answersLogoWhite

0

💰

Estates

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

6,325 Questions

When a deceased person is found how are the next of kin contacted and how do they claim the body?

it sounds to me like who ever asked this question may have killed someone and is curious how long it will take before they will be caught. i think this person should be watched and if any of there kin folk are found dead then the person who asked this question should be investigated.

I live in another state from my family. When my father died in the hospital, the doctor called the city I lived in and had the police inform me of his passing. Police usually inform relatives when the death was unexpected or unattended by a family member. As for claiming the body, call the hospital or facility in which the person died in/was taken to for further instructions.

Is property held in trust subject to estate recovery by medicaid?

If the trust is drafted properly by an expert in trust law, the property should not be vulnerable to creditors. For any trust needs or questions one should consult with an expert in trust law.

What Steps must be taken to freeze estate account to stop executor theft?

You need to obtain a court order. You must do so ASAP. Keep in mind that an executor has no legal authority to deal with a decedent's bank accounts until they have been appointed by the court. If the executor has been appointed by the court you must file a motion immediately to have the letters testamentary revoked.

How long to you have to settle an estate in Maryland?

Our executor is our brother ,we has lied he have received 2.7 of property out of 8.19 now is 5.19 me an my sister belongs to split 5.19 a and if we sell he between a third because his name is on the deed ,need help

Who is the next of kin for minor child with unmarried parents mum or dad?

In the US and the UK a minor child's next of kin is her parents. It doesn't matter whether they are married and the law favors neither one. See the related question for a more detailed source for inheritance from intestate estates.

Is a life estate a freehold estate or a less than freehold estate?

A freehold estate is a right of title characterized by two features: it is an interest in land and the interest is not of a fixed duration.

In the United States a life estate is a freehold estatealthough the ownership is of a limited duration. That duration can be measured by the life of the life tenant or of another person. When the measured life ends the life estate expires.

A life estate in England and Wales does not create a freehold estate.

After death does person with power of attorney have a moraland legal obligation to family members to inform them of the contents and accountability of funds prior to death?

Yes. The attorney-in-fact should turn over any account information, statements, check books, etc., to the executor or administrator. And yes, you are legally accountable for any funds you spent while you had power over the decedent's estate as their attorney-in-fact. If you are accused of self-dealing then you will need to prove that every expenditure you made while attorney-in-fact was for the sole benefit of the principal. Their death doesn't shield you from accountability. If you refuse to co-operate you can be sued.

Is the holder of a life estate allowed to rent the property while he is absent from the property?

Certainly! A life estate means he can use the property as he desires as long as he lives. That includes renting it out to others. It usually goes for a lot less then a normal rental, because it would end at the death of the life estate holder.

What power does the attorney-in-fact have under a Power of Attorney once the principal has died?

A Power of Attorney is only effective while the principal is living. Once the principal (the person who appointed an attorney-in-fact under a POA) dies the POA expires immediately and a new fiduciary must be appointed by the court to settle the estate. The court must appoint an Executor if the decedent left a will or an Administrator if the decedent died intestate (without a will).

As executor of an estate do you have the right not to give money to an heir if you feel she was using the deceased just to become an heir?

An executor must follow the provisions in the will and for any property not distributed by the will must distribute it as intestate property according to the laws of intestacy. An executor does not have discretionary power of distribution unless that power was specifically granted in the will. An executor is personally liable for any acts that go against the will or violate the law.

Can a joint tenant transfer their interest in their property to a trust in California?

Yes. However, you should discuss your plan with an attorney and note that by making a transfer of your interest you will extinguish the survivorship aspect of your ownership. If the other tenant dies their interest will pass to their heirs and not to you as the surviving joint tenant.

Does property automatically go to the closest heir?

No. Property passes by Will or by the laws of intestacy in the jurisdiction where the property is located. You can check the law in your jurisdiction at the related question link.

No. Property passes by Will or by the laws of intestacy in the jurisdiction where the property is located. You can check the law in your jurisdiction at the related question link.

No. Property passes by Will or by the laws of intestacy in the jurisdiction where the property is located. You can check the law in your jurisdiction at the related question link.

No. Property passes by Will or by the laws of intestacy in the jurisdiction where the property is located. You can check the law in your jurisdiction at the related question link.

What can be done if one is robbed of their inheritance?

Robberies should be reported to the police immediately.

Robberies should be reported to the police immediately.

Robberies should be reported to the police immediately.

Robberies should be reported to the police immediately.

Does the trustee of a irrevocable trust have to notify all family members of what is left in the trust?

The beneficiaries are entitled to an accounting to make sure the trustee is not wasting the trust assets.

What if an executor of a will misuses his power?

An executor who fails to act properly should be reported to the court immediately, removed and replaced. You should be prepared to provide the court with evidence of the misbehavior.

What happens if a property is foreclosed and you have a life estate?

