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What else can I help you with?
Can the executor of the estate chose what gets sold and what doesn't without asking beneficiaries if they want it?
The executor has a great deal of leeway in settling all debts. He has to come up with assets to clean up the debts before distribution.
When can the executor of an estate begin to pay debts?
When they have a good handle on the total debts and assets of the estate. They have to make sure each debtor gets their fair share of what is available.
What happens to moms furniture if it is in a house that you own and there is no will who gets the funiture?
The estate gets the furnature. The executor of the estate will then distribute it according to the intestacy laws once the debts are resolved.
Who pays unpaid taxes after a death?
To be clear, before anybody can inherit property from the deceased the following have to be settled in this order:1) Taxes due must be payed2) Debts must be settled3) Whats left gets to be distributed an accordance with the will to the heirs.Note the deceased's Executor is responsible for doing all this (the executor may also be an heir).Also NOTE that unpaid taxes and debts come out of the ESTATE.If the estate runs out of money to do this, potential heirs do not have to pay the deceased's taxes or debts out of their own money. However, they will not inherit anything in these circumstances.
Is there a priority for paying estate claims such as attorney funeral medicare and creditors in Texas?
You will have to check the wording of the will first. It may specify some debts be paid first. Typically the executor gets paid first.
Can an executor get any of the computer equip he wants before the siblings?
The executor is supposed to execute the terms of the will. If the will says that "person X" gets any computer equipment of the decedant's that he wants, with the remainder going to the siblings, then person X gets it, whether person X is the executor or not. If it says the computer equipment goes to "the siblings", then that might be a gray area if the executor is one of the siblings, but usually an equitable distribution is implied, so the executor can't say "I'll take the Cray YMP, and you can have the Apple II". An executor who violates the terms of the will is acting in bad faith, and you should retain a lawyer to file a complaint with the probate court.
If you were left money by your mom and your sister has not paid her own debts will they be paid before she gets her money?
Your sister's debts are not part of the estate. The estate's responsibility is to pay the mother's debts and distribute the remainder. What your sister does with her share of the inheritance is up to her.
Who is responsible for payments when creditor deceased?
Normally this would fall to the Executor of the Deceased Estate. It is the responsibility of the Executor, to collect all payments and settle all debts of the Deceased. the deceased person's husband or wife.....if they weren't married then the property that the loan is for gets returned to the bank, which technically still owns it because the loan wasn't fully repaid.
Your brother passed away his home goes to mom she will renunciate to siblings do you have to wait to renunciate to sell the house?
The executor of the estate can sell the house at any time. The renunciation really deals with who gets the money from the sale. The executor can also transfer the house to someones name, but they have to insure all the debts are paid. Consult an attorney in your area for details.
Can my sister who is executor forbid me from entering the property?
The executor is responsible for maintaining the value of the estate. That includes insuring that no one removes goods before they are properly inventoried and valued. It also insures that no one gets something without letting anyone else get a chance.
You are power of attorney for your mother you have to pay private pay for her if she passes before the money is spent who gets the money?
The money belongs to her estate. The executor of the estate will distribute it according to the will.
If a person receives an inheritance after being discharged from bankruptcy does the inheritance go to the bankruptcy?
No. Basically you start a new after filing. Your pre-petition assets are used to pay your pre-petition debts. That's bankruptcy. You should understand it before you do it. You don't chose what assets, and/or which debts...everything in your past gets involved. Then you start a new.
