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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 is Joint account with survivorship?

That means two or more people share an account and when one dies the other or others automatically acquire the share of the decedent. The last one living will become the sole owner of the account. A joint account does not need to pass through probate.

How much does a mechanical engineer make a year?

The salary depends on basic qualification and length of experience and the expertise on any particular process or methodology. Normally a beginner would get US$ 1500 in USA But in Asian countries the salary would be somewhere around US$ 200 There are Mechanical Engineers getting the salary of US$ 15000 per month in large organizations, specially in Oil and Gas fields and Refineries / Petrochemical Projects. The range is varied by many factors.

How legal is a will that was signed by someone under the influence of alcohol?

Technically speaking, not legal. However, as they say, "the devil is in the details". First, one would have to prove that the person signing the will was actually under the influence of alcohol at the very moment the will was signed. If there are hospital BALs (blood alcohol levels) which can prove this, then there is a case to be made. Secondly, it must be proven that, when the person signing is/was sober, his/her intent did or did not comport with every portion of the will. Thirdly, one was determine whether or not other wills were executed which may be in disagreement with the will in question. And on it goes. But this is a starting place, at least, in answering this question.

My father died without a will and I inherited his property. His estate was not probated. Do I have legal title?

The property is still in your father's estate and his estate must be probated. You are not the legal owner.

In order for title to real property to pass to the heirs-at-law in an intestate estate (no Will) or under the terms of a Will, the estate must be probated. Title is passed to the heirs by the probate process. You cannot "title" the property in your name until the estate has been probated. You cannot sell or mortgage the property until the estate has been probated. Until you probate the estate you only have what is called equitable title.

You should consult with an attorney who specializes in probate who can review your situation and explain your options.

What type of clothing did the scribes wear during 29 AD?

The Scribes during 29 AD word robes and long clothing. The Scribes were responsible for writing out the scriptures and teaching others about Jewish law.

What rights does a sibling have when another sister has poa but you can prove they intended and did fraud?

The person harmed (likely the principal) can sue for breach of fiduciary duty. I'm not sure the sibling has any standing, unless it's for tortious interference with inheritance rights.

Can someone be the executor of a parent's will at age eighteen?

Yes, however it is strictly up to te individual state to determine the age for an executor so you must check that particular state's laws to be absolutely certain. Virtually every, if not all, states do allow this since the age of majority for virtually every function, except using alcoholic beverages, is eighteen.

Your husband passed away leaving you everythig in his will he died of asbestos and they are now the attonery pursueing a wrongful death case how this change what you are intitled to?

It should not affect your inheritance from his will at all - you inherit from your deceased husband everything he wanted to leave you. As far as the wrongful death suit is concerned, you will probably still be entitled to receive something, but because you are now a survivor of the victim, and NOT the principal victim, it may be reduced. You may want to contact the law firm bringing the action.

If one of the executors of the will dies before the person who made the will and he is also a beneficiary does his share go to his wife?

It depends on how the will was written. There may be a survivorship clause. This would indicate that someone had to survive the deceased by a certain number of days in order to inherit. It was intended to avoid having estate monies going through probate twice in one years.

What are the laws in Texas when someone dies without a will?

== == Texas intestate succession laws are quite complicated, especially when they pertain to married couples -- Texas being a community property state. Professor G. Beyer teaches at TTU school of law and has a very informative site concerning such issues. http://www.professorbeyer.com It depends on the size and nature of the estate. If it's just real estate, an affidavit of heirship, signed by two disinterested persons and recorded in the county deed records, is sufficient. Sometimes a small estate affidavit will do, or perhaps an application for order of no administration. Larger estates would likely need an heirship proceeding and administration. If all distributees are adults and agree, the administration can be independent of court supervision, other than determining heirs, appointing the administrator, and approving an inventory.

Are executors of an estate who are also beneficiaries required to provide the other beneficiaries with an annual report?

Yes, you can request this through the lawyers. Executors (males) Executrix (female) are performing a duty and they have to account for every cent in that Estate. If the beneficiaries want to know what is going on they should not only have a copy of the Will given to them, but the Executor should be keeping some type of bookwork or journal as to what outstandings bills they are paying for the deceased. NOTE: Jewelry and personal effects of say the mother going to her daughters can be distributed before Probate. Marcy

Are you responsible for a lien for POA dues on property you inherited?

