In Connecticut, title to real estate passes to the devisees or heirs upon the death of the owner. However, there may be circumstances where the executor is given power to sell the real estate by the testator. Also there are circumstances when the real estate may be sold by the executor, for example, if there are debts to pay. Speaking generally since you did not provide much detail, if it was NOT sold to pay debts of the estate you had the right to keep it and pay for it yourself if it was mortgaged. Especially if you are the sole heir.
Can you use your deceased mother's bank account?
Not unless you were also named as a joint owner of the account. If you and your mother had a joint account the full ownership passed to you upon her death. If the account was your mother's sole account you would need to forge her name to make any withdrawals. That is not legal. The account is part of her estate.
What are inheritance laws in Virginia?
Your question is too broad. You need to visit a law library in your jurisdiction. There is usually a public law library at the county courthouse. The law librarian could help get you started in reading the probate code for the Commonwealth of Virginia.
What can you do if the executor won't settle my moms estate?
Usually there are steps to be followed before the estate is finally settled. Depending on the state, there is an ending date, which might be a year later. There is also an extended period of time for bills to be presented to the estate for payment. The thing to do is to wait, offer any help or documentation if you have it, and wait some more until the estate is settled. Becoming an issue with the executor certainly will not speed things up.
Yes, the bank accounts are a part of the estate. The need to be valued and included in the assets.
Refinancing is only a debt instrument so wouldn't provide for changing the deed (ownership) to a property. A property can be purchased through a sales contract, or even given by way of a recorded deed. Ownership of property must be recorded by deed in the county courthouse where the property is located. Many types of deeds are used depending on the circumstances surrounding the purchase, gift, etc. A real estate or trust attorney should be consulted and a deed recorded based on the language in your trust document and the goals surrounding the property.
How do you collect proceeds from a settled lawsuit if the defendant died?
You would need to make a claim against the defendant's estate if there is one. You should seek legal advice of an attorney if the claim is substantial. An attorney can have an asset check performed to see it the defendant owned any property.
Do you have to tell a person the they are no longer the executor of a will?
No, but if you are naming someone else it certainly would help both parties to be informed in the event of your demise. Sorting out a person's affairs is difficult enough without having to cope with a power struggle.
If a will mentions a trust that was never set up is the will valid?
Wills signed by the deceased and witnessed are always valid. Often the elderly may change their minds, but never change their Wills, so the last Will and Testament is the final word. Whatever is in that Will is the way it will be played out. Marcy ==Clarification== If a Will directs that certain property be placed in a trust and the trust was never created the property would remain in the testators estate. The failure to create the trust may result in that property passing as intestate property. The Will is still valid as to any other bequeasts. The property that was to go to the trust would pass according to the residuary clause in the will if there is one. If there is no provision in the Will for property not specifically mentioned then it would be divided equally among the legal heirs as intestate property. Please note that in reality, many, many wills are so poorly written that a judge must make a decision as to the distribution of the property of the decedent. Therefore, the judge has the "final word" by deciding if the will is valid and then by interpreting it if the will was poorly drafted.
Such a question list would be far too long to place here. A few of the duties of an executor or executrix are: An extremely important task, filing the petition on time to avoid serious penalties and fees, (generally the estate must be filed from 9-12 months after the death). The collecting of assets and filing of known inventory with the probate court. Consolidating funds as much as possible and establishing a separate checking account for bills and bequests. Paying all bills and taxes. Distributing property to heirs and legatees. Filing the deceased's final tax return. A final accounting of the estate to the probate court. ALWAYS keep in mind the executor/executrix is 100% responsible to the court for the proper execution of the estate!
Are executors allowed to take money from estate?
The Executor can withhold money from heirs for a "reasonable" time in order to pay all debts and expenses of the Estate and to make sure that the claim period has elapsed and all tax returns have been filed. Once the claim period has passed and all debts, taxes and expenses have been paid, the Executor can satisfy all specific bequests and then distribute the residue to the proper beneficiaries. Any outstanding claims or tax liabilities could delay this payment (i.e. challenge of a claim or an audit of a tax return). This is a very general overview and is not meant to be legal advice, as you need to consult your attorney about your specific facts and situation.
What happens when someone is given a life estate and vacates the property willingly?
Unless statute modifies the common law where you are, nothing happens. The life tenant still has a life estate over the property until the life tenant takes some legal steps to alienate that life estate, i.e.
1. by selling it, at which point it becomes and estate pur autre vie, which is just like a life estate, except that it ends when the person dies from whom it was acquired, or
2. dies (which the life tenant may or may not decide to do).
Can a spouse will belongings without other spouse's consent?
