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When a person dies leaving bank account to a family member POD does the individual owe the executrix of the estate any money?
No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.No. A "payable on death" account does not become part of the probate estate. It would be paid by the bank directly to the named beneficiary.
Can the executor of a will tell anyone the amount owed to the heir?
They can if they wish to. They will have to report it to the probate court, where it will become part of the public record.
How do you become an estate lawyer?
The first step is to become a lawyer. That requires law school and passing the bar for the state in question. Part of the schooling will deal with probate and trusts. If you have the opportunity you will want to take probate tax and any other probate courses available. Then get a job with a law firm that specializes in estates. They will give you on the job trainings.
Can you get a copy of fathers will if not gone through probate?
No. A will doesn't become public until it is filed for probate.
What happens where a testator owns a property jointly with someone else?
Property held in a joint tenancy does not become part of a probate estate. When the first joint owner dies their interest in the property is terminated and the surviving owner becomes the sole owner.Property held in a joint tenancy does not become part of a probate estate. When the first joint owner dies their interest in the property is terminated and the surviving owner becomes the sole owner.Property held in a joint tenancy does not become part of a probate estate. When the first joint owner dies their interest in the property is terminated and the surviving owner becomes the sole owner.Property held in a joint tenancy does not become part of a probate estate. When the first joint owner dies their interest in the property is terminated and the surviving owner becomes the sole owner.
Do you have to pay credit cards if you are in probate?
Yes, resolving debts is a part of the probate process. Inventory and valuation is another part of the process.
If there is a will does propery go through probate?
Yes a will requires probate. Which means the property will be part of the process.
Are probate courts in the federal court system?
No, probate courts are part of the state court system.
When does a will become public?
A will is made public when it is admitted to probate.
Can mutual funds pass free of probate?
Yes, mutual funds can pass outside of probate if they are held in an account with designated beneficiaries. When the account holder dies, the funds can be directly transferred to the named beneficiaries without going through the probate process. However, if no beneficiaries are designated, the mutual fund shares may become part of the probate estate. It's important to ensure proper beneficiary designations are in place to avoid probate complications.
Would your deceased stepfather's car be included in probate?
Maybe. It depends upon the state probate laws and how the vehicle is titled.
My mom passed away but financed a car i was making payments on for her she is no longer living so can i just give the car back to the bank or must the debt owed on the car come out of the estate?
In the United States, wills and probate are under state law. If there is a probate lawyer, ask him. In this state probate law has a provision for that.
