Probate

A bond is posted in an estate lawsuit to protect the estate and its beneficiaries from potential harm or loss caused by the actions of the executor or administrator. By posting a bond, the executor or administrator provides assurance that they will fulfill their duties faithfully and responsibly. If they fail to do so, the bond can be used to compensate the estate for any damages incurred.

In most cases, a property from a probate estate can be rented out monthly even if there are creditor claims. The income generated from the rental can be used to satisfy those claims after other expenses related to the property have been paid. It's important to consult with an attorney or probate professional to ensure you are following the proper legal procedures.

Typically, the executor of the deceased person's estate will inform beneficiaries mentioned in the will. If you suspect that you may be mentioned in a will but have not been notified, you can inquire with the executor or contact the estate lawyer handling the matter. Additionally, wills are usually filed with the probate court, so you could check there to see if a will exists and if you are named as a beneficiary.

A residuary bequest is a type of bequest made in a will where the testator designates that any remaining assets or property, after all specific bequests and debts have been addressed, should go to a particular beneficiary or beneficiaries. It ensures that the chosen recipient receives any remaining portion of the estate.

No, a will cannot be ignored and must go through probate. There are ways in which the will can be modified by a rule of law. And those listed in the will can always decline to receive their gifts.

Typically, probate properties are owned by the deceased and are undergoing the legal process of distributing their assets. Depending on local laws, it may not be possible for someone to live in a home in probate unless they have legal authority to do so, such as being named as the executor of the estate or obtaining permission from the court. It's best to consult with an attorney or legal professional to understand the specific rules and requirements in your jurisdiction.

Prior to unpacking and handling any EED (Explosive Ordnance Disposal), it is important to conduct a thorough risk assessment and ensure the area is safe and clear of any potential hazards. Proper training and certification in EOD procedures is also necessary to handle and dispose of EEDs safely and effectively. Following established protocols and guidelines is crucial to minimize the risk of accidents or explosions.

In general, the estate of a deceased person is responsible for paying any taxes owed until the assets are distributed to the beneficiaries. Once the probate process is completed and the property is transferred to the beneficiary's name, they would become responsible for the taxes going forward. It is important to consult with an estate attorney or tax professional for specific guidance based on your situation and jurisdiction.

Probate Office, Royal Courts of Justice [Ulster], Chichester Street, Belfast BT1 3JF

In formal terms, Probate is the judicial process by which a testamentary document, a will, is established to be valid to the satisfaction of the court. Once the will has been allowed the court appoints an Executor. Administration is the judicial procedure for the distribution of the property of an individual who died intestate, without a will. Once the Petition for Administration is allowed the court appoints an Administrator. Informally, 'probate' is used to refer to an estate that must be adjudicated via the necessary judicial process required to pass title to the heirs whether a Probate of Will or Administration. Example: "The estate must be probated before the real property can be sold."

the phrase caveat emptor means "let the buyer beware". Its legal meaning is that the buyer needs to exercise diligence when purchasing something. If something is too good to be true, it usually isn't.

There may be a reason you haven't disclosed why lawyers refused to help you. If you have a legitimate claim you should be able to go to your lawyer and sign a consent form so they can search for the money with the banks in the area.

You could also check the probate records for your father, review the file and see if the trust was identified in his will.

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You can get letters testamentary from wherever the will is going to be probated. So go to the county courthouse probate court in Washington and get them or hire a probate attorney to do this form you.

The Executor is entitled to a fee for services performed. Under New Jersey law, the Executor of an estate is generally entitled to the following commissions: a. 6% on all estate income; b. 5% of the estate up to $200,000; c. 3.5% on excess above $200,000 up to $1,000,000; d. 2% on excess over $1,000,000 or such other percentage as the Superior Court may determine. There are different rules for commissions when there is more than one Executor, or when the Executor has rendered unusual or extraordinary services. In some cases family members may choose not to accept (waive) fees. However, a decision to waive fees should be made only after the legal (who will get the money) and tax (what is the cost of the lost deduction) issues are considered.

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You need to open an estate with the probate court. You can usually get a packet of the required forms at the courthouse. One of them will be a form asking to be appointed as the executor. The court will then accept the form and issue a Letter of Authorization which gives you the power to do the work necessary.

The executor of a will is the person responsible for making sure the wishes of the testator are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate reports with the probate court.

Probate is actually the offering up a will to the court as the true original and last will and testament of a decedent. The term "probate" is often confused with "estate administration." To understand estate administration, one must first be aware of the concept of a decedent's estate. "Estate" is a term commonly used to denote the sum total of all types of property owned by a person at a particular time, usually upon his death. But, it may be better to think of an estate is a legal entity ("thing") that springs into being upon the death of an individual person. It makes sense, since generally a deceased person cannot by law own property, be indebted, give property away. And so the person's "estate" assumes these roles and responsibilities, and someone must manage (or administer) the estate. Administration comes in two flavors - with a will (testate) and without a will (intestate). Where a person administers a testate estate, that person is known as the executor or personal representative. The term probate actually involves an initial step in the administration - presenting the will to the clerk's office and qualifying as the executor. In testate and intestate situations, the general responsibilities are the same: * Gather the assets of the estate * Account to the estates division for the assets * Distribute the assets according to the will. If the decedent had no will, then the property is distributed according to the North Carolina Intestate Succession Act, which may or may not represent the intent of the decedent. * File the appropriate accounting the estates division and the appropriate tax returns, both individual and fiduciary (for post-death income). Types of assets to be gathered include bank accounts, vehicles, real estate, life insurance, pensions, stocks and bonds, income tax refunds, personal effects, business interests, boats. Thomas Neagle is a North Carolina attorney with his practice focused on estate administration and planning. He can be reached at 919 932 7445.

Trusts are not probated. Wills are probated.

It varies from state to state. Most states have a minimum amount of time for an estate to remain open. This is to insure that all creditors have an opportunity to file claims against the estate. Usually the absolute minimum is 90 days. A year is certainly not unreasonable. There are some estates that have been open for decades! These are the exception and usually deal with millionaires and publishing rights. The probate process can take anywhere from three months to three years or more depending on the number and type of assets which need to be distributed in the probate estate. Additionally, liens and creditor claims against the estate can add weeks or months to the process. In many cases the probate of an estate can extend far beyond the generous time line for distribution laid out by the executor or probate attorney.

The court can appoint a successor. Family squabbling cannot be allowed to stop the probating of the estate.

The court can appoint a successor. Family squabbling cannot be allowed to stop the probating of the estate.

The court can appoint a successor. Family squabbling cannot be allowed to stop the probating of the estate.

The court can appoint a successor. Family squabbling cannot be allowed to stop the probating of the estate.

Not necessarily. Depending upon the size of the estate, if the deceased owed debts and if any of the assets or property of the estate is subject to taxation, probate action may be required. The surviving family members should not transfer, sell, gift or in any manner despose of any property or assets belongin to the deceased until they have determined the status according to the probate laws of the state,

i cant afford a lawyer, the lawyer who is supposibly handling it will not callme back i am one of three children who have been left items and monies since my moms passing, can you tellme how to get some answers

Louisiana has the most complicated laws of intestacy in the US. It is the only state that has a legal system based on the Napoleonic Code. You can read more about it at the link provided below.