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Inheritance tax on rights of survivor property?
Property held as joint tenants with the right of survivorship is not a probate asset and therefore not subject to inheritance tax. To quote an article from the website in the link provided below:"Another great advantage of holding property as joint tenants is that no taxes need to be paid on the property. There are two types of taxes that are avoided by joint tenancy. The first is the federal estate tax, which taxes an entire estate if the estate is large enough (as of 2009, at least $3.5 million, and as of 2011, at least $1 million). Some states also impose a death tax, which is similar to the federal estate tax. Additionally, joint tenants also avoid inheritance taxes, which are different than estate and death taxes. Inheritance taxes are taxed to the person who receives property from an estate, while estate taxes are taxed to the estate before any inheritances are given."
Can you sEll your home without the cosigners consent?
You don't need the permission of the cosigner on a loan to dispose of your property.If they're a co-owner, then you do need their consent, regardless of whether they're also a "co-signer" or not.
Why would someone have to put a house in probate to inherit it?
Putting a house in probate is necessary after the homeowner passes away if there is no living trust or co-owner named. This legal process ensures that the deceased's assets, including the house, are distributed according to their will or state laws. Probate is required to transfer the property title to the rightful heirs or beneficiaries.
Can a co-signer take the property without permission?
No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.
Is an adult child responsible for debt on checking acct of parent if both names are on the acct at time of parent death?
No, not necessarily. It is not the same as a husband and wife being 'joint' on an account. The holder of the debt would have to prove that you (the adult child) benefitted in some way from whatever it was that was purchased with the parent's check -or- that you were a co-signer to some contract or sales agreement for which the parent was paying. If any money is allegedly due and owing to a claimant, they will have to file a lien against your parent's estate and prove to the court that it is a legitimate debt.
How long after a death does the executor have to settle the estate in CO?
There is no set time frame in Colorado. Complex estates can take many years to sort out and close.
Can a co-executor delay distribution of funds indefinitely?
No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced.
What can I do if the executor won't settle my mothers estate in California?
You can go to the judge or a lawyer and ask to be co executor or to require that the estate be settled. Wills and trusts can be broken, you just have to consult the right person.
Co-administrator of estate?
The co-administrator of an estate has as much equal access to the estate as the administrator. If property or the estate needs to be divided, the parties will need to agree.
How long to settle estate in CO?
The time it takes to settle an estate in Colorado can vary widely, typically ranging from a few months to over a year. The process involves several steps, including probate, debt settlement, and asset distribution, which can be influenced by factors like the complexity of the estate, the efficiency of the executor, and any potential disputes among heirs. Generally, simple estates may be resolved in about six months, while more complicated cases can take longer. Consulting with a probate attorney can help streamline the process.
What are the rights of cosigner of inheriting when the primary dies?
Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.
What is the symbol for Xinyuan Real Estate Co Ltd in the NYSE?
The symbol for Xinyuan Real Estate Co Ltd in the NYSE is: XIN.
Should your insurance co work with the other insurance co to settle your claim or do you have to do that?
You are responsible
In what year did Xinyuan Real Estate Co Ltd - XIN - have its IPO?
Xinyuan Real Estate Co Ltd (XIN)had its IPO in 2007.
Is a co-signers estate responsible for the loan if the primary borrower defaults on payment of a loan?
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
Is a co signers estate responsible for the loan if the primary borrower defaults on payment of a loan?
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
What rights does a co executor have if the other co executor is delaying settling the estate?
The co-executor's rights are most likely limited to bringing an action to have the other co-executor removed for failing to fulfill the obligation to settle the estate expeditiously or to force the coexutor to perfom some ministerial act required to move the estate forward or be removed. The action may also request that the delaying co-executor pay damages, if any result from inexcusable delay, or interest or even forfeit some or all commissions due to him/her for acting as executrix. One co-executor usually cannot simply assume total control of the estate and move forward, because, in most states, when there are more than one executor, it takes a majority to act, and when there are only two executors, there is no majority.
