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An estate can refer to all the property a person owns both real and personal. However, the term is more commonly used to refer to all the property that a person owns at death, both real and personal. You have no rights to your parents' property while they are alive. You may not have any interest in it after their death if they have made a valid will devising their property to someone else. Children can be disinherited in many jurisdictions.
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What happens to a patent when the owner dies?
When a patent owner dies, the patent is typically transferred to their estate or heirs. The estate or heirs can then decide to maintain or sell the patent rights.
What is the law of children over a second spouse when parent dies?
The law regarding children and a second spouse when a parent dies can vary depending on the jurisdiction and any existing legal arrangements such as wills or trusts. Generally, children may have rights to inherit from the deceased parent's estate, but this can be influenced by factors like state laws, existing legal documents, and the specific family situation. Consulting with a legal professional is advisable to understand the rights and obligations in a particular scenario.
Does one sibling is living with a parent that dies have that sibling more rights than other siblings not living with parent at the time of death?
In general, living arrangements typically do not affect the rights of siblings when a parent dies. The distribution of assets and inheritance is usually determined by the parent's will or state laws, regardless of where the siblings live. Each sibling is entitled to their fair share of the estate according to these established guidelines. Consulting with a probate lawyer can provide specific advice based on the individual circumstances.
What rights do children have when the parent dies in Louisiana but stills owes money?
Generally, if the parent left any property, that property must be used to pay the decedent's debts before any property cab be distributed to the heirs. If the parent left no property the creditors are out of luck unless the children had agreed to pay the debts prior to the parent's death.
What happens when trust states a parents home on one child's property will be left to that child after his sibling is given an amount of money but the first child sells the property before parent dies?
You have a difficult situation. Once a home is built it becomes part of the real estate. It cannot be owned separately nor can it be left separately in a will or trust. The owner of the real estate has the right to sell that real estate. The house went with it. You cannot receive money for the house unless your parent and the owner of the real estate has a written agreement to that effect. Also, you have absolutely no right to any property devised to you in your parent's will or trust until they have died. If they no longer own the property when they die, the gift is extinguished.
Can a parent take possession of property if an adult child dies intestate?
If they have no spouse and no issue. Otherwise the spouse has first rights to the estate.
If your parent dies which was remarried does the biological children have any rights over the step parent or step children in regards to his belongings?
It depends if there was a will or not. Step-children have no rights to the estate of a step-parent unless specifically named in the will. If there was no will, the estate is typically divided between the spouse and the children. Check the laws for your state or jurisdiction.
Does the executor of a will have rights to distribute the estate before the mom dies?
They certainly do not have the rights. The executor has no power while the testator is still living.
Are executors entitled to get paid before the parent dies?
The executor does not have any rights or responsibilities before the person dies. Being paid makes no sense and is not a legal right.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
What rights do biological children have in the estate of a deceased parent?
Biological and legally adopted children generally have the same rights in their parent's estate if their parent dies intestate, or, without a will. Children do not inherit an interest in property that was held jointly with a surviving spouse. However, they may inherit an interest in property held solely by the decedent. You can check the laws of intestacy in your state in the related question below.
What are legal rights when parent dies and leaves no will in Arkansas?
In Arkansas, when a parent dies without a will (intestate), the state's intestacy laws determine how their assets are distributed. Generally, the deceased's children inherit the estate equally if there is no surviving spouse. If there is a surviving spouse, they typically receive a portion of the estate, and the children share the remaining assets. It's advisable for heirs to consult with an attorney to navigate the probate process and understand their specific rights and obligations.
What happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
If a parent dies while house in foreclosure?
The executor of the estate represents the decedent.
If a parent dies before paying off their car does the next to kin have to do so?
The estate has to pay off the car or sell it and re-pay the loan.
When a parent dies are family responsible for their depts?
The parent's estate will be responsible. If there are not enough assets, the debts may not get paid.
Executrix of estate account dies and is only one who has signature rights What can be done to close account?
If the executor dies before the estate is settled then a successor must be appointed by the court. Another person must notify the court of the death and ask to be appointed.
