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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 the IRS take life insurance?

The policy would not be subject to seizure during the person's lifetime and it Could not be used to pay tax arrearages if there is a beneficiary named at the time of the insured death. If the issue concerns tax owed by a deceased and a death benefit received by the deceased's spouse who was a joint filer, then the surviving spouse would be liable for said tax arrearages.

If you are a joint tenant with right to survivorship can a creditor come after your joint asset?

No. When a joint tenant dies their interest in the property dissolves and the surviving joint tenant owns the property. You should discuss the issue with an attorney who is familiar with the law in your state.

How do you know who has power of attorney if lawyer is unknown and person now deceased?

If a person is deceased any Power of Attorney expired at the moment of death. There is no POA that can be connected to a person who has died. In order to acquire the authority to handle the property of someone who has died an Administrator must be apppointed by the court. If you are an heir at law of the decedent then you could petition to become the Administrator of their estate. You should consult with an attorney who specializes in probate or with a clerk at the probate court to determine what you need to do to settle the estate.

If someone removes personal property from an estate before being sworn in as the executor can this be considered theft?

Technically it is theft. They are suppose to provide a complete inventory of the estate to the court with the valuation of all assets. If they are trying to avoid paying taxes on this, they can get into trouble.

Another Perspective:

Nothing in the question implies that the executor is stealing property or converting it to their own use. There are circumstances that would prompt the named executor to remove property for safe keeping while the executor is awaiting appointment by the probate court. An estate may be at risk during the period immediately following the death of the testator and before the court has allowed the Will and appointed the executor. Property removed for security purposes will simply be added to the inventory.

For example, if the testator lived alone the executor may need to remove valuable property (such as cash or jewelry) from the premises to prevent theft, especially if others have access to the property. Greed often emboldens heirs to help themselves to estate property and the executor has the added duty of securing that property until the probate process is under way. The very act of submitting the Will for probate and petitioning for appointment would support the soon-to-be-appointed executor's actions. Any property so removed should be added to a list for the inventory that will eventually be submitted to the court.

Can my sister who is executor forbid me from entering the property?

The executor is responsible for maintaining the value of the estate. That includes insuring that no one removes goods before they are properly inventoried and valued. It also insures that no one gets something without letting anyone else get a chance.

Can one leave one's frequent flyer miles in one's will?

Probably not going to happen. Read the agreement carefully. There is almost certainly a clause regarding the non-transferability of the miles.

Can a person own a property without any undivided share of land?

No. When more than one person owns land they each own an undivided interest. That means they each have the right to the use and possession of the whole property even though they own a half interest. A sole owner would, of course, have the right to the use and possession of the property. They would acquire their interest by deed or by inheritance. Property ownership is by definition the right to the use and possession, and the right to leave the land to your heirs. If you do not have a will the property will pass to your heirs-at-law according to law.

A person cannot own real property unless they have acquired an interest by deed or inheritance.

What is sovereignty of soil?

Protective Coatings and Compounds by Loctite hahaha

Can jointly owned property be willed to spouse with stipulations?

Property held in a joint tenancy automatically passes to the surviving owner. You cannot attach stipulations to it.

Why did you get a notice of petition for probate of will?

If you received a notice of the petition for probate of a will then you are either a devisee under the will or an heir at law.

Who would inherit my home if I die with no will with my husband on the deed and two children not of this marriage?

That would depend on the tenancy recited in the deed to you and your husband. If a joint tenancy or tenancy by the entirety was created in your deed then he would become the sole owner of the property upon your death. He could then make his own will and leave the property to his own relatives when he dies. If there is no tenancy recited on the deed or it provides that you will hold the property as tenants in common then upon your death your interest in the property may be shared by your children and your husband according to the laws of intestacy in your state. Your children may receive nothing depending on the value of the estate. Alternatively, if the property is owned as tenants in common you could leave your half interest to your children in your will with a life estate to your husband. That way he could continue to live on the property and when he decided to sell or if he died your children would receive half of the proceeds of the sale of the property. You should seek the advice of an attorney to discuss your options.

What forms need to be filed to close an estate in probate?

The documents will depend on the jurisdiction. Your court house probably has a packet of documents already made up. A probate attorney in your area can help as well.

In what order will heirs be considered when there is no Will?

States are very specific as to who gets property when someone dies without a will and have codified the distribution. And it is typically faster, because the judge is very impartial and follows the letter of the law. If there are arguments over who gets what, the judge sells it and splits the money.

What information is needed by the personal representative or the probate lawyer to determine who the heir is?

A last will and testament is needed to probate an estate and determine who the heirs are. If there is no will the property will be distributed according to the laws of intestacy. You can check the laws in your state at the related question link.

If your deceased grandmother left money to your deceased father who was the beneficiary who then receives the money?

You should speak with an attorney who specializes in probate law in your state. If the estate is being probated then speak with the attorney who is handling the state. See the information in the related question link provided below.

Can the beneficiaries appoint a third executor when co-executors can't agree?

No. An executor must be appointed by a court. Even if named in a will an executor has no legal power or authority until they have been appointed by the court. The will must be submitted for probate and the court must appoint the executor.

What happens to house if husband dies without will in WA?

It is going to depend on the type of deed for the property. If it was purchased while they were married, she would expect to become the sole owner of the home, subject to any mortgage.

Can a person who has been named executor of an estate issue a power of attorney to another person to act in their behalf in the matters of the deceased's estate?

AnswerNo, they cannot execute a POA. In most jurisdictions they could file an Appointment of Agent with the probate court authorizing another person to act in their stead.

Is a Husband responsible for medical bills of his deceased wife in KY?

Unfortunately, yes. If you were married when these bills occurred then yes you are responsible. It is like property of a married couple- anything that is acquired during a marriage belongs to both of you. So if these bills were acquired during your marriage then yes you are responsible. If your wife were still alive you would be held liable if you were still married. So just because she is deceased does not change this, Sorry.

Can an irrivocable trust be used to keep land in a family so doesn't have to sell to pay for nursing home?

Yes. However, the trust should be drafted by an attorney who specializes in trust law, estate planning and tax law.

Who pays the property taxes on heir property when one of the heirs are living at the property?

The decedent's estate must be probated in order for legal ownership to pass to the heirs. The legal owners are responsible for paying the taxes. If one heir is living on the premises they should all make up an agreement in writing as to who will pay the expenses.

Trustee buy house from trust?

In many cases a trustee may convey the trust property to himself as an individual. It is often done when a group decides to terminate a trust. However, this type of a transaction should be handled by an attorney with experience in such transactions who can make certain the sale is uncontested and the deed will be accepted as a valid conveyance by future title holders. The attorney can first confirm the conveyance is not a result of self-dealing by the trustee and then arrange to make the transfer with the proper documentation to maintain a clear chain of title to the property.

If boyfriend dies with out will what happens to girlfriend that has been living in his house for ten years?

His property passes to his blood relatives. She will need to make an arrangement with them to continue living in the house, probably paying rent and expenses, or move out if they request that she do so.

Can an attorney holder legally further delegate its power?

He cannot delegate his powers in any manner unless he has been specifically authorised to do so.

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