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Estates

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

6,325 Questions

What are the inheritance rights in a common law marriage in Virginia?

Basically, inheritance rights in the 'estate' of a person who died and was in a common law marriage, are pretty much the same as the inheritance rights in a 'statutory'marriage. Common-law marriages are not that common; they only exist in a very few states in the United States of America. As a general rule, and that is a very general rule, they work exactly the same as the statutory marriage. When you are married, you are married. And you and your property and relationships are controlled by marriage, not the way you got there.

Who pays the attorney fees on an estate?

The executor's fee comes out of the general estate funds, not out of the beneficiaries on a pro-rata basis. But in a practical sense, the residuary legatee is the one who pays the fees, just not directly. Example: An estate is worth $100,000. Debts and expenses are $50,000., of which $10,000 are the executor's fees. The will gives the sum of $50,000 to person A and everything else to person B. After payment of the $50,000 in debts and the gift to A of the $50,000., nothing is left. So B, the residuary legatee has effectively paid the executor's fee.

In some states beneficiaries have been successful in petitioning the court to spread the fees in a more equitable manner when there are limited funds.

Can a wife inherit a husband's estate after he is dead?

This depends on the state in which the decedent died, so those laws must be checked. The general rule is that assets in a decedent's name alone may be transferred by the will alone. A will is a document of transfer, except that it operates only upon death. If the spouse has all assets in joint names with her husband, then no probate is needed because the bank account is transferred to the wife by operation of the banking and property laws. Generally, though, even if there is only a single asset, like a car, in the decedent's name, the will has to be probated to give the wife authority to sign the proper paperwork to transfer title.

Can an estate executor pay themselves or others?

An executor of a will may be paid for work done on the estate if the will states they are to be paid. Most states will allow expenses to be paid within reason to the executor, but they must show proof.

Can you have two executors?

Yes. You may name co-executors in your will. However, if you do so you should make certain that the two get along well and that your instructions in the will are very clear. You might consider naming an arbitrator, your attorney perhaps, if the two have a disagreement they cannot resolve.

Does the Executor answer to the beneficiaries?

The executor should operate in the estate's best interests.

What are the responsibilities of an estate attorney?

Estate lawyers handle estates. An estate is what is left when someone dies. It contains all of the assets and debts of the deceased. The estate lawyer will assist the executor in fulfilling their duties and insure the estate gets settled.

Is MA a community property state?

No. In the United States there are ten community property states:

  • Alaska
  • Arizona
  • California
  • Idaho
  • Louisiana
  • Nevada
  • New Mexico
  • Texas
  • Washington
  • Wisconsin

How do you protect an inheritance to your son from a present or future spouse or domestic partner?

You need to put the inheritance into a trust account--If you have children put the kids on the account.

That is a very touchy issue.

Grantee dies before a quitclaim got recored can it be recorded after his death?

Generally, if the deed was properly executed in all respects then you should record it immediately. If there are any defects that cause the land records office to reject it for recording then you will have a serious problem on your hands since the grantor is deceased. State laws vary so you should seek the advice of an attorney.

Can an executor remove property before probate?

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.

Who has more rights in a person's property when they die the spouse or children?

That depends on state laws of intestacy and those laws vary from state to state. In some states the surviving spouse takes it all. In some states the spouse and children share. In some states the spouse takes it all unless there are children of the decedent who are not her/his children. You can check the laws of intestacy for your state at the related question link provided below.

Can one sibling be selected to be executor of the estate even though all 5 children have been assigned as executors of the estate?

* Generally there are only one or two Executors to a Will. Executor (male) or Executrix (female.) It is odd there should be five Executors. An Executor/Executrix has the right to decline to handle the wishes of the said Will and this is the reason for basically having a back up Executor or Executrix. The group of siblings should get together and decide who will be handling the Will as Executor or Executrix. If one is chosen then they should get a fee for their trouble which is anywhere from one to four percent of the entire Estate (property, monies, etc.) and that will be up to the other siblings unless otherwise stipulated in the Will.

Can the executor of the estate buy your portion out?

If you wish to sell it to them. You are not under any obligation to do so.

What should you pay a preacher for a funeral service?

Most of the time, pastors won't charge a certain amount. They often say that no one is obliged to pay them, especially if the one who passed was a member of the congration. However, my father is a pastor and he usually gets anywere from $20-$100 for a funeral.

