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Can the executor assign a person to supervise over property left to children in a Will?
The Will must be submitted to the probate court and the court must appoint the executor. The executor does not have the authority to appoint guardians over children or property. Generally, the court will direct that money left to children must be deposited in trust for the children until they reach eighteen years of age. If the children inherit real property the court must appoint a guardian who can manage the property on behalf of the children until they reach eighteen.
Your grandmother signed over her land to her son and now has lifetime rights The son passed away Can your grandmother get the land back and sell it or does it goes to her sons kids THis is in N.C.?
Grandmother would retain her life estate in the property but her son's spouse and children would inherit the fee interest in the property. They would be the new owners.
What did slaves possess?
Slaves did not possess their own freedom or rights and were considered the property of their owners. They typically had no control over their labor, personal decisions, or living conditions.
How do you turn your house over to your children?
In Missouri, you can file a Beneficiary Deed that automatically transfers ownership of real property upon the death of the owner. You can always just leave it in your last will or if you want to avoid probate, convey it to a trust and have the trust distribute the property to your children after your death. You can also convey the property to your children while you are still living. You should consult with an attorney who specializes in estate planning who can review your situation and explain your options.
If a Sikh is married and has relationship with other women and have children from her do they have any right on his property?
Yes they do have the right over property.
Can you transfer real estate by will without paying off mortgage?
Any other person who may inherit the property would inherit it subject to the mortgage. If the mortgage is not paid the bank can take possession of the property by foreclosure. The person who owned the property at the time of the mortgage signed their rights in the property over to the bank when they signed the note and mortgage. Depending on your state laws the bank either owns the property or has a lien on it until the debt is paid. The bank will not release its interest until it's paid in full.
A sentence for inherit?
Inherit is a verb. She was due to inherit over a million dollars from her grandfather, who had built his successful business from the ground up.
Could a Living estate over ride a quick deed?
If the owner of property conveys that property by a quitclaim deed while they still own it then they no longer own the property. It is now the property of the grantee in the deed.
What rights do you have over your parents as of age 14?
Children do not gain rights over their parents at any age, unless the parent has declared them able to inherit at a certain age or places them with power of attorney.
Are adult children responsible to take over the house of a deceased parent?
Normally there is a will, stating who will inherit the house. Whoever inherits the house will be responsible for it. If there is no will, the courts will decide.
Who is entitled to a property where the partner has not been living with the deceased for over 17 years is the next of kin entitled to anything?
If the partners were married the spouse is entitled to a share of the property by law. You can check the laws of intestacy in your state at the related question below. Children or other relatives of the deceased may also be entitled to a share.
What does lifetime interest in property mean?
A life interest is a right to the use or benefit of property for the duration of your natural life. The fee interest is owned by the remainderpersons. An example might be: Betty is a 65 year old widow whose children are grown and have families of their own. She wants to make sure her boyfriend Ralph has a roof over his head if she dies but she wants her children to ultimately inherit the home. She could create a life estate in her will which grants Ralph full use of the property until his passing and then the remainder is to go to her children. Ralph does not have the right to sell or dispose of the property. Ralph also has the duty to reasonably protect the property's value. Once he dies, the property is owned by the remainderpersons free and clear of the life estate. No other action is necessary.
