answersLogoWhite

0

💰

Estates

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

6,325 Questions

How long should it take to be notified if you are a beneficiary in a will?

Shouldn't be more than a few weeks, particularly if you have been in contact with the executor.

How to get a copy of a trust if the trustee refuses to?

Depending on your specific situation, there are three ways to get a copy of a trust. First, you can request a copy through one of the beneficiary's of the trust. The second option is to write a formal demand letter to the trustee requesting a copy. The final solution is to file a petition in probate court requesting a copy of the trust.

If you are the executor of someone's estate how do you sell their car?

If you are the executor of someone's estate, it is fairly simple to sell their car. You have to wait until the estate is settled and that you have proof that you have the authority to act on behalf of the estate and copies of the death certificate. In most states, you would then simply sign the back of the car title with your name followed by the words executor of the estate of (name of the deceased). If the car has a lien holder however, the amount of the loan must be paid first, either by yourself or the person purchasing the car in order to get a clear title.

In Ohio do you have to leave your adult children anything in your will?

There is no requirement that a testator leave their money to specific people. There should be some mention of them in the will, helps avoid them contesting it. It is your estate and you are entitled to leave it to whomever you wish.

More than one executor?

The are called co-executors and the will should specify if they can act individually. Otherwise, anyone accepting a signed document such as a deed from the estate will insist that both sign.

How do you write a letter making your sister excutrix for your dad's estate?

Most states require a form to be filled out and filed with the court. If no one complains and all the beneficiaries are okay with the change, there shouldn't be a problem. The court can require you to file a full accounting up to the point you change the responsibility. An attorney can be a big help!

Who is your next of kin legally?

Your closest relation is your next of kin. This is normally a spouse, one or both parents, your siblings, or your children, depending on how old your are and who is living.

Descendants and spouses take precedence.

Can you over ride Condo bylaws and rent it out because for two years it sat vacant because you could not sell the Condo now you are renting it even though the bylaws say you cannot rent it out?

You can negotiate with the board and ask for a rental exception. You may be required to prove a 'hardship' so that the exception can be granted.

It's a better idea to work with the association's officers to get what you want instead of boldly stepping into a situation that you know to be 'against the rules'.


Read the governing documents to determine the process for petitioning the board for an exception. In these difficult financial times, some boards have granted exceptions to rental limits, which for the community is preferable to having a bank as a neighbor based on the unit being foreclosed upon.

How much money does the lee strasberg institute cost?

for 2 years something like $20,000 it is on the website

Do most family members charge the estate for being an executor?

Yes. And, there is no amount of money that makes it worth it; being the familial executor is a huge pain, and better accomplished by a disinterested third party. There is quite a market for this, in fact. Even though executors are usually chosen in the will, and family members, many electees recognize the potential for conflict and long lasting scars that may result, and opt for a third party execution of will.

This is a contrast to tradition, however, in which the estate holder generally accorded the rights of execution of will to the firstborn or other--so called 'blessed,'--individual expressly so that they would get 'the lion's share.'

I am writing a will and would like to have my 16 year old a legal gaurdian for my 12 year old is it possible if an adult is also place as gaurdian?

A legal guardian must be an adult. You can name him with the caveat that he be of legal age and if not, xxx shall be the guardian until such time as he does reach legal age. Consult an attorney in your area for help on this. Personally, I wouldn't recommend burdening a teenager with the responsibility.

What are inheritance rights of a second wife with no children in Alberta Canada?

It will depend on the existence of children from the first wife. Typically the current spouse gets the bulk of the estate, if there are children, it may be split with them.

Who is considered the legal next of kin to a minor child of deceased parents?

That's actually determined by state law. But usually it would be the closest blood relative an adult sibling if applicable, followed by maternal grandparent(s), paternal grandparent(s), aunt or uncle, and so forth.

Can a son inherit after the father remarried then died intestate under English law?

Generally, the distribution depends on the size of the estate and the rules of intestacy under English law. The surviving spouse would receive the first £250,000. A child would get a portion of any amount over that limit. This is general information only. You should seek legal advice.

