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Estates

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

6,325 Questions

Are children considered property?

In Western countries and other modern, developed, civilized societies, children (or wives) are not considered property. However, in many places in the world that is not so. You would need to do a country by country research project if you have specific countries in mind.

Can a prisoner act as a trustee of an estate?

Generally speaking, no. A trustee has to have access to financial records, meet with beneficiaries, and conduct all the other duties a trustee is required to do. That is simply not available to someone who is incarcerated.

How do you read the will of a decedent?

Once a will has been filed for probate it becomes a public record. If the will was filed for probate you can visit the probate court, request the file and read the will. If the will was not probated then you have no right to read it and will need to ask someone in possession of the will for permission.

What is the purpose of witnesses signing a will?

For a number of reasons. To ensure the testaor was not under duress when he was signing the will. Also to ensure it was in fact the testator themselves who signed the will. This is a very important part of signing a will. Generally, a will must be signed in the presence of two witnesses, who are actually in the room with the person at the same time. I have seen a number of wills invalidated because this step was handles incorrectly.

Are there any restrictions on leaving property by your will?

Typically, there are some restrictions on leaving property in a will, such as laws that protect certain family members