That depends on whether you consented to the mortgage. If you signed the mortgage you transferred your life estate to the bank during the period the mortgage was unpaid. If the mortgage went into default the bank can take possession of the property and wipe out your life estate.

If you did not sign the mortgage the bank would take possession of the property subject to your life estate and your right to the use and possession of the property would continue.

Does a step granchild have rights under a Will of their step grandparent?

They have rights if the step grandparent left a specific gift in their Will. However, if not mentioned in a Will they have no legal rights in a step grandparent's estate.

What is the name of the court petition to remove an executor of a will?

To remove an executor from an estate a petition must be filed. Then there has to be reasoning provided either ineligibility or misconduct. All this must be provided to file in order for a representative of court to review and make a decision.

Can your heirs avoid probate if you put another person on your checking or brokerage account?

Yes. Probate may be avoided as to the accounts in question by putting another person on the account. Other assets, such as real estate, may go to probate however. This answer applies only to the accounts mentioned.

I caution you not to do this, however. If you put another person on your account, they become a joint owner. This means they can access your property. Worse yet, their creditors can access your property if they get into financial difficulty or get divorced. Your account could be at risk.

It is better to set up a pay on death account or otherwise name a beneficiary for the account to take place upon your death. While this is better than a joint account, there are still potential problems. What if your named beneficiary dies before you? Your account will be back in probate. As account values rise and fall, you may end up with a smaller gift to the beneficiary than you wished.

Without knowing the value of the accounts in question and whether or not there are other assets to consider, it is difficult to give specific personal advice. For specific advice, you should consult a local licensed attorney. My usual recommendation is to set up a revocable living trust in order to avoid probate, however if the estate is small, that may not be needed.

How can I find out if I was named in my grandmother's will if I am estranged from the executor?

If you live nearby, you can visit the probate court where the will is filed and obtain a copy. Once a will has been filed it becomes a public record. If not, you can contact the court to determine how to obtain a copy by mail. Most courts are very helpful with requests for copies. You can find the court by doing an online search using the county, state and add "probate court".

Is there a difference between a will being admitted to probate court and a will being probated for instance you went with your brother to probate court but it was decided not to probate it?

Clarification is required as to why the will was not admitted to Probate. Was this because of a dispute between you and your brother or because the estate was so small that the court deemed it unnecessary.

Answer

There is no difference between a "will being admitted to probate court" and a "will being probated". A will admitted to probate court is being probated.

However, as stated above, the will in your case was not admitted to probate court and so is not being probated. We cannot know the reason without more details. Your brother may have found it didn't require probate if the decedent didn't own property or he may have been put off by the cost of the filing. You need to ask him.

Can a life estate be undone?

The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.

The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.

The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.

The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.

Can a co executor of an estate make the other co executor turn over a benefit check to the estate?

Yes. The "other co-executor" has no reason nor right to withhold the check from being included in the estate unless it was payable upon death to another individual who is named on the check.

Yes. The "other co-executor" has no reason nor right to withhold the check from being included in the estate unless it was payable upon death to another individual who is named on the check.

Yes. The "other co-executor" has no reason nor right to withhold the check from being included in the estate unless it was payable upon death to another individual who is named on the check.

Yes. The "other co-executor" has no reason nor right to withhold the check from being included in the estate unless it was payable upon death to another individual who is named on the check.

How can you prove your deceased father an alcoholic diagnosed with cancer did not have the presence of mind to make a will?

You could start by speaking to his doctor to see if the doctor could write an affidavit stating his opinion of your father's legal capacity at the time he wrote the will. You could speak to friends, family members and neighbors to see if anyone believes and is willing to testify in court that your father no longer had an intellectual grasp on what he owned, what would happen to his property when he died and if he could easily identify his children. See the link provided below.

Trending Questions
What happens if the beneficiary of a california living trust dies before the estate is settled? What are the guidelines for receiving principle money from inherited trust fund? What is the greatest dangers with in the trustee model of representatives? What is large commercial estates? If one inherits land from their grandfather then they pass away does that land go to her spouse or children? What is the fee an executor receives in Missouri? Can a temporary executor sell belongings and or home of deceased when estate had no will? Once an estate is closed and the beneficaries are equally deeded the house. Can the exuctrix take money from the sale proceeds to pay other beneficaries not paid before the estate was closed? Husband has died and you are the excutor of his estate you want to add your name to the mortgage loan? What are the disadvantages of not having made a will? What does a tenant in common deed look like? What is the importance and function of residuary clause in a will or other testamentary instrument? Is it illegal to hide a will lie and say there was no will after the death of a relative? Can a property go to a trust with a mortgage on it? You are the executor of your fathers will and the guardian of your mother who is disabled may you charge an executor fee yearly? Is your husband or father your next of kin? If your home was given to you in a trust by your dad and is not in your name can they take the house in CA for credit card debt left by your deceased mother - the debt is on your credit report? Can the executor of an estate over ride the wishes of one of the beneficiaries? What are Hems allowances in a trust? What is the essentialia of a contract between client and insurance company?