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The executor must discuss that with the lender. If the executor is going to inherit the property the lender may agree to allow an assumption of the mortgage.

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No, not as long as they didn't co-sign the mortgage. However, if the parents have died and their property is subject to a mortgage the lender will foreclose on the property if the mortgage isn't paid. If the heirs want to keep or sell the property they must keep the mortgage payments current.

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A vesting assent is given by a personal representative of an estate in the UK to convey legal ownership of property that is the subject of a bequest or devised to a tenant-for-life of 'settled property'.

'Settled property' is a complex feature of UK property law. You can read more about it at the link provided below.

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The named executor or family can secure the property and must immediately file the will and commence the probate procedure. Until appointed by the court, an executor has no legal authority over the estate. If necessary, there is en expedited process by which a temporary executor can be appointed by the court until the executor can be appointed.

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Once a life tenant releases their life estate they have no rights in the property and no responsibilities regarding the property. It is up to the fee owner to determine the terms for the continued use of the property. The owner may serve notice for the former life tenant to vacate the premises or the owner can require the tenant to sign a lease and pay rent. It is up to the owner.

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It Depends:

Yes - If you gave the check to someone to who you owned some money and need to pay that person for the service he provided you. Since a stop payment results in no-payment the person who got the check can get you arrested

No - If the check was lost or stolen. You can always issue a stop payment to ensure that even if the check is misused by anyone to whom you did not intend to give it, the bank won't pay the check.

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The beneficiaries of a trust are not usually the "actors". Acting jointly or severally generally pertains to entities that perform the same functions such as trustees. A trust can provide that the trustees can act jointly or severally. That means, one trustee can take any action allowed by the provisions of the trust without the consent of the other trustee. You need to add more details regarding how you think "jointly and severally" would apply to beneficiaries.

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Most states require that all beneficiaries receive a copy of the will when the probate process is started. If not, the will is public record once it is probated. Contact the court where the estate is being administered and ask for a copy.

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Yes. If property is subject to a life estate and then it's conveyed by deed, the property remains subject to the life estate until the life tenant dies or releases their life estate in writing.

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The grantor is the person who declares the trust and then transfers property to the trustee. In a testamentary trust the decedent is the grantor. That person can also be called the testator.

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You can file an objection to the appointment of the executor during the period reserved for such objections in your jurisdictions. If you think the court appointed executor is not performing their duties properly you can file a motion with the court to have the matter reviewed.

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Yes. If the executor has refused to make distribution then you should complain to the attorney who is handling the estate and to the probate court immediately. They can be compelled by the court to act or they can be replaced.

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By assignment. If it is a publicly traded company, you contact the company's transfer agent for the appropriate forms. If it is not publicly traded, a simple assignment will do. You should also notify the company secretary.

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While I am not exactly certain what you mean by "bartenders fees", presumably either - 1) Wage paid to a bartender where tips are expected on top - (hence sometimes allowed to be below minimum wage - like waitresses) - 2) Tips/gratuities 3) A flat fee paid to a bartender for services, typically, at an event (like a wedding, etc). All are absolutely, without a question, taxable income to the recepient, virtually always as wages, (and frankly hard to envision how anyone could think they may be anything else).

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Absolutely not. The purpose of a joint tenancy is to bypass probate. Property that was held as joint tenants isn't included in the decedent's estate and is not subject to probate.

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If the parent is the sole owner of any property at the time of death their estate must be probated.

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If you mean for purposes of inheritance or medical treatment then yes, your parents are your next of kin as long as you are not married. If you're married your next of kin would be your spouse. For purposes of inheritance the term is heirs-at-law. See related question links provided below.

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Yes. When a person is named as a trustee there is generally an acceptance executed by the trustee and filed with the trust. You only need to make if known you do not wish to serve and the trustor can name a different trustee.

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You need to review the terms of the trust to determine how it must be managed. A well drafted trust will include a provision for an alternate beneficiary if the primary beneficiary dies or it will include a provision for the termination of the trust and distribution of any remaining trust property.

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