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When the person who the life estate belongs to dies.

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17y ago

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What is legal age to be an executor of an estate in New York State?

In New York State, the legal age to be an executor of an estate is 18 years old. Any adult over the age of 18 can serve as an executor to manage and distribute the assets of an estate according to the deceased's wishes.


What is the New York State estate tax rate?

16% but I don't know if it is a flat-rate or if it is graduated. What was the rate in 2010?


How long is life in a life sentence in new york state?

In New York State, a life sentence means that a person will be incarcerated for the rest of their life with no possibility of parole. It typically varies from state to state, but in New York, this means the individual will remain in prison until their death.


Can you get a real estate license in New York with a felony conviction?

Call the state office that handles professional licensing. Make an anonymous call and just ask for information. They should be able to answer your questions, or send/email requirements and qualifications to you.


How long can you live in a new state without changing residency?

Laws of individual states may vary, but as to New York state, a New York State resident is defined as a person who lives in New York with the intent that New York be their "fixed and permanent" place to reside. Evidence of Residency - A person who lives in a home, apartment or room in New York state for 90 days or more is considered to have "presumptive evidence" that she is a resident of New York. Establishing Residency Under New York state law - a person has established residency in New York state when he pays New York state taxes and has a New York state driver's license or identification card, a New York state voter registration card and bank accounts within the state.

Related Questions

What is the most common foundation in New York state in real estate?

As per the my point of view Real Estate Board of New York is the most common real estate foundation in New York state.


What is the legal definition of life estate in New York?

A 'Life Estate' is a right in real property that is measured on the life of the grantee. The definition is consistent in the common law.


Where can i find a List of real estate brokers in new york?

If you want to have a list of real estate brokers in your area in New York, you can actually ask for a list from the New York State real estate department and have a list of licensed real estate brokers in the area.


How does New York State determine estate tax?

New York State determines estate tax by multiplying the property's taxable assessment minus any exemptions by the tax rates for school districts and municipality.


What is legal age to be an executor of an estate in New York State?

In New York State, the legal age to be an executor of an estate is 18 years old. Any adult over the age of 18 can serve as an executor to manage and distribute the assets of an estate according to the deceased's wishes.


What is the New York State estate tax rate?

16% but I don't know if it is a flat-rate or if it is graduated. What was the rate in 2010?


How long is life in a life sentence in new york state?

In New York State, a life sentence means that a person will be incarcerated for the rest of their life with no possibility of parole. It typically varies from state to state, but in New York, this means the individual will remain in prison until their death.


When was New York State Right to Life Party created?

New York State Right to Life Party was created in 1970.


What does a New York State Real Estate Deed look like?

show me what deed like


When do cosmetology hours expire in New York State?

In New York State, cosmetology hours do not expire. Once you have completed the required 1,000 hours of training at an accredited cosmetology school, those hours remain valid for obtaining your license. However, if you do not apply for your license within five years of completing your training, you may need to retake the exam or fulfill additional requirements. It’s always best to check with the New York State Department of State for the most current regulations.


What are the current inheritance taxes in new york?

New York does have an estate tax. They do not have an inheritance tax. It would be a good idea to consult a probate attorney in the Empire State of NY. They will know how to reduce the tax liabilities of the estate.


What happens if a executor of an estate is mismanaging it in new york state?

Report your suspicions to the Probate Court in which the will is being probated.