Tennessee when husband dies and house was in both names. he has two grown children by another marriage?
The spouse gets the home. The children are not entitled to a portion of the home. They are not required to get anything from the estate.
What is a spouse entitled to if their spouse dies without a will in NY?
I believe a spouse if entitled to 1/3 of the estate....prevents them from becoming a charge of the state.
Is biological son entitled to a share of fathers estate when there is no will in the state of Colorado?
You can check your state laws of intestacy at the link provided below. Choose your state then click on "Read the text". Generally in Colorado the distribution of an intestate estate with a surviving spouse and children depends on whether the surviving children are also the children of the surviving spouse.
If your nan dies and your mom is dead are you entitled to her share of the inheritance through probate?
That will depend on what the will says. If there was no will, it will be based on the state's laws of intestacy. There is a good chance you will be entitled to a share of the estate.
In NJ your mother dies you inherit the house does your stepfather have the right to stay there and for how long?
Your mother's estate must be probated in order for title to the real estate to pass to the heirs. In New Jersey a spouse cannot be disinherited. Your mother's husband may be entitled to a one-third portion of her estate even if she left the real estate to you in her will. You need to discuss the situation with an attorney who specializes in probate law and who can explain your options.
When a parent dies from dementia are the adult children from the first marriage entitled to anything from the estate if there is a will leaving everything to the wife and no kids from their marriage.?
No
What is a dowar?
Dower is the surviving wife right to a portion of the husband's estate when he dies. It is currently called statutory share.
Can property be sold if an one of the heirs dies without a will?
Certainly. The heir's portion will become part of their estate and distributed accordingly.
