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What else can I help you with?
Can a beneficiary ask what an estate is worth?
Yes. The beneficiary can also visit the probate court and request to see the probate file. The inventory of the estate can then be reviewed once it has been filed with the probate court.Yes. The beneficiary can also visit the probate court and request to see the probate file. The inventory of the estate can then be reviewed once it has been filed with the probate court.Yes. The beneficiary can also visit the probate court and request to see the probate file. The inventory of the estate can then be reviewed once it has been filed with the probate court.Yes. The beneficiary can also visit the probate court and request to see the probate file. The inventory of the estate can then be reviewed once it has been filed with the probate court.
If Life Insurance policies are not part of a deceased's estate should an Executor probate an estate that is worth less than the legal fees the estate will incur to probate?
If there is no real property to convey, some states have a short form set of documents that reduce the time and cost of probate. And if there are debts owed by the deceased, it would be a good thing to probate it and get the debts resolved.
Can executors after collecting debts owed to estate to the best of their ability legally write off debts that individuals cannot pay back Ontario Canada?
Yes they can. When the person is deceased their estate goes to the Executor (male) or Executrix (female) and they make sure all personal/property taxes and creditors are paid off. You can go into any book store and get a "Probate Book" or even go on the internet and get the forms. Of course when you take the Probate forms in they almost always fail you the first time (cash cow method) but, be patient, the second time around you'll get through OK. It can take 8 months to a year for the Probate to go through. The Executor/Executrix can pay electric bills, phone bills, etc. (every monthly bill), but the bulk of the Estate has to go to probate. If the debt is worth more than the total Estate then the creditors are out of luck! Marcy
How do lawyers determine the fee they charge for reading and probating a will?
Probate laws and procedures vary widely State by State, however in CA and many other States, probate statutes, in most all circumstances, predetermine the fee a probate attorney will receive if an estate goes through the probate court.In addition, a Probate Judge, may reduce the standard percentages an attorney may receive.In CA, the more the estate is worth, the lower the percentage gets.As far as "reading" a will, I'm not sure what you mean. It's not like the movies. You might have the attorney explain legalese things you don't understand in the will, especially if he/she was involved in writing it, but I certainly wouldn't pay them to read it.
What would 8000 pounds sterling in 1932 be worth in 2010?
150000
Does a will have to probated if the estate is worth less than 50000?
Whether a will needs to be probated for an estate valued at less than $50,000 depends on the laws of the state where the deceased lived. Some states have simplified procedures or exemptions for smaller estates, allowing heirs to bypass formal probate. However, in other cases, probate may still be necessary to settle debts and distribute assets according to the will. It's best to consult with a probate attorney in the relevant jurisdiction for specific guidance.
There is no will the only child is a minor and parents were never married so can the child's mother control the estate?
The mother can apply to the probate court to be the executor. In this case the parents are entitled to the estate. There is probably little to distribute and nothing in the way of legal property. You might consult with a probate attorney to see if it is worth hiring them to assist, but they will probably say it isn't worth it.
Father died without will was not married or had minor children Had no property or only a car and a motorcycle worth no more than 1000 How do we transfer ownership without estate?
There may be an abbreviated process that allows transfer of title without having a formal probate process. Check with your local probate court.
What is senator edward Kennedy worth?
Senator Edward Kennedy is worth absolutely nothing. The Russians have a saying, "When the game is over both the king and the pawn go in the same box." We will need to wait for a report from the probate court before we can answer the question, "What is Senator Edward Kennedy's estate worth?"
Do I need to hire a lawyer to take care of probate for my last will & testament?
It would depend on your individual situation, as well as how much the estate is worth. You may wish to contact a lawyer, however, and get professional advice on your individual situation.
Will your mother's small estate in Kentucky have to be probated if her entire worth is in her checking account and mutual funds?
Yes. All Wills are probated to be sure that out-standing debts are paid off and what is left in the Estate will be divided amongst one or more heirs according to the directions by the deceased in the Will. All properties, monies (in Canada Mutual Funds and RIFS ... for the retired) are a separate issue. In the US an estate must be at least or more than the amount stated in the existing state statutes for it to be subject to probate. The exception is if the deceased owed debts, in which case any nonexempt property would be subject to probate distribution. If your mother died without a will you should look into the Petition/Order to Dispense w/Adminstration KRS 391.030, 395.455 & 396.095 - small estates can avoid probate in Kentucky
What is Mr. Westing's estate estimated to be worth?
Mr. Westing's estate is estimated to be worth $200 million.
