Estates

Usually, yes, however, the executor is running a risk. An executor is not prohibited from hiring a relative merely because she is a relative. However; the executor may not pay that her more than the job is worth. No sweetheart deals, even if the daughter is a sweetheart. But that type of transaction is subject to challenge since it is inherently a conflict of interest for an executor to hire relatives to do things. The beneficiaries have the right to contest the amount paid if that amount is unreasonable or if the job done is substandard. If the executor overpays or gets a sustandard job, he risks having to reimburse the estate for the difference between what he would have paid to a professional and what he paid to his daughter.

upon death, estate tax is not required.

The income on the trust is either taxed and paid by the trust or the beneficiary of the trust. The income being tax exempt should have been included on a return as what type of income is fully tax exempt for federal and state? A distribution from the trust is not taxable if the taxes on the income had already been paid by the trust. The income on the trust is either taxed and paid by the trust or the beneficiary of the trust. The income being tax exempt should have been included on a return as what type of income is fully tax exempt for federal and state? A distribution from the trust is not taxable if the taxes on the income had already been paid by the trust.

The father's estate is responsible for the bills.

You are not responsible for the loan. You simply have a right to any equity that might be in the home. The bank will foreclose, sell the house, and if there is any money left, you would be entitled to it.

That depends on the type of income involved. If the return is for income the person earned during the year in which he/she died then a standard 1040 is filed by the executor. Typically the word "Deceased" is simply written on the top with a plain copy of the death certificate included. After a person dies, his/her estate becomes a new taxpayer with a new tax I.D. number issued by the IRS. The social security number of a decedent is not usable to report income earned by an estate after death. For this income, use a 1041. This answer is given for informational purposes only and not as legal advice, however I believe it is accurate.

The best way to locate a lost living trust is through a lawyer. A lawyer will know the proper routes to go through for finding the trust.

Yes, if that power was granted in the trust instrument.

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Depending on where someone lives depends on the need to pay taxes on any inheritance they get from a living trust. The beneficiary of an estate from inheritance will need to pay taxes to take possession of assets.

That you can pass over as much as you want, without tax consequences, to your spouse.

You must ask your parents, grandparents, aunts and uncles, siblings, etc.

Inheritance is used object oriented program. When you create a class, you can create a child class that inherits methods and data from the parent class.

The estate is responsible for the loan. If it is not paid the bank will take the property.

An old tradition, hopefully abandoned in modern society, in which the first born son was awarded the family bussiness, the second son was expected to dedicate his life to the Church, a third son was destined for military service and subsequent male children were expected to emmigrate to new and unexplored worlds.

The bills can't be paid. You need to file a petition in the probate court to be appointed the estate representative. The appointed estate representative will have the authority to access the decedent's account and pay any bills that are owed.

Euclid :D

You make your claim against the estate. If you were named in the will or are a natural heir to the deceased, the executor has to notify you. Contact the Clerk of the Probate court for the county in question. They will be able to provide you with the contact information for the estate. If an estate hasn't been opened, contact a probate attorney for help and they can get it set up.

Your estate is responsible. If the equity mortgage is not paid the bank will foreclose on the property.

this is also a term use for fiance/fiancee visa

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A christian father died interstate. His only daughter issued a legal notice to her two brothers and mother for partition the property of her father. They replied that he died interstate and they are ready to partition the property. After the suite was field before the court and a receiver petition was moved. After receiving the copy of the reciver petition her brothers produced in the court a foged will typed in a stamp paper with two witnesses which are her brothers workers. she has moved a pettiton to take a photograph her brothers objected that it will cause irrepairable loss and damage to them. Court allowed her pettition to take the photograph in the presence of her brothers and brother's counsel. While compared with the original signature in the sub registery office there is difference. The signature in the will is stopped inevery sharp ends. Clotted inks are therein the ends and there is difference with the original signature. Kindly give your opinion.

A christian father died interstate. His only daughter issued a legal notice to her two brothers and mother for partition the property of her father. They replied that he died interstate and they are ready to partition the property. After the suite was field before the court and a receiver petition was moved. After receiving the copy of the reciver petition her brothers produced in the court a foged will typed in a stamp paper with two witnesses which are her brothers workers. she has moved a pettiton to take a photograph her brothers objected that it will cause irrepairable loss and damage to them. Court allowed her pettition to take the photograph in the presence of her brothers and brother's counsel. While compared with the original signature in the sub registery office there is difference. The signature in the will is stopped inevery sharp ends. Clotted inks are therein the ends and there is difference with the original signature. Kindly give your opinion.

First fur trade millionaire was J J Astor See Wikipedia "Fur Trade"

She was worth $1 million at the time of her death and put all of it into the Irene Ryan Acting Scholarship which, over 35 years later, still awards monies to you, aspiring actors.

When a life tenant dies the life estate is extinguished. A death certificate should be recorded in the land records.