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Who is responsible for deceased spouse's debt in Florida?
The estate of the deceased is responsible in Florida. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
Does executor get left anything in the will?
That will depend on the will. There is nothing to prevent the executor from being left something, and they can collect a fee from the estate.
Can a will be changed if the executor dies My grandmother cut us grandchildren out when my dad died. are we still entitled to the estate?
The death of an executor does not affect the will. The will is followed by the executor who reports to the court. If the grandmother left the children out of the will, they will not be entitled to anything.
Who pays bills after death if there is no spouse in Florida?
The estate is set up in Florida to be responsible for paying any bills. One of the primary reasons for setting up an estate is to liquidate any debt. If there are no heirs, the state will appoint an executor, the debts will be settled. If there is anything left over, the state will get it.
How does the executor know what was left in the will?
He reads the will.
Can the spouse become the administrator of the estate if there is no will left?
Yes, if there is no will, the spouse can typically become the administrator of the estate, often referred to as the personal representative or executor in intestate succession. The laws governing this process vary by jurisdiction, but in many places, the spouse has priority over other potential heirs. They may need to file a petition with the probate court to be appointed as the administrator.
Can an executor to the will and as a trustee purchase the other trustee half?
A trustee doesn't have anything to buy or sell. If the property was left to the two, he can buy out the other party if they agree to it.
What happens when a separated spouse applys for probate and a letter has been left asking a daughter to deal with estate?
The court will appoint an executor. If there is controversy, they are likely to appoint an attorney or bank to serve, which will cost the estate more money.
What if there isn't an executor assigned or a will left?
The court will appoint an executor. Each state has specific laws regarding an estate with no will.
How can you find out if you were left something in a will?
You should be notified by the executor.
What is it called when you are left in charge of a will?
The executor is responsible for execution of the will.
Is the executor entitled to a commission on the house in New Jersey if it is clearly left to a specific person in the will?
is the executor in new jersey entitled to a commission on a house if it was left to a specific person in the will
