Can a spouse be a witness on property affidavit?
A spouse should not be a witness to a document.
A spouse should not be a witness to a document.
A spouse should not be a witness to a document.
A spouse should not be a witness to a document.
In a Trust what is the Trustee and Trustor?
The trustor is the person who executes the trust and transfers their property to the trustee. Since a trust cannot act for itself, the trustee is the entity named by the trustor to manage the property held by the trust. The trustee holds title to the trust property.
My sister was appointed as Independent Administrator of my mother's estate. We are about to finalize everything in 30 days. My sister has given me a brief outline of the cost of her time in executing the estate. They are EXTREMELY high! is there any way to dispute her fees for herself? Getting into a huge argument won't be a big deal, that's already happened! Our probate attorney (which I paid half of the initial retainer for) let me know that she represents my sister and my mother's estate, not me.
Personally they are not responsible for anything. As the executor of the estate, they are responsible for maintaining the estate so most utilities are going to be good.
The executor doesn't borrow money to pay off heirs. They get paid from the remaining estate, according to the provisions in the will, after the debts have been paid. If there is nothing left then the heirs get nothing.
As to "how long", it depends on how complicated the situation is; an executor is expected to act in good faith with all reasonable and prudent speed, but the law does not require that the executor work miracles. If a substantial part of the estate is non-liquid assets, it could legitimately take longer for the estate to settle than if it were primarily cash.
Yes. ANYONE named in the will is eligible to be included in the inheritance.
On the other hand, if the decedent died intestate (without a will) their property would pass according to the state laws of intestacy. In some states, children by a former marriage would automatically inherit a share. You can check the laws in your state at the related question link.
Is any property received by any will considered to be self acquired property or inherited in India?
if you received any property by will written with testator then, the property is consider as inhertied property. this is applicable when the testator has heridty with your family. otherwise it is considered as self acquired property. another way, the property is inhertied when it completed 4 generations with out any divide in middle.
What happens to real estate held in trust during divorce?
That property should be made a part of the divorce negotiations. The attorneys should be made aware of the trust so a decision can be made between the parties or by the court as to the disposition of the property.
Can the executor sell the estate without the knowledge of the beneficiaries in India?
no way not in a million year's.
It is unknown what you mean by your "reputed" husband. Either you were legally married or you weren't. The law differs in different jurisdictions. You need to invest in a consultation with an attorney who specializes in property and probate law who can review the title to your property and determine if your husband could sever the tenancy under the laws in your state.
In some jurisdictions one joint tenant with the right of survivorship can sever the survivorship of the other by executing a deed either to a third party, or through a straw, eventually receiving the interest back in a tenancy in common. That would sever your survivorship rights and you would only own a half interest in the property.
Some jurisdictions prohibit a spouse from conveying their interest in a JTWROS unless their spouse signs their consent. You need to obtain expert legal advice for your particular situation as soon as possible.
What if your ex husband just passed away are you entitled to his social security checks?
my ex passed away in June and me and our 2 kids get social security each month, but I'm not sure if that is for everyone or not.
In pa when the house is owned jointly it is part of the estate?
When property is owned as joint tenants with the right of survivorship the property is NOT part of the estate of the first joint owner to die.
When does the power stop for an attorney in fact?
The principal can revoke the Power of Attorney at any time by a written notice to the attorney-in-fact. Notice of the revocation should be sent to any facility where the POA had been used by the AIF such as a bank or doctor's office. If it was used to execute documents affecting real estate a copy of the revocation should be recorded in the land records.
Otherwise, a General POA is extinguished when the principal becomes incapacitated.
A Durable POA remains active even after the principal becomes incapacitated.
Either is extinguished upon the death of the principal.
Who gains ownership after death of trustee?
The trust instrument should provide for the appointment of a successor trustee and for the distribution of the trust property. If it doesn't then a judge will need to address the issue.
Can a wife be disinherited in Pennsylvania?
No. The surviving spouse has the right of election under Pennsylvania law. A wife cannot be disinherited. She has the right to one-third of her husband's estate. You can read more about it at the link provided below.
Who pays for tax liens on a Estate inheritance?
There wouldn't normally be liens on the inheritance...but on the assets in the estate, which can't be distributed and become an inheritance until they are settled by the estate.
What can I do if the executor won't settle my mothers estate in California?
You can go to the judge or a lawyer and ask to be co executor or to require that the estate be settled. Wills and trusts can be broken, you just have to consult the right person.
You can decline to act as attorney-in-fact.
Unless he listed the fiancee in the will or made her a beneficiary on insurance or 401k, etc., she has no rights in any way to his property. If he owed money to you for a car or house, you could invoice the estate, but you would need a written agreement.
It depends on the creator of it. Some have it setup to create a trust on death...others have both. I have one trust I used more for investment reasons...but will have another that is death spefiic rollover only.... via a rollover will. The investment trust is the real trust, the created-by-death one will terminate immediately when it has zero assets. Ie; the death one wont exist till its funded at death. The other will already exiswted for variety of reasons.
Yes
Can the court require an executor to repay legal fees for removal of another executor?
First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate.
First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate.
First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate.
First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate.
Can you cash a savings bond for someone in a nursing home if you have power of attorney?
Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.
Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.
Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.
Yes. Make certain the person has directed you to do it and make certain the money is used for their benefit.
Does power of attorney give you the right to exclude someone out of money and properties?
The answer depends on the nature of the power of attorney and what you mean by 'exclude'. Generally, a Durable Power of Attorney gives the attorney-in-fact the power to sign legal documents and carry on all the business of the principal even if the principal becomes incapacitated and as long as the principal is living. The POA expires upon the death of the principal.
The document that created the POA should recite the powers that are granted and many powers are provided by state law. If during the course of performing their duties and exercising their power the AIF exceeds their authority, they may be liable for any damages suffered by the principal or others. If you think the AIF is acting in a way that exceeds their power you should consult with an attorney who can review the situation and advise you of your options.