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What else can I help you with?
Is money from the sale of property part of the estate?
If the property was part of the estate then the proceeds are also part of the estate.
What happens when an heir to property in the State of Virginia deceases is his ex wife a part of the heir property that was not her family's property?
An ex-wife, unless specifically named in a will created after the divorce, is not entitled to anything.
Does an executor have the right to charge an Estate to have heir's inherited business property re-appraised after Estate set business property and equipment value in will as part of heir's enheritance?
Yes.Yes.Yes.Yes.
If an heir passes away before estate settlement what happens to the estate settlement?
If the heir died after the decedent, any property that was inherited by that heir would become part of that heir's estate. The heir's estate would also need to be probated.
Can property be sold if an one of the heirs dies without a will?
Certainly. The heir's portion will become part of their estate and distributed accordingly.
Is my brothers wife an heir to my sisters property?
Your brother's wife is not an heir to your sister's property unless she is named in a will. Your brother might be such an heir if there is no will or if a will does not explicitly exclude him. If your brother dies after your sister died, then his estate would be an heir to her property and his widow, as heir to part of his estate, might receive an interest in your sister's property. Consult an Attorney who specializes in wills and estates. The laws of each state can be different enough that the real answer could be different depending on which state your sister was a resident of when she died.
Can the executive of an estate sell the property or keep it?
That depends on the will. It determines what happens to the assets of the estate.
Does a deceased husband's wife inherit the husband's heir property?
If the person leaving the remainder died before the spouse, it is a part of their estate and will get distributed per the will or the law.
How can one heir receive the benefit of joint tenant survivorship and not have to share the property with other heirs?
Real property must be acquired by a deed as joint tenantswith the right of survivorship in order for one to have the other's interest in the case of death. Property held as joint tenants does not become a part of an owner's estate. Their interest passes directly to the surviving joint tenant.Therefore, if the one 'heir' owned property with the decedent as a joint tenant, then full ownership automatically passed to that one heir at the moment of death. They do not have to share that particular property because as soon as the decedent died the remaining joint tenant owned the property free and clear.
What can be done if one heir does not pay their part of property tax?
Then The owner may get the house took off them until they pay it,/ may loose the rights to any owner ship and loose all contents inside the property
Can an executor of a will who is a husband of one of three heirs transfer property to himself as long as the othr two heirs get their part of the appraised value?
It is common for one heir to buy out the others on property. As long as everyone is in concurrence with the transfer, no problem.
Is life insurance considered part of an estate?
Generally, no. So long as a beneficiary is designated the Policy does not need to be and should not be included as part of an estate. The Policy proceeds or "death benefit" is the property of the named beneficiary, they are not the property of the deceased and therefore not a part of the decedents estate. Only when the Insured failed to designate a beneficiary or no eligible beneficiary is available would the Life Insurance Policy proceeds revert to the named insured and then be included in the Estate.If the policy was owned by someone other than the deceased, the insurance proceeds will not be part of the estate.Since estate taxes (when applicable) can be as high as 55% and the claims of creditors can take an entire estate, it is very important to consult an experienced lawyer prior buying any life insurance policy to ensure that the proceeds go to the heirs and not to pay taxes or the deceased's creditors.
