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What does an administratrix of the estate have power of attoney?
what is the power of attorney duties for a living will?
May an administratrix of an individuals' estate redeem a Series E Bond that is payable to the decedent OR to the decendant's husband who is also deceased?
An administratrix of an individual's estate may redeem a Series E Bond that is payable to the decedent, as they have the authority to manage the estate's assets. However, if the bond is also payable to the decedent's deceased husband, it may complicate the redemption process. The administratrix would need to establish the legal rights to the bond based on the estate's overall circumstances, potentially requiring additional documentation or legal guidance. It is advisable to consult with a legal professional for specific guidance in such cases.
How do you get letter of administration to be given bond as of administratrix in?
You must petition the probate court to be appointed the administrator of the estate. If you are appointed you will need to post a bond and you will be issued Letters of Administration.
What is an administratrix CTA?
An Administatrix CTA is a fiduciary appointed by the Court to manage the estate of a deceased who either (1) left a last will and testament which did not nominate an executor or (2) whose last will and testament did nominante an executor but that nominee is deceased, refuses to serve or, having been previously appointed executor and served, was later removed by the Court. Adminstratrix CTA (female) or Administrator CTA (male) appointments are rare because most wills nominate both an executor and an alternate executor, one of whom generally is alive and willing to serve. The use of the term "Administrarix" in connection with a proceeding involving a Last Will and Testament may also cause some confusion. Typically, when the decedent leaves a will the matter is a "Probate" matter and the fiduciary is called the "Executor." If the decedent dies without a will (i.e. intestate) the proceeding is called an 'Administration" proceeding and the fiduciary is called an "Administratrix." So the term Administratrix CTA literally, Administratrix cum testamento annexo (i.e. with Testament [Will] annexed) is sometimes misunderstood.
When you become administratrix how long do you need to wait before giving the heirs money?
Until you have collected all the debts of the estate and paid them, and collected all the assets, made an accounting, and distributed specific gifts.
How do you have administratrix transfer real property?
Generally, an Administrator must petition the court for a license to sell the real estate. You would need to check the laws of your state. The attorney who is handling the estate should be able to answer your question.
What has the author Magdalen Cochran written?
Magdalen Cochran has written: 'Magdalen Cochran, otherwise Campbell, widow and administratrix of Captain John Campbell of Carrick, deceased, -- appellant. Mrs. Jean Campbell -------- respondent. The appellant's case'
If there are seven heirs to an estate and one goes and appoints their-self as administratrix to the estate isn't there a petition involved for the other heirs to agree to this person who was appointed?
Yes everyone has to sign papers and agree on a person that will administate the estate and setle it and see to that the wishes said in the will are carried out.
What are the duties of an administratrix of an estate in New York state?
The first step is to preserve the estate, then inventory, document and value all of the assets. Determine all of those that are owed money and clear all debts from creditors and all taxes. Once those are resolved, the distribution according to the will or the intestacy laws of the state.
Can the administratrix of an estate be held liable for law suits pertaining to the deceased?
The estate of the decedent is responsible for paying the judgment in any lawsuit against the decedent. When notice of the lawsuit has been filed in the estate the Administrator would be responsible for maintaining the assets until the lawsuit has been resolved. No distribution can be made to beneficiaries until the debts of the estate are paid. The Administrator can be held liable if they distribute assets before debts are paid.
What is the role of an estate administrator?
The Administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down at law. Such a person is known as the administrator of the estate and will enjoy similar powers to those of an executor under a will. A female administrator is referred to as an administratrix.
Words that end in the suffix ix?
administratrix admix affix antefix anthelix appendix aviatrix bemix bollix calix cervix chamoix cicatrix coadjutrix comix commix crucifix cylix directrix dominatrix executrix fix fornix generatrix helix heretrix heritrix immix infix inheritrix intermix kylix mastix matrix mediatrix mix nix oratrix overmix pemphix phenix phoenix pix postfix prefix premix prolix radix reaffix rectrix refix remix six spadix subfix suffix superfix superhelix tectrix testatrix tortrix transfix unfix unmix varix vernix
