How do i find out if property was deeded to me from my late father who lived in Canada?
You may find some information at the link provided below. You should first try to google the town and province + 'land records' to see if you can find a link to the town records where your grandfather lived. If that doesn't work you should try to find the address and phone number of the town offices where he lived and contact them to ask where the land records are located. Then you could contact the land records office and ask if they will check your grandfather's name in the records to see if he recorded any deeds. If they won't assist you then you would need to contact an attorney in that area who could do the research for you for a fee.
Yes that is a very good question the answer is no they do not have to pay taxes in The Bahamas because the Bahamas is a tax free country but, they don't have to pay taxes in the united states because there property is over here in a tax free country and only if you keep your money in the bank of the Bahamas you can avoid paying taxes but if you transfer your money and your property to the US you will have to pay taxes
That depends on how your mother and her son held title on the deed. If they held as joint tenants with the right of survivorship then when she died her son became the sole owner of the property. If they owned as tenants in common then when your mother died her half interest in the property would pass to her heirs at law if she had no will. The attorney who is handling the estate should be able to answer your questions and to examine both the validity of the deed from your mother to herself and her son and the tenancy that was created in the deed.
There may be other assets apart from the real property that you are entitled to.
Why does eldest child inherit?
I take it that this question refers to the concept of the eldest child of a decedent receiving all or a greater share of the estate than younger children. This no longer happens in today's world, because it violates the equal protection provisions of the Constitution. (Although a parent is absolutely free to give the eldest son everything in a will.) This concept, called "primogeniture", existed in feudal societies where titles of nobility and lands passed to one child only, because the title of nobility could not be shared among several people and along with the title went the property.
What happens to power of attorney duties and power?
If the property was conveyed to a sister by deed from her father then she is the owner of the property regardless of whether the father is living or deceased.
Deeds have no other "meaning" except to convey property to the grantee on the deed unless other intentions are clearly stated in the deed. Father should not convey the property to one child if he really wants all his children to share in the property. By executing a deed to one child he is telling the world his intention is to transfer ownership to her alone.
If father is deceased, unless you have written proof that your father intended that your sister was to hold the property in trust for all his children then you are out of luck. The grantee on a deed is the owner of the property unless there is written evidence convincing enough to persuade a judge to rule that others have an interest in the property.
When irrevocable trust has 2 trustees can 1 of the trustees close the account?
That depends on the terms of the trust and the law of the state where the trust was created. In general, when there are more than one fiduciary acting on either a trust or estate a majority of the fiduciaries must act together. When there are two, action has to be unanimous. Many trusts that appoint two trustees avoid this problem of unanimity by providing that each trustee may operate independently of the other. If the trust is written with this provision then one of the two trustees may close the trust account on his/her own.
That depends on certain details. A well drafted will makes provisions for any devise made to a beneficiary who predeceased the testator. If the will does not contain alternative provisions then the gift lapses and becomes part of the residuary of the estate. The residuary estate is all the property that was not specifically devised in the will. A well drafted will contains a residuary clause that directs how the residuary estate will be distributed. If there is no residuary clause in the will then any leftover property will pass as intestate property according to state laws of intestacy.
To begin with, this question cannot be properly answered without knowing the state in which your aunt's estate is probated. Different states have differences in their probate laws, some are minor, some are major. The question is not whether your father was executor; the executor has no inheritance rights just by being executor. The real question is who does the will leave your aunt's estate to and does it require that the beneficiary survive your aunt by any period of time. Assuming the will gives your father your aunt's estate (and makes him executor as well) there are two possibilities. First, the will might have a commonplace provision that your father has to survive your aunt by some specific period of time or the devise of the residuary estate is revoked and given to some other person as if your father had died before your aunt. If the will has no such provision, some state laws have provisions that automatically kick in. The purpose of these provisions is to avoid your aunt's estate from having to go through your father's estate and be subject to payment of his debts and inheritance taxes even though he probably never got the use and enjoyment of the money he should have gotten. Second, if your father survived the will's survival requirement or the statutory one (whichever applies) then your aunt's estate has vested in him. This means that even if your father has not transferred money out of your aunt's name or out of her estate's accounts, your father's estate must get it. It will then be distributed according to his will. In the second situation, any provision in your aunt's will that gives her estate to someone else if your father dies after she does is ineffective once he survives her by the requisite period of time.
Can a trust open an account in a bank?
Yes, the trust is a separate legal entity just like a person, corporation or business and may own bank accounts in its name. In order to open an account, the trust must first obtain a taxpayer ID number, also called an employee identification number, for the trust. This is similar in concept to an individual's social security number, because the trust is a legal entity and it will have to report income for income tax purposes. If the trust accumulates and keeps income it earns, then the trust has to pay income taxes on that income. If the trust pays out all income to the beneficiaries, then the beneficiaries will pay the income taxes. In either event the trust has to file a tax return to either pay the income taxes or report the giving of the income to the beneficiaries so they can pay the taxes. In addition, the trustee may be required to obtain documentation from the local probate court to prove that the person claiming to be the trustee is in fact the trustee.
How much should it cost to have a will prepared?
about 6000 dollars depending on where you go. the cheepest is about 3500 dollars. why? are you dying? good luck:P about 6000 dollars depending on where you go. the cheepest is about 3500 dollars. why? are you dying? good luck:P
As the Trustee ITF can you have the beneficiary changed?
As the Trustee of an Irrevocable Trust Fund (ITF), you typically cannot unilaterally change the beneficiary. The terms of the trust document govern any changes, and modifications may require the consent of the beneficiaries or a court order, depending on the jurisdiction and specific circumstances. If you're considering a change, it's essential to consult legal counsel to ensure compliance with the trust's terms and applicable laws.
What happens if my mother dies without a will and has 7 living adult children?
If she has no living husband you would share her estate equally. You can look up the laws of intestacy in your state at the related question link below.
How are beneficiaries notified that they are in someones will?
The executor of the estate will review the will and contact any person indicated for a disbursement.
Would a parent be responsible for credit card debt of their deceased adult child?
Generally no, unless they were a co-signer on the account.
What is a sentence with bequeath in it?
"He decided to bequeath all his worldly belongings to his favorite nephew when he died."
What happens if you have a joint account and one of the parties dies?
Full ownership of a joint account passes to the surviving joint owner unless the joint account was set up for purposes of convenience only and the account is otherwise devised in a will.
Alexander's the Great heir was his son Alexander IV who was born after his death. The day of his death though he left his empire [τω κρατίστω - the strongest] therefore his marshals battled among themselves to take the power of the regions they were appointed to govern. After 60 years of conflict finally the empire was split in three major empires. They were the Antigonid Empire in Greece, the Seleucid Empire in Mesopotamia and Persia, the Ptolemaic Kingdom in Egypt, Palestine and Cyrenaica [current Libya].
According to the CIA website:
total population: 62.17 years
male: 60.84 years
female: 63.53 years
note:the preliminary 2011 numbers differ significantly from those of 2010, which were strongly influenced by the demographic effect of the January 2010 earthquake; the latest figures more closely correspond to those of 2009 (2011 est.)
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
Is an estate accounting required even if assets were held in joint tenancy and spouse is only heir?
If all property was jointly owned then ownership automatically passed to the surviving spouse. There is no need to open an estate proceeding.
Can two people serve as an executor to a single will?
Yes. However, they will each need to sign every document and filing unless the will provides that either one can sign on behalf of the estate.
Should pages of a last will be fastened?
Yes. The pages should be fastened so that the instrument will remain complete and intact.