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If a property is sold with the consent of the life estate holder how much is that person entitled to receive from the proceeds?
That is a matter that must be negotiated between the fee owner and the life estate owner. Since the owner of the life estate has the right to occupy the property for the duration of their natural life free of any charges for rent, a fair value must be negotiated with that person. There is no set rule regarding this issue.
What else can I help you with?
How much power does a person have if they are on the deed to a house?
Any grantee on a deed has the right to the full use and possession of the property and any profits therefrom, even if there are multiple owners. The property cannot be sold without their written consent and they are entitled to a part of the net proceeds proportionate to their interest in the property. If there are three names on the deed each will receive one third.
What are the rights of the secured creditor?
To receive the proceeds, before others, fom the sale of the secured property.
Who is entitled to receive money from a will?
Anybody mentioned in the will is entitled to receive money from a will.
How isInherited property by 5 siblings one sibling has liens that will be more than her proceeds from her portion of the sale of the property how is that handled in South Dakota?
In South Dakota, if one sibling has liens that exceed their portion of the proceeds from the sale of inherited property, those liens can be addressed during the settlement of the estate. The proceeds from the sale can be used to pay off the liens before distribution among the siblings. If the liens amount to more than the sibling’s share, they may not receive any proceeds, but the remaining siblings will still receive their respective shares. It is advisable to consult with a probate attorney to navigate the specifics of such situations.
Does the executor of an estate receive payment for carrying out duties to distribute proceeds of an estate in Ontario Canada?
The executor is entitled to compensation for their time and effort. The court will approve the payment at the going rate.
Does a lien on property mean that a debtor needs to evacuate the property?
If a lien is recorded on a property, the occupant is not forced to move. However, if the owner should decide to either refinance their property or sell it, the debtor would receive the payment of the debt through the proceeds.
What are your heir rights to property initially purchased by your great grandmother when there are 9 other heirs that want to sell?
You will receive 1/10 of the proceeds of the sale. Or you can buy the others out for 9/10 of the value of the property.
What is the Importance of advocacy in a support worker and client relationship?
To enable a client to understand his/her rights and with your consent help them to be sure their rights are not violated, they are treated the same regardless of their position in Society and receive benefits they are entitled to receive.
Who are the beneficiaries of Merv Griffin?
His son, who is entitled to receive $2 million a year and, if/when the assets are sold is entitled to 60% of the proceeds after payment of any liabilities -- Merv, who was gay, gave did not entrust his son with his beloved 2 dogs ($500000 for their care was given to another individual for their care)
What benefits am I entitled to as a beneficiary?
As a beneficiary, you are entitled to receive benefits from a trust, will, or insurance policy according to the terms outlined in the document. These benefits can include financial assets, property, or other assets designated for you by the benefactor.
Can you sell your house if your ex husband is on the title?
You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.
Who are the beneficiaries of Merv Griffin's estate?
His son, who is entitled to receive $2 million a year and, if/when the assets are sold is entitled to 60% of the proceeds after payment of any liabilities -- Merv, who was gay, gave did not entrust his son with his beloved 2 dogs ($500000 for their care was given to another individual for their care)
