0
What else can I help you with?
Can a Co-Independent Executor act on legal documents without the other Executor?
Yes, except when selling real property. In selling real property all co- independent executors must execute the document.
Is there a law preventing an executor from selling property if the beneficiaries do not agree with the sale?
There is no such law. The executor has the power, from the court, to settle the estate.
Can a Executor lock a Beneficiary out of an estate?
Yes, they can lock them out. The executor must preserve the estate. That may include removing people from the property and selling it.
Can an executor of an estate sell the personal property that does not belong to the estate?
No, an executor cannot sell personal property that does not belong to the estate. The executor's authority is limited to managing and distributing assets that are part of the estate according to the deceased's will or state law. Selling property that is not owned by the estate could lead to legal consequences and potential liability for the executor. It is essential to properly identify and verify the ownership of assets before any sale.
Can the executor of an estate sign a quit claim deed to sign property over to an heir of the deceased?
No, not unless there is a POA or court order allowing him to do so. The executor has been appointed by the court and has letters of authorization for the handling of the estate's assets. In most cases, the executor will have to obtain court approval for sale of real property. To do so they will have to show the evaluation of the property and the sale price and show that it is a good deal for the estate. Once they have the court order, they are authorized to sign the appropriate transaction documents.
What can the executor do when a heir that lives in the deceased parents home starts selling the deceased's property?
Report the theft to the police. It is a crime to take and sell things that do not belong to you.
Can executor sell trust property in Florida law?
In Florida, an executor does not have the authority to sell trust property. This responsibility falls to the trustee, who must follow the terms of the trust and state laws when selling trust assets. It is important for the trustee to act in the best interest of the beneficiaries and seek legal advice if unsure of how to proceed.
Can an executor take cars out of state?
If the executor is in process of selling the car for the estate, I believe it would be proper for them to do that. The executor does not own it but it is their position to disperse the assets.
If your husband is the executor to his mother's estate do you have to sign dowry rights when he sells her condo?
No, the executor does not have an interest in the real property. He is not selling it, the estate is. If he inherits the property, then he has an interest in it and there could be dower rights involved. That is an issue that varies from state to state. It would be best to contact a local probate attorney, one who is familiar with laws in your state, to answer that question.
Can executor sell property once deed is transferred to heirs?
Once they have transferred the property, it is no longer a part of the estate. If they try to sell it, they would be selling something they have no control over. They may be able to bring the property back into the estate, but it would take a court order to do so.
Can the administrator of an estate in Texas enter into any kind of lease contract or sale any property before or during the probate of a will?
That's sort of the reason for having an executor, so that they can settle the estate. And that may involve renting property or selling it. They are accountable to the court for their actions.
Are you considering selling your rental property?
Yes, are you thinking about selling your rental property?
