answersLogoWhite

0

💰

Estates

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

6,325 Questions

How do you change heir?

To change a heir to an inheritance, you typically need to update your will or estate plan by adding or removing beneficiaries. It is important to consult with a lawyer or estate planner to ensure that the changes are done correctly and legally binding. Each jurisdiction may have specific rules and requirements for changing heirs.

How long does it take to get a clear title to property that is the subject of a civil lawsuit?

There is no universal answer. It depends on many factors that include the scope of the lawsuit, the professional abilities of the entity that has been retained to address the problem, the amount of corrective work needed to correct the problem, the court docket in the court of jurisdiction, etc.

There is no universal answer. It depends on many factors that include the scope of the lawsuit, the professional abilities of the entity that has been retained to address the problem, the amount of corrective work needed to correct the problem, the court docket in the court of jurisdiction, etc.

There is no universal answer. It depends on many factors that include the scope of the lawsuit, the professional abilities of the entity that has been retained to address the problem, the amount of corrective work needed to correct the problem, the court docket in the court of jurisdiction, etc.

There is no universal answer. It depends on many factors that include the scope of the lawsuit, the professional abilities of the entity that has been retained to address the problem, the amount of corrective work needed to correct the problem, the court docket in the court of jurisdiction, etc.

How long does an administrator have to settle and estate in NJ?

In New Jersey, the timeframe for settling an estate can vary based on factors such as the complexity of the estate and any disputes that may arise. Generally, it can take around six months to a year or longer to complete the probate process and distribute the assets to the beneficiaries. It is advisable to consult with an attorney to understand the specific requirements and timelines for settling a particular estate in New Jersey.

Can convicted felon be trustee of a revocable trust?

In most cases, a convicted felon can serve as a trustee of a revocable trust unless there are specific legal restrictions or the terms of the trust prohibit it. However, being a convicted felon may impact the individual's ability to effectively manage trust assets or fulfill their fiduciary duties.

What documents do you need to prove next of kin?

To prove next of kin, you may need to provide a birth certificate, marriage certificate, or death certificate. Additionally, a will or court order naming the next of kin may also be required. It's best to consult with a legal professional for guidance specific to your situation.

Does a trust need to be witness?

In general, a trust document does not need to be witnessed for it to be valid. However, it is a good practice to have witnesses present when the trust document is signed to provide evidence of the grantor's intent and capacity in case of any legal challenges in the future. It is recommended to consult with a legal professional to ensure all legal requirements are met when creating a trust.

How can I prove that I am my father's next of kin?

To prove that you are your father's next of kin, you may need to provide legal documentation such as a birth certificate showing that you are his child. Additionally, you may need to show any relevant legal documents that designate you as his next of kin, such as a will or power of attorney. It is advisable to consult with a legal expert for guidance on how to properly establish your status as your father's next of kin.

Can the terms of a trust fund be changed?

In some cases, the terms of a trust fund can be changed through a process called trust modification. This typically requires approval from all beneficiaries and/or a court order, depending on the specific circumstances and laws governing the trust. It is important to consult with a legal professional to understand the options available for modifying the terms of a trust fund.

How do you dissolve a irrevocable family trust?

Dissolving an irrevocable family trust typically requires court intervention, and the process can be complex and lengthy. It may involve demonstrating changed circumstances or fulfilling specific legal requirements for trust termination. Consulting with a trust attorney to explore your options and understand the potential consequences is essential.

Can an exeutor of a trust legally take more than their share as it reads in trust?

No, an executor of a trust is legally obligated to distribute the assets according to the terms specified in the trust document. Taking more than their entitled share would be a breach of their fiduciary duty and could lead to legal consequences.

Can a beneficiary bully a trustee?

Yes, a beneficiary can attempt to exert undue influence or pressure on a trustee to act in a certain way, but the trustee has a legal duty to act in the best interests of the trust and all beneficiaries. If a beneficiary's behavior crosses the line into harassment or coercion, the trustee may need to take legal action to protect the trust and its beneficiaries.

Can you domicile a trust in another state?