Only if you want clear title to the property. If you fail to clear the lien, the property can be sold from under you. If the lien holder does not forclose you will still not be able to sell the property until the lien is satisfied. Just pay the debt, especially if it is valid. When you inherited the property, you inherited the debt.

In Washington state what does the wife get when the husband dies?

grandpa died, power of atty. already given before death. granny, married to gramps for 10 years, wa.state. She is of sound mind and body. Isnt everything hers, unless she has given up her control, because of impairment? Still, she would be in ultimate control, and ownership, am I wrong?

What is the inheritance tax in New Hampshire?

Inheritances passing to the spouse, descendant, or ascendant are not subject to taxes in New Hampshire. Exceptions apply also to charitable organizations. Other bequests are taxable at the 18% rate. The legacies and succession inheritance tax was repealed in 2002 for deaths occurring on or after January 1, 2003.

Is there a time limit in Illinois for an executor to settle an estate if no time period is specified in the will?

No....i was an executor in Illinois and it took over 4 years to settle the estate. If the lawyer has other matters to attend to and you dont push for an end you can go for quite awhile. Most good lawyers will have the estate tied up within 6 months.

How do you dissolve a trust fund and regain my cash?

You must review the terms of the trust. All the provisions of the trust are set forth in the document that created the trust. It should contain language stating how the trust can be terminated. If there is no way to terminate the trust you may need to get a court order. You should consult with the attorney who drafted the trust for you.

There are community states and what other kind?

There are community property states and separate property states.

Can one with Financial Power of Attorney change the beneficiaries on her mother's life insurance policies before her death?

Generally, every state has a section in the state laws that governs the powers of an attorney-in-fact under a Power of Attorney. Powers of Attorney grant sweeping powers and the attorney-in-fact should be chosen carefully. Generally, the power to designate beneficiaries is included, however, the AIF cannot name themselves as the beneficiary. You can perform an internet search for your state by entering the name of 'your state + statutory powers of attorney'. Then look for a link for an official state source.

How do you break a life estate trust?

A life estate must be released in writing by the life tenant. The release must be acknowledged by a notary and recorded in the land records.

If a single parent dies intestate do the children have to file probate?

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

What are your inheritance rights as an adopted child?

A legally adopted child has all the rights of a biological child for purposes of inheritance under the state laws of inheritance and intestacy.

What can heirs of an estate do if the executors refuse to have items appraised as stated in the will?

Return to the court that appointed the executor and petition to have the executor removed and a new one appointed.

Where can I find a sample letter of appointment for a trustee?

You can find some examples of these by looking online. There might also be some available from other companies that could be helpful.

Trust deed leaves property to 4 adult children Both parents have now passed away If one of four dies who would receive their share?

A trust deed conveys property to a trustee who then holds title to the property according to the provisions of the trust. You need to examine the provisions of the trust document to determine who the beneficiaries are. If the house is the only property in the trust you need to read the actual trust document to determine who the beneficiaries are as recited in the trust document. That trust document controls what the trustee may do with the property and who will inherit a deceased beneficiary's interest. If the trust doesn't mention what will happen if one of the siblings dies then perhaps the trust gives the power to the trustee to convey the property by a deed TO the four siblings. You could then decide how it will be held by the four of you. If the trust states the property should ge distributed to the four children upon the death of the parents then the trustee can convey the property to the four children by deed. If that deed recites that the grantees will hold the property as joint tenants with the right of survivorship and one dies, her share will pass to the remaining siblings. If that deed recites that the grantees shall hold as tenants in common and one dies, her share goes to HER heirs. Therefore, if you get a deed from the trustee passing title to you then you can decide for yourselves how title will be held. If the trust doesn't give the trustee the power to sell then the trust will need to be modified by judge so the property can be conveyed to the heirs. In any case, you should seek legal advice from a probate/real estate attorney to straighten this matter out for you. This situation is subject to your own state laws.