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Estates
Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.
6,325 Questions
How do you borrow money from your mothers revocable living trust?
You don't borrow money from it. Only your mother can make the loan.
Can executor of estate deed to himself?
If that is the proper distribution as approved by the court, yes.
How do you cash a cheque made out to the estate of the deceased?
You have to have a letter of authority and put it into an estate account.
Can an administrator of a deceased estate charge a fee?
Certainly, and the fee is typically set or limited by the laws of the jurisdiction.
Is property in foreclosure still considered property of estate?
Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Does a husband have to pay his deceased wife's medical bills in the state of Michigan?
Her estate has to pay the bills. And since he will be inheriting the estate, he will be paying the bills either directly or indirectly.
Can an executor remove items from the estate?
Not for personal use, but in order to distribute and evaluate assets, yes.
Does a estate property have to be sold?
No, as long as the debts are resolved without having to sell it, it can be transferred to the beneficiaries.
Is the spouse entitled to an inheritance the other spouse receives in New York?
Not directly. The spouse that receives the inheritance can determine what is done with that inheritance. There is no automatic right for the other spouse to receive any of it.
Can an executor go against the wishes of the deceased when dividing the estate?
Of course not, unless the assets have to be liquidated in order to pay off debts.
Can another heir challenge a life estate of someone with alzheimers?
No, you cannot challenge a life estate. It is a right in property. They either have it or they don't.
Does the executor receive the estate in the UK?
No, the beneficiaries receive the estate. An executor could be a beneficiary
Can money will to a benefitor be used for estate without the benefitor's approval?
Yes. All debts of the estate must be settled before any money can be distributed. If there are more debts than there are money, no one will inherit anything.
Who is your next of kin if you dont have adult children?
Your spouse is your next of kin if you are married. If you have no spouse and no children then your parents and siblings are your next of kin. Which is first depends on the law where you live.
It depends on state law; however, generally the deceased person's spouse (through marriage) would be next-of-kin.
If the deceased person is not married, it would generally be his/her parents.
It depends if there was a will or not. Step-children have no rights to the estate of a step-parent unless specifically named in the will. If there was no will, the estate is typically divided between the spouse and the children. Check the laws for your state or jurisdiction.
Can executor of an estate drive the decease's car?
To limited degree. The executor is required to maintain and make sure the vehicle still runs, so some use is better than it sitting. If it is more than a token use, they should reimburse the estate for the use.
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.
However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.
However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.
However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
Yes. If there are any assets in the estate the decedent's debts must be paid before any property can be distributed to the heirs. That is the purpose of requiring a co-signer.
However, there may be a time frame under which the lender is required to have declared the loan in default prior to the death of the co-signer. Or, there is a time period in which a claim must be made. You should consult with the attorney who is handling the co-signer's estate.
Can the executor charge rent to a person that was living in the home before the death of the owner?
Yes.
How do you pay a deceased persons bills if they have no estate?
You don't. You open the estate, collect all the debts, liquidate all the assets and pay what you can. If there are more debts than assets, people don't get all their money back.
What happens when one of a group of beneficiary dies before the property is settled?
Their share goes into their estate.
How long does a charged off credit card stay on your credit report?
Seven (7) years.
Please note, a charge off does not mean a debt is not still valid and collectible by whatever means is available to the creditor/owner of the debt according to the laws of the debtor's state.
Due to the current state of the economy many large credit card issuers have opted using the debt mediation board for defaulted accounts. This means the creditor can shorten the time of legal action by avoiding a civil suit and requesting a decision from the board. However, even if the meditation board finds in favor of the creditor, the creditor must obtain a final writ of judgment from the district court in the state where the debtor resides. After a judgment has been granted the judgment holder can execute it against the debtor in several ways, the preferred method is wage garnishment.
Should statements of accounts be sent to beneficiary?
what information should executor give to beneficiary regarding accounts.