Yes. A person can devise their sole property by will in most jurisdictions. A husband does not need his wife's consent to leave his antique car to his brother. A wife doesn't need her husband's consent to leave her solely owned mountain cabin to her sister. However, one spouse cannot completely disinherit the other in most states except Louisiana and one spouse cannot leave property owned by survivorship to any third party.
How can medicare take estate given to someone in a will?
If the government has paid benefits on a person's behalf then the government has the right to recoup what it paid after the person's death. If that person owned any property in their own name the government is first in line (like a creditor) to be repaid. For example, your grandmother can't leave her house to you in her will free and clear if the government has been paying for her nursing home and medical care for years. That is the reason people do estate planning and get property out of their names and into trusts. Estate planning must be done years in advance and by a professional with a good reputation and satisfied customers.
If you were driving within the law old enough held a valid licence at the time and indeed included on the insurance theres a chance you will be covered by the insurance but seeing as it was your mothers car and insurance and through the result of an accident caused by your own admittance by yourself which takes all blame away from her then this being the case the insurance would still have to pay out on her insurance policy.
If the executor is a relative are they entitled to the executor fee?
The executor is entitled to a fee for their services. Their relationship is not a deciding factor. In many states the fee is set by law.
Can adults sue a parent's estate when they contributed nothing in raising you?
You can only sue the estate for the actions of the estate/executor. Any right to sue the individual expires when the individual dies.
Does there need to be an alternative executor to a Will?
No. If one is not named in the will the court will appoint one if necessary.
yes: it can be done several ways:
intervivos revokable trust which can be terminated at will.
if it is an irrevocable trust, it can be broken if the children agree to reject it.
parents can modify the house by building an apartment or two....thus down-sizing, bringing in income and avoiding the tangles of family trusts.
THE HIT_MAN
K, so I'm no lawyer and I definitely flunked out of law school, so take what I say with a barrel of salt. But, as far as I know, it depends on your situation. Like, let's take your example and make it two individual parties to simplify: i.e. "husband and wife" are now "O," and "two children" will now be referred to as "A". So, it depends on whether O gave A a life estate deed or O gave A something similar, like a revocable living trust.
So, first go figure that out. Is it a real "life estate"? If so, it's irrevocable and the kids are golden. Is it a revocable living trust? Then kiddies are screwed. Or maybe it's something else, in which case you'll have to clarify your question because I'm only going to answer two ways because I don't care to explore every possibility (you can see why I flunked out):
Life Estate:
If O gave A a life estate, plain and simple, then it's irrevocable and A is going to have to assert A's rights. So, if you're the kid, then it's like your mom gave you a life estate for the house and you let her live in it until she died or whatever. The house is still yours and she can't very well take the offer back by selling it or ripping out the walls and ruining the place or anything. It's essentially yours.
Living Trust:
But if your mom gave you a revocable living trust, then she can do what she wants. The latter is probably more what people think of as inheriting. Like, if your mom does the revocable living trust thing, she's basically put the house in the hands of this 'trust' and they hold it or whatever, but she still has power over it. So she can sell the house or decide she likes little Timmy better, pull a switcheroo, and give it to him instead. I mean, if O promised A the house or something and decided to sell it instead, depending on the circumstances, A might try to whine to the court about some detrimental reliance, but I get the feeling A might come out with nothing and look like a spoiled brat.
Yeah. Also, it depends on what you're going for here. Like, there are a lot of ways around this stuff on either side. Post some more specifics and we might be able to help a bit more.
Louisiana probate laws are very strict and also unusual. You need more details about the nature of the property. You can review the law at the link below. However, you need to consult an attorney in your area who specializes in probate law in order to determine who owns the real estate.
Can a co-executor force the other co-executor to sell real estate?
Executors must be appointed by the court and then perform their duties under the supervision of the court. You need to appeal to the court for a ruling if the two of you have equal power and cannot agree. You must state all the pertinent facts in a motion and the reason the sale of the real estate would be in the best interest of the heirs. The court will issue an order that must be followed.
On the other hand, if one of the heirs wants to keep the property they must buy out the interests of the other heirs.
Can the executor in Wisconsin move property without all beneficiaries approving?
The exector's responsibility to the estate, not the beneficiaries. They are accountable to the court for executing the will and the laws.
if you and your wife or husband are divorced , then you go to court and get it all settled
and you are very welcomed for letting me answer this questing
thank you
Is it ethical for a lawyer to write himself into a will as the representative of the estate?
In most cases- yes. It depends on the details. Some testators have a long, trusting relationship with their attorney and nominate their attorney as the estate representative in their Will. It is not ethical for an attorney to use undue influence to manipulate the testator to naming them. When the family has a genuine concern about the nomination they can file an objection and explain their reasons to the court before the appointment has been made. If the court finds the objection to be reasonable it can appoint someone else.