What happens when a beneficiary of a will dies before his or her share of the inheritance can be distributed?

If there are no stipulations in the will as to what should be done in the event one of the beneficiaries should die, then the state probate succession laws apply. The executor should contact the probate court for instructions as to the manner in which the deceased beneficiary's share of the estate is to be distributed.

What are the legal responsibilities of an executor?

It means you are "basically" your father in the sense that you are finishing up paying your bills, arranging your funeral etc. You are also the "boss" of his estate including dispersing any monies or property according to his will. If you are not sure about the "power of attorney" that is associated with this position, consult your father's attorney for more details. As Executor (in some states) the Excutor is allowed a small payment for their "services" if they so wish. The Executor has the power to sell anything that is not willed to someone but those monies must also then be included as part of the estate. You also will have to disconnect/cancel any car insurance(s), phone, gas etc, notify the Social Security and DMV of his death including getting all the death certificates for each, his credit cards, banking, home owners insurance and such. Each will require a death certificate. Usually the funeral homes can provide you as many of them as you might need.

Can there be multiple trustees on an irrevocable living trust?

Yes. The trust can name any number of trustees and if there is more than one it must state whether the trustees must all execute any documents together or have the power to sign documents independently.

Are wills filed with the state?

Generally a will would be filed wherever the decedent last lived. However, if the decedent owned real property in any other jurisdictions (states) the will would also need to be filed in the probate court where the land is located in order to vest title to that land in the heirs. In Massachusetts that would be a Petition For Allowance of a Foreign Will.

What is a probate?

At death, your will goes through probate. Probate simply means the process by which your last will is determined to be your final dispositive statement and which confirms the appointment of the person or institution you have named to administer your estate. The term "probate" is also used in the larger sense of probating your estate. In this sense, probate means the process by which assets are gathered, applied to pay debts, taxes and expenses of administration, and distributed to those designated as beneficiaries in the will.

Can you create a life estate in a will?

A person who owns a life estate cannot leave it to heirs. The life estate expires when the life tenant dies.

In another sense a person can inherit a life estate. For example, suppose William is married to his second wife, Sarah. William and Sarah live in the home that William shared with his first wife who died many years ago. It was the family home where he grew up and where he raised his own children. In his will William can leave his home to his children but reserve a life estate for Sarah so that she can continue to live in their home for the duration of her life. When William dies Sarah will inherit a life estate. When Sarah dies William's children will own the property free of her life estate.

If someone dies and leaves the house to their child but owes a lot of credit card debt can a lien be placed on the property to collect the debt?

es. The debts of the decedent must be paid before any property can be distributed. The creditor can file a claim against the estate. The estate must be probated if it contains real property in order for title to pass to the heirs legally.

es. The debts of the decedent must be paid before any property can be distributed. The creditor can file a claim against the estate. The estate must be probated if it contains real property in order for title to pass to the heirs legally.

es. The debts of the decedent must be paid before any property can be distributed. The creditor can file a claim against the estate. The estate must be probated if it contains real property in order for title to pass to the heirs legally.

es. The debts of the decedent must be paid before any property can be distributed. The creditor can file a claim against the estate. The estate must be probated if it contains real property in order for title to pass to the heirs legally.

What if trustee dies?

You must review the instrument that created the trust to determine how a successor trustee must be appointed.

A trust will never fail just because of a lack of a trustee. If the instrument itself does not provide for a determination of a successor trustee, the parties in interest, whether they are present or future beneficiaries or even legitimate creditors of the trust, may apply to the appropriate court for the appointment of such a trustee. The parties may request the appointment of some particular person or entity. The court will generally appoint the requested person but it is not bound by such a request if the suggested person is somehow inappropriate for appointment.

Tracing a last will and testament?

For an estate to be probated the last will and testament must be recorded at court. If the will was filed then there should be a record of it in the probate files of the Clerk of The Court. If the will was not filed the only other option would be to try to determine who prepared it (attorney, etc) to see if they may have a copy of it in their files, or try to determine if the deceased had a safety deposit box.

A unsigned letter has legal binding no?

It depends on what sense of "legal" you are referring to. An unsigned document in and of itself is not generally binding or enforceable. An letter used as evidence of some particular fact could be verified by a handwriting expert. It depends on what you mean by legal and the circumstances. You need to provide more details.

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