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Who inherited Doris Duke estate?
Doris Duke's estate was inherited primarily by her foundation, the Doris Duke Charitable Foundation, which she established to support arts, environment, and medical research. Additionally, her estate was subject to various legal battles and her will included provisions for her close associates and her adopted daughter, but the foundation received the majority of her assets. After her passing in 1993, the estate's management and distribution were ultimately overseen by the foundation and its trustees.
Who can open an estate?
Anyone with a vested interest in the estate can petition the court to open the estate. That would be anyone named in a will, anyone that is owed money by the estate or any natural heir.
What is a bare life estate?
Can the remainder of a bare life estate transfers their remainder interest to another person while the life tenant is still alive.
What is the job description for a real estate broker?
A real estate agent helps home owners sell their homes. They also help buyers communicate with other real estate agents when they have an interest in a home.
Can your remainder man buy your life estate interest?
Yes, a remainder man can buy your life estate interest, but it typically requires the consent of both parties and possibly a formal agreement. The transaction may involve negotiating a price that reflects the value of the life estate, which is dependent on factors like the life tenant's age and health. Once the purchase is made, the remainder man would then own both the life estate and the remainder interest. However, legal advice is often recommended to ensure proper transfer and adherence to local laws.
If inherited money has gone through probate hasn't it already been taxed?
Not necessarily Inherited money is not taxable, so the issue is not that it has already been taxed. The IRS does not consider it taxable income. On the other hand, any interest earned on the inherited money during administration IS taxable. That money is considered income and the estate must pay the income tax on it or the estate distributes that interest to the beneficiaries prior to the close of the estate and the beneficiaries have to declare that as income.
Would a beneficiary Deed to property be legal in the State of Ga?
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
Can a child under 18 who inherited interest in real estate from a grandparent in NJ sign the deed to transfer?
No, they are not of legal age. Their guardian must do it.
Is 60000 inherited taxable?
The amount of taxable inheritance depends on the entire estate. If the amount of the estate that the 60,000 was inherited from is over 2 million dollars then the income is taxable. If the estate was worth less then that then there are no taxes on the estate.
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.
Who inherited George Harrisons estate?
His family
Who inherited Julia Child's estate?
I don’t know
Who inherited James Dean's estate?
His cousin, Marcus.
Can a beneficiary to an estate enter into a new lease agreement?
If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.
If spouse dies is the surviving spouse obligated to pay the loan?
The estate must repay the loan before assets are inherited. Otherwise, only if they cosigned.
Who inherited Gene Autry's estate?
His widow, Jackie Autry.
Which son of the feudal lord inherited the father's estate?
The first born son inherits the father's estate.
