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Estates

Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.

6,325 Questions

Can you viably appeal teamster denial of claim with a legal will stating you as beneficiary?

Teamsters have a legitimate right to demy claims for a number of reasons. It is possible to successfully appeal a denial when supporting evidence is available.

Relationship of production function with other functional area of production management?

The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.

Can you find a dead persons national insurance number?

National insurance numbers are personal information and do not come under public documents.

How much is 980000 pounds of silver worth in U.S. dollars?

980,000 troy pounds of silver=

980,000 x 12 troy oz per troy pound=11,760,000

11,760,000 x $17.01 NY spot price = $200,037,600

What are the main responsibilities of an executor of a will?

The duties of an executor are to prove the will to bury the deceased collect in the estate to pay the debts in their proper order to pay the legacies and distribute the residue among the persons entitled the executor may bring actions against anyone who is indebted to the testator or are in possession of property belonging to the estate

What is trust corpus?

the body of a trust. contents of trust.

Are trust distributions taxable to the beneficiary?

Trust and Estate Income Distribution Deduction Taxable income earned by a trust or estate is taxable either to the trust or estate or to its beneficiaries but not to both. The trust or estate is allowed an income distribution deduction for income taxed to the beneficiaries. Beneficiaries receive Schedule K-1 informing them of the amount and types of income to include on their individual tax returns. Income passed through to the beneficiaries retains its original character (interest, dividends, capital gains, etc.). The income distribution deduction is the LESSER of: • Distributions less tax-exempt income included in distribution, or • Distributable net income less tax-exempt interest. Check here for more information: http://www.1041accountant.com/index.htm

What is grant of representation?

When someone dies, the Probate Court issues a legal document to the Executor or Administrator to give them authority to dispose of the estate. The court issues Letters Testamentary to an Executor and Letters of Administration to an Administrator. That action by the court is formally known as the grant of representation.

Grandmother willed you money how do you get it?

Depends on where the loot is. Usually, simply presenting a certificate of death and your power of attorney and/or a copy of the will to the bank will get the job done. If the money is a huge pile, a lawyer might be the way to go.

What are the stipulations of an or definition of contractual plan completion insurance?

An insurance policy for persons who have agreed to buy mutual fund shares in a periodic payment plan. If the policyholder dies before he/she has finished buying shares on the periodic payment plan, the insurance policy will purchase the remainder of the shares the policyholder agreed to purchase

Are the surviving children responsible for paying off their own debt backed by the estate of the deceased?

The estate is responsible for paying off the bills of the deceased, first and foremost. Surviving children should not have access to the funds until the estate is settled. If the children are minors, the court will appoint a guardian and will usually advance living expenses to insure they aren't without money and a place to live.

Is money left to you from an estate taxable?

Yes,Inheritance-tax is charged on chargeable transfers made during the taxpayers lifetime as well as on death,subject to reliefs and acceptions.

In Arizona is the executor of a will entitled to compensation?

The executor of a will is entitled to compensation. It has to be fair and reasonable. It also has to be approved by the probate court.

What's an abeyance?

The condition of an inheritance which has no present owner, such as a peerage. Means KEEP PENDING (held in abeyance), till the main matter is settled. In property law, a lapse in succession during which no person is vested with title or until the owner can be determined.

How should you word your will?

There is no set wording for you to abide by when writing your will,although it has to adhere to the Wills Act 1837,which states that you must write your will down on paper and you must sign it in the presence of two witnesses.Your will must make your intentions absolutely clear otherwise its provisions will be void as uncertainty.

What is a possessory lien?

A possessory lien is the right of the creditor to retain possession of his debtors property until his debt has been satisfied.

What is a general lien?

A general lien is available as a security for all debts arising out of similar transactions between the parties.

What banks participate in the medallion signature guarantee program in Illinois?

US Bank and The Community Bank of Oak Park and River Forrest. Please consult with your local branch about any fees for this service.

An unmarried Ohio dad died without a will. Are his children entitled to his personal belongings?

In general, yes. Without a will, the intestacy laws of Ohio will kick in. Given that he has children, the default is that the descendants will inherit the estate, including the personal property. Consult an attorney in Ohio for the details and procedures that must be followed to distribute the estate.

What banks participate in the medallion Signature Guarantee program in GA?

Is Bank of America a participant in the medallion signature guarrantee program /

Do you have a claim to your late husbands share of family trust?

You do have a claim in your late husband's share of a family trust if that trust was willed to you by your husband. You can hire an attorney to help settle the trust.

Who wrote the tipitaka?

The Tipitaka contains different histories and teachings of Buddha. The contents of the Tipitaka were handed down orally and then finally put into writing. It is not clear as to who the contributors were.

Where are the Allodial titles?

Allodial titles come from a pure trust that anyone can create. Therefore, Allodial titles are not controlled by anyone but the people as it should be. Deeds were created by Henry II Plantagenet in the 12th century who passed out land to people he liked called "Vassals". This feudal system still goes on today albeit we believe it was something of old. When man does no take control, he leaves it to someone else. Thus, the government believes that they can grant original, patent, freehold, etc., title when they only take the responsibility of the pure trust. It is the blind leading the blind. As a result people hold deeds and do not have proper title, the Allodial (no load) title. Still the word "allodial" must be used and not freehold or no load title. The wording is very important.

What is the fee an executor of an estate receives in Massachusetts?

They get paid for reasonable out of pocket expenses as the court may allow. There is no set amount and if it is not stated in the will then the beneficiaries decide the amount. If they can not agree on the fee a judge decides what is reasonable.