Estates

The administrator must close out the estate and distribute the remaining assets to the beneficiaries. If there are testamentary reasons to delay the distribution, such as valuation issues, waiting on liquidation of assets, finding heirs or resolving liabilities, distributions can be made prior to the ending of the estate. But their must be a reason to delay closing the estate.

Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.

Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.

Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.

Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.

Beneficiaries have the right to have the trust administered exactly as provided in the instrument that created the trust. They should request copy in order to review those provisions. They also have a right to request an accounting of all monies and property coming into the trust and any going out. If the trustee will not cooperate the courts have jurisdiction. A petition can be filed to compel the accounting by a reluctant trustee. If a trustee continues to refuse to be cooperative the beneficiaries can request the removal of the trustee and the appointment of a successor, through the court.

Beneficiaries have the right to have the trust administered exactly as provided in the instrument that created the trust. They should request copy in order to review those provisions. They also have a right to request an accounting of all monies and property coming into the trust and any going out. If the trustee will not cooperate the courts have jurisdiction. A petition can be filed to compel the accounting by a reluctant trustee. If a trustee continues to refuse to be cooperative the beneficiaries can request the removal of the trustee and the appointment of a successor, through the court.

Beneficiaries have the right to have the trust administered exactly as provided in the instrument that created the trust. They should request copy in order to review those provisions. They also have a right to request an accounting of all monies and property coming into the trust and any going out. If the trustee will not cooperate the courts have jurisdiction. A petition can be filed to compel the accounting by a reluctant trustee. If a trustee continues to refuse to be cooperative the beneficiaries can request the removal of the trustee and the appointment of a successor, through the court.

Beneficiaries have the right to have the trust administered exactly as provided in the instrument that created the trust. They should request copy in order to review those provisions. They also have a right to request an accounting of all monies and property coming into the trust and any going out. If the trustee will not cooperate the courts have jurisdiction. A petition can be filed to compel the accounting by a reluctant trustee. If a trustee continues to refuse to be cooperative the beneficiaries can request the removal of the trustee and the appointment of a successor, through the court.

Yes, a grantor can also be a beneficiary in certain types of trusts, such as revocable living trusts. In these cases, the grantor retains control over the trust assets during their lifetime and can benefit from them. However, once the grantor passes away, the trust assets are distributed to the designated beneficiaries according to the trust's terms. It's important to structure the trust carefully to ensure it meets legal and tax requirements.

Yes

my brother is the is in charge of my parents irrevocable will of trust can he remove me

It will be dependent on how the first will was written, but in most cases, their share of the estate simply becomes a part of their estate.

Yes, you are fully entitled to decline to receive the benefits. There are a few instances where it might make tax sense to do so. Or to leave more for those that need it more. Consult a probate attorney, but there shouldn't be an issue.

That will depend on the deed and what the ownership is. If it is a right of survivorship, no, it is not a part of the estate. If they are listed as tenants in common, yes, the estate has a claim to part of the property.

Certainly.

That means you are the surviving spouse and have all the rights of a surviving spouse under federal laws and state laws, especially under the state laws regarding inheritance.

That means you are the surviving spouse and have all the rights of a surviving spouse under federal laws and state laws, especially under the state laws regarding inheritance.

That means you are the surviving spouse and have all the rights of a surviving spouse under federal laws and state laws, especially under the state laws regarding inheritance.

That means you are the surviving spouse and have all the rights of a surviving spouse under federal laws and state laws, especially under the state laws regarding inheritance.

They must follow the distribution plan as provided in the will or by the law of the state. They cannot favor one beneficiary over another unless the beneficiaries agree. An executor is entitled to be compensated for their work, but they must have the approval of the court on the distribution.

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Yes, a beneficiary is not required to receive anything they don't want.

If you don't own it, they can't take it, unless you made a fraudulent transfer or unless the trustee failed to treat the trust as a separate entity.

Not really. The property has to be sold for fair market value. There is some latitude if the assets exceed the debts of the estate. Or the beneficiary's can agree to a lessor price if it is being sold to another beneficiary. Often siblings will let another sibling buy them out of the property for a lower price.

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Any property solely owned by the decedent at the time of their death.

Any property solely owned by the decedent at the time of their death.

Any property solely owned by the decedent at the time of their death.

Any property solely owned by the decedent at the time of their death.

From the estate of the dead person:-

All outstanding debts,

All outstanding taxes,

The funeral costs.

Then after these have been settled the estate must pay any death duty or inheritance taxes due on it.

After all these are settled the estate can be divided up between the heirs as prescribed by the will (if there is one).

No. They can choose to not charge a fee but that is up to the executor.

No. They can choose to not charge a fee but that is up to the executor.

No. They can choose to not charge a fee but that is up to the executor.

No. They can choose to not charge a fee but that is up to the executor.

Any Notary can do it. Many banks provide notary services to their customers for a nominal charge or free.

If you're in the US, he can leave his property to whomever he chooses as long as his will is properly drafted for his state. He is not required to include his children in the will but some states require they be specifically mentioned if the parent wants to disinherit them. Pretty much the only way to successfully contest this would be if you can prove that he was not mentally competent when he wrote the will. You need to discuss the situation with a local estate attorney.

They have the right to challenge the will and executor as possible beneficiaries.