Estates

An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.

Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.

An asset is some property or right having value owned by a person.

The average bill for gas heating can be anywhere from 65 dollars all the way to 150 dollars. It depends on how often you use it.

I have a home under my ex-husband name and my name under our family trust which it was awarded on our divorce shortly after he died the mortgage and the home still under my name. My ex-husband beforing dieying he appointed his sister as the executor which she is going thru probate she requested the I sign the I quit claim deed the property to her. Can the family trust override the will he did and can I have the home back. She said she goin to the court to have judge sign home over to her and the I will owe her $1,700.00 for filing the request.

The Senior Senator from the State of California is Dianne Feinstein. Senator Feinstein is a Democrat and assume office on November 10, 1992, most recently being reelected in 2012. She serves with with her "Junior" Colleague, Senator Barbara Boxer.

Previous to serving in the Senate Senator Fienstein served as the mayor of San Francisco from 1978-1988, a post she originally assumed as the President of the Board of Supervisors after the assassination of Mayor George Moscone. She currently serves as the Chairwoman of the Senate Select Committee on Intelligence which oversees the United States Intelligence Community, the array of agencies which provide information and analysis for leaders of the federal government.

There is a Federal inheritance tax. And it applies to Texas as well as all of the other states.

The most obvious way would be to check the statements for usage. And all credit cards should be notified as soon as possible of the death of the holder and the accounts cancelled.

It always ends on the death of the grantor. It may end based on the grant itself or when revoked by the grantor.

The nature of life insurance is such that death of the person insured is the occurrence that triggers entitlement to proceeds. Proceeds are payable to the person or entity named on the application as the beneficiary.

The insurance policy document will contain instructions as to how to submit a claim. These will include, for example, how to obtain a claim form, what to submit with the claim form (a death certificate will always be necessary) and other material information.

The required material will have to mailed to the insurer. Most states require that the insurer pay the claim within 30 days. However, under some circumstances the time for payment of proceeds can be extended if the insurer has a reasonable basis to investigate the claim, such as the cause of death.

Yes, all wills in Canada must go through probate. That makes sure all of the legal requirements are met and taxes paid.

If the will was probated you can obtain a copy at the court where the will was probated. If it was not probated you must request a copy from the person who has the will in their possession.

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Officially they are wards of the state until a probate process is commenced. The court can appoint a temporary guardian who will have legal control over the children until a permanent guardianship is established or the children are legally adopted. It is important for parents of minor children to have a will and designate a desired guardian for their children after discussing it with the named guardian. The court will usually appoint that person unless there is a compelling objection made at the hearing for appointment. If no guardian is named in a will any interested adult can petition the court.

Basically the same as product revenue, when an entity is sent a bill for services rendered. The amount received is known as billed revenue.

If solely owned by the decedent, yes.

A probate lawyer typically starts by reviewing the deceased person's will, if there is one, to determine who the beneficiaries are and what assets are involved. They also identify and notify potential heirs, gather documentation of the deceased person's assets and debts, and submit the will for probate if necessary.

It is the responsibility of the executor to notify all possible debtors and advertise for others.

The executor should never pay the bills themselves. They should have the estate do it. Yes, with proper receipts, there should be no problem with getting the money back.

A mortgage lien can be sought to be foreclosed pretty much for any reason, because the provisions can be enforced for the tiniest deviation, and can favor the lender-mortgagee. Remember, though, all the lender-mortgagee cares about is recouping its investment--they cannot foreclose because of the simple reason of the debtor-mortgagors' death, but they can justify their concern based on a genuine and reasonable belief that payment is no longer forthcoming, if one reasonably exists. Prior to probate, the rights and obligations accrue to the estate(s) of the debtor-owners. However--and it is a big however--an affirmative defense, that is a defense tending to negate the validity of the claim, to a mortgage foreclosure action and action for payment on the linked promissory note, is payment.

In jurisdictions where a judicial ruling and judicial sale is required, the court will not force a sale where a default has not occurred, and will not enter summary judgment if there is are genuine issues of material fact, such as whether or not a default has truly occurred. Notice is usually a condition precedent to maintaining an action--that is, that notice of attempts to collect payment have been proven to have been given. State consumer-protection statutes also may be operative. The estate will get its day in court before the lender-mortgagee can put the estate out of its property interests in the real property, especially now that interests in the estate's heirs at law and/or devisees attach.

You may have a more pressing problems, and different problems as to actions and remedies, in jurisdictions where lender-mortgagees can act unilaterally, but even then you are still entitled to due process of law. Check with an attorney at law.

Nothing unexpected. Exsanguination means "blood flowing out". That is the normal process of embalming, where the blood flows out as it is replaced by the formalin solution used in embalming.

When there are co-executors of an estate one has no superior rights over the other. If they cannot agree then the conflict needs to be presented to the court for a solution. The beneficiaries have the right to expect that the estate be settled with expediency. An executor who is holding up the process can be removed by a petition filed by the heirs or the other executor.

If your grandfather died and left all his property to his grandchildren in his will then they are the owners of the property. If your grandfather granted his own children life estates in the same property they did not have the authority to sell the real estate. In Massachusetts, their deeds would be null and void as to the transfer of the fee to the property. In order to convey the grandchildren's interest in the property they would have been required to have court approval of the sale. You should consult an attorney.

Generally, the deceased parent's estate is responsible for the debts of the deceased. The creditors should be notified of the death. If there are any assets the estate should be probated.