See related links.

What is freehold building?

A freeholding building is a building that you are allowed to keep as your own under certain regulations. You must perform all maintenance, pay for necessary utilities, and pay for taxes on the building. When these requirements are met the building is yours to keep without fear of it being taken away.

How long have Lil Wayne been merryed?

Lil Wayne was married to Antonia Wright from 2004 to 2006. As of August 2014, Wayne is not married to anyone.

What can be done when your an only child and your stepmom receives everything in the will and will leave it to her children?

== == I think this woman is taking full advantage of you and although most of the Estate would usually go to the wife when the husband passes away, I am sure your biological father left provisions for you (some money or some personal things of his) and I would contest the Will! This will put a crimp in her style because by contesting the Will (seek legal counsel) you can tie up the Estate for up to several years. Usually greedy people don't want to wait and they'll settle immediately. Don't sit by and let her get away with this. She's counting on the fact you are too young to know anything about law. Answer The time to tackle this issue is to open up the subject with your father in conversation--not intervention--while he is still well. There really is no reason he has to leave anything to you at all, so it behooves you to realize this. Generally, accepting these things are a matter of understanding, empathy and compassion. His responsibilities are toward providing for the current wife and any of their children, particularly if they are young. You have flown the nest and can provide for yourself. Being realistic about the situation, rather than getting emotional about How It Seems, is going to get you further than anything. Has he rescued you from debt? Provided for college? Helped you with down payments? Given you advice? Then, you have his legacy.

If you inherited land from your parents and it started out with 10 children but three have died do the children of the ones that died inherit the deceased brother or sister's portion of the land?

It will depend on how the land was divided in the original inheritence. If it was left to the ten children as tenants in common, each of them have equal rights in the property. On one of their deaths, their share in the property would go into their estate and then to their heirs. In this case, it would go to the children of the deceased.

If they were joint tenants, the last of the ten children to survive would get full title to the property and the children of the original inheritor would get nothing.

Can a family member purchase a house in probate?

Yes. The sale must be approved by the court as evidenced by a license to sell real estate or the will sometimes grants the executor the power to sell real estate at a public or private sale, at their own discretion and upon their own terms.

If a child's father remarries after the mother dies and the new spouse is executrix of the father's will does the child have a legal right to obtain a copy of the will?

Only if the father has passed away. As a possible beneficiary, the children are entitled to see the will, but until then there is no legal requirement for anyone to provide a copy.

How can I find out if a dead person has a will?

Search for it. You may need special court documents to open a safe deposit box rented under the name of a deceased person. If it cannot be found within a reasonable time, the estate is divided according to the local laws of intestacy.

Trending Questions
Are Joint Tenants with a right of survivorship the same as Tenants In Common? Can a trustee take the property placed in a trust? How do you find the cause of death for a person in Texas? How many people die without a will per day? In Pennsylvania can the Executor set the sale price of the house? Do the children of a deceased father have rights to his 401k if there is no will or would it just go to the surviving spouse? What happens to someones house when they die having left no will nor heirs? Are payable on death accounts subject to inheritance tax in Indiana? What does the term heirs and assigns mean in a deed? If you are one of four beneficiaries of a willed property can you sell your share of the estate to a lender? How long do you have to settle an estate in Washington? How do you get police involved if you know four family members drugged your drink and left you unconcious in bedroom with housedoors wide open in an attempt to prove you incapable of being executor? If you are a joint tenant with right to survivorship can a creditor come after your joint asset? If the beneficiary of an life insurance policy dies after the insured without knowing they were a beneficiary who would get the money? What happens when executor steals money and forges documents? If someone dies and their beneficiary is dead who gets the money? Can an executor who is also a beneficiary get money from the estate while still in probate? What recourse do the heirs have when the Propriety has sold the money is in the bank but the executor refuses to distribute the money to the heirs? What is the abbreviation for Revocable Trust? Tracing a last will and testament?