Yes, a trust can be domiciled in a state different from the grantor's state of residence. This is typically done by establishing the trust in the desired state and appointing a trustee who resides in that state to manage it effectively. It's important to consider the legal and tax implications of establishing a trust in another state.

How long does a creditor have to make a claim against an estate?

You need to check the laws in your particular jurisdiction. Laws vary.

You need to check the laws in your particular jurisdiction. Laws vary.

You need to check the laws in your particular jurisdiction. Laws vary.

You need to check the laws in your particular jurisdiction. Laws vary.

What is the percent of a trust belongs to spouse when the spouse passed away and has children?

The percentage of the trust that belongs to the surviving spouse when the spouse passes away and has children can vary depending on the terms of the trust. In some cases, the surviving spouse may be entitled to a portion of the trust assets, while the remaining assets may pass to the children. It is important to review the trust documents and consult with an estate planning attorney to determine the specific distribution.

Who is legally next of kin half sister or nephew?

Legally, the next of kin is typically determined by the nearest blood relative, so in this case the half sister would likely be considered next of kin before a nephew. However, laws can vary by jurisdiction, so it's important to consult with a legal professional for specific advice.

Can an irrevocable trust be broken in Kentucky?

That may be possible, by a court order, if the trust is found to be invalid. You need to consult with an attorney who specializes in trust law who can review the details and explain your options.

That may be possible, by a court order, if the trust is found to be invalid. You need to consult with an attorney who specializes in trust law who can review the details and explain your options.

That may be possible, by a court order, if the trust is found to be invalid. You need to consult with an attorney who specializes in trust law who can review the details and explain your options.

That may be possible, by a court order, if the trust is found to be invalid. You need to consult with an attorney who specializes in trust law who can review the details and explain your options.

What if a life estate tenant remarries?

Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.

Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.

Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.

Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.

Can a spouse change a will after her husband dies?

No, a spouse cannot change the deceased husband's will after he dies. The will becomes irrevocable upon the death of the testator. Any changes would need to go through the probate process.

Can one heir force three heirs to sell property if they want to keep it?

In most cases, one heir cannot force three other heirs to sell a property if they want to keep it, unless specified in a legal document or through a court order. All heirs typically have equal rights to the property and must come to an agreement on its disposition. If an agreement cannot be reached, a mediator or legal action may be needed to resolve the issue.

If property was owned by deceased spouse after marriage what is the property rights of the surviving spouse with no will?

In a common law jurisdiction, the surviving spouse may have the right to a portion of the deceased spouse's property through intestacy laws. This varies by jurisdiction, but generally the surviving spouse will receive a portion of the estate, with the remainder distributed to other relatives according to the laws of intestate succession. It's recommended to consult with a lawyer to understand specific rights in your location.

Where is a trust filed?

A trust is typically filed in the county where the grantor resides or where the trust's assets are located. This is usually done by submitting the trust document to the local probate court or recorder's office for record-keeping and verification. It's important to consult with a legal professional for guidance on the specific filing requirements in your jurisdiction.

Is a beneficiary of a trust entitled to a complete copy of the trust agreement if one of the settlers is still alive?

Yes, a beneficiary of a trust is typically entitled to a complete copy of the trust agreement, regardless of whether the settlor is alive. It is important for beneficiaries to have access to the terms of the trust in order to understand their rights and obligations under the trust.

How do the spouse become the sole heir of your husband estate if he did not leave a will?

If your husband passed away without a will, the process of inheritance would likely follow intestacy laws in your jurisdiction. In many places, this means that the spouse would typically inherit a significant portion, if not all, of the estate, with the exact share varying depending on the jurisdiction and whether there are children or other relatives involved. It would be advisable to consult with a probate attorney or legal expert in your area to understand how the laws apply to your specific situation.

What is needed to prepare a living trust?

To prepare a living trust, you will need to gather information on your assets and decide who will be the beneficiaries and trustees. You will also need to draft a trust document that outlines the terms and conditions of the trust. Finally, the trust document must be signed and notarized to make it legally binding.

How do you find a copy of a trust?

To find a copy of a trust, you should contact the trustee, executor, or attorney who manages the trust. They should have a copy on file and can provide you with a copy upon request. If you are a beneficiary of the trust, you may also be entitled to a copy of the trust document.