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What does the word inheritance mean?
INHERITANCE is the process by which a deceased individual (especially a parent) conveys his wealth and possessions to his heirs (especially offspring). Usually involving a legal document (will or testament), the inheritance process is also referred to as "succession".
What if deceased parent's home mortgage is more than the property can be sold for?
The bank will take possession of the property by foreclosure. If the mortgage is in the deceased parent's name it will not affect anyone's credit.
What happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
If a parent owes credit card debt are the children responsible after the parent is deceased?
If they are not an account holder they are not responsible for the debt. All debts and assets and wills are handled in accordance with the state probate laws in which the deceased lived and/or owned property.
Is it possible to transfer a Parent PLUS loan from one parent to another?
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
Do parents of a deceased child have the same rights?
Both parents of a deceased child have an equal right of inheritance. If one parent had custody that parent has the right to make funeral arrangements but the other parent should be consulted if possible.
How do you find out if deceased parent left will inheritance?
Ask them, though they don't have to answer. Other than that, there isn't a way to find out. They can file it with an attorney or even with the probate court, but it isn't public until it comes up for probate after their death.
Can you receive a partial inheritance before death of parent?
No. You have no rights in a parent's property while they are living. An inheritance comes from the property a decedent owns at the time of death. Death makes that property 'inheritable'. There is no such thing as an inheritance from a living person.
Can a disabled child inherit from her deceased biological father's estate the deceased father never acknowledge the child?
Unless there is specific evidence that documents the relationship, such as the birth certificate or a court document, there will be no possible way to inherit. If they were adopted, all rights to the biological parent have been severed, so no inheritance.
What process in a computers Child OU will receive GPO settings applied to a parent OU?
GPO inheritance
What does issue of a predeceased child mean?
The issue of a predeceased child refers to the descendants or offspring of a child who has died before their parent. In legal terms, particularly in inheritance law, this concept allows the deceased child's children (the grandchildren of the original parent) to inherit the parent's estate as if their parent were still alive. This ensures that the lineage continues to benefit from the estate, even if the direct descendant is not alive to receive it.
What computers in child OUs will receive GPO settings applied to a parent ou through this process?
GPO inheritance
Is child liable for a deceased parent's debt?
As long as the child is not a cosigner on the debt, the child is not responsible for parent's debt. The parent's estate would be responsible for the debt. Technically this could reduce the inheritance the child receives, but it is not the responsibility of the child.
What does the word inheritance mean?
INHERITANCE is the process by which a deceased individual (especially a parent) conveys his wealth and possessions to his heirs (especially offspring). Usually involving a legal document (will or testament), the inheritance process is also referred to as "succession".
Do children with a deceased parent receive social security after age 19 if the are still attending school and have not yet graduated?
no
Do children of a deceased person have any rights to the deceased persons parent's estate if the deceased person preceded the parent in death?
It is certainly possible. Grandchildren can be entitled to a share of their grandparent's estate. Part of it will depend on how the will was written, or the laws for that jurisdiction. Consult a probate attorney for help!
How do you go about filing claim on deceased spouse social security benefits for arrears on child support?
Not applicable. You will receive nothing more than the normal amount for a child of a deceased parent.
