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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 ocean lies of the west coast of Africa?

The Atlantic Ocean lies off the west coast of Africa.

What is the ocean west of Africa?

The Atlantic Ocean lies to the west of Africa. The Indian Ocean lies to the east of Africa.

Should you trust babbel?

Babbel is a reputable language learning platform with a good track record of helping users learn new languages. However, it is always important to do your own research and read reviews from other users to determine if it is the right fit for you.

When was The Prince's Trust created?

The Prince's Trust was created in 1976 by Prince Charles, the Prince of Wales in the United Kingdom to support young people in overcoming challenges and achieving their full potential through various programs and initiatives.

How are trust and truth connected?

Trust and truth are connected because trust is built upon honesty and transparency, which are traits associated with truth. When we are truthful in our interactions with others, it helps to establish trust and credibility in our relationships. Without truth, it is difficult to build or maintain trust.

What is a theme statement for trust?

A theme statement for trust could be: "Trust is fragile yet essential for meaningful relationships and personal growth."

Where does the concept of trust come from?

The concept of trust can be traced back to the origins of human social interactions. Trust is believed to have developed as a way to ensure cooperation, safety, and stability within communities. It is a fundamental aspect of relationships and has evolved to be a key component of interpersonal and societal dynamics.

Which estate embraced the enlightenment?

The Third Estate, which represented commoners and the bourgeoisie, played a significant role in embracing the ideas of the Enlightenment. Members of the Third Estate sought political and social reform based on enlightenment principles such as equality, liberty, and fraternity. This ultimately led to the French Revolution in 1789.

Sinnonim of the word trust?

Have Faith in

Believe

Rely on

Depend on

Confide in

Have confidece in

Cont on

Bank on

Be sure about

What are the benefits of being a mental health counselor?

There are many benefits to being a mental health counselor. Namely, it allows one to help people, and reap the positive self esteem that comes with giving back to others. Additionally, jobs in counseling typically have room for advancement, and come with decent benefits.

How is mental competency determined?

Mental competency is typically determined by a mental health professional, such as a psychologist or psychiatrist, through evaluations and assessments that examine a person's cognitive functioning, understanding of their circumstances, and ability to make informed decisions. The evaluation may include interviews, psychological testing, and observations to assess the individual's mental capacity and ability to participate in legal proceedings or make important decisions. Ultimately, a determination of mental competency is made based on the professional's assessment of the person's mental abilities and functioning.

Can the executor sell a house that is in probate and willed to three people other than themselves even if three people do not want it sold?

Yes. The executioner has sole power to dispose of the assets of the estate in the manner that is described in the will. If there is no such manner and the home is put up for sale, offers from those that own a portion of the proceeds can stop the sale by essentially "buying out" those who want the sale. Otherwise, the asset can be sold and the proceeds distributed in accordance with the split deescribed in the will.

What is the maximum amount of assets a descendent can transfer to an eligible spouse estate tax free?

As of 2021, a descendant can transfer an unlimited amount of assets to an eligible spouse free of estate tax through the unlimited marital deduction. This deduction allows for the tax-free transfer of assets between spouses, regardless of the amount, as long as the receiving spouse is a U.S. citizen.

If an individual passed away and left an estate worth 1.2 million what percentage of the assets would be subject to an estate tax under current law?

Under current 2021 federal estate tax laws, estates worth over $11.7 million for individuals would be subject to estate taxes. Since the estate in question is valued at $1.2 million, it falls below the threshold and would not be subject to estate taxes.

If an individual gives property either real or personal to a beneficiary (heir) the beneficiary must pay an inheritance tax.?

Inheritance tax is typically paid by the beneficiary on the value of the inherited property above a certain threshold set by the tax authorities. The tax rate and threshold vary by jurisdiction. It's important to consult with a tax professional or lawyer to understand the specific rules and exemptions that may apply in your situation.

How can it be proved a propery transfer signature is forged to the satisfaction of a court?

Proving that a signature on a property transfer is forged typically involves presenting handwriting analysis by an expert to demonstrate inconsistencies with the genuine signature. Additionally, other evidence such as witnesses, security footage, or digital records may be used to show that the signature is not authentic. The court would evaluate all the evidence presented to determine if the signature is indeed forged.

Does the executor of a will have to live in the same state as the testator?

No, the executor of a will does not have to live in the same state as the testator. However, it can sometimes be beneficial for the executor to be located near the testator’s assets or have knowledge of local laws.

What are the duties of a executor of a will in Alabama?

There are a number of key items. They must inventory and value the estate. They must preserve the estate as best as possible. They need to settle all debts and claims against the estate, including taxes. They must distribute the estate according to the will or the intestacy laws and as approved by the court.

What is the abbreviation for living trust?

The abbreviation for living trust is "LT".

What happens to each of the would be heirs?

Without more context provided, it is difficult to answer this question accurately. The fate of each would-be heir could vary greatly based on multiple factors such as the specific circumstances of their inheritance, any legal complications, the presence of a will, estate planning, and individual choices made by each heir.

Can executor of a will remove a trust?

The executor of a will typically does not have the authority to remove a trust unless specifically granted that power in the trust document or by a court order. Trusts are separate legal entities with their own set of rules and provisions that usually require specific procedures to be followed for any changes to be made. It is recommended to consult with an attorney for guidance on this matter.

Where do you get a letter of testamentary in Georgia?

In Georgia, a letter of testamentary can be obtained by filing a petition with the probate court in the county where the deceased person lived at the time of their death. The court will review the petition and issue the letter of testamentary to the executor named in the deceased person's will.

How did Harvey wills challenge the king to prove that he was the heir to the estate of the decreased man?

Harvey Wills challenged the king by presenting evidence such as birth certificates, legal documentation, and witness testimonies supporting his claim as the rightful heir to the deceased man's estate. He may have also sought the court's assistance in verifying his lineage and inheritance rights.

How do you stop a revolcable living trust?

To stop a revocable living trust, you would need to revoke the trust agreement by formally stating your intention to revoke the trust in writing, signing the document, and having it notarized. Once the trust is revoked, it no longer has effect, and the assets would revert back to your ownership.

Can i and my 2 brothers question my dads will which my sister says was left to her?

Yes. Both of you need to contest the Will in question, it may time long time and costly depending on the location of the Will.

You should be able to view the will and its signature to be sure that it is a valid will and that she is a named executor of his affairs. If you are mentioned in the will, then it is fairly clear as to the intentions of the deceased. You may consider consulting a lawyer to make this process more transparent, but, remember that, as executrix, she does have rights and responsibilities and you should honor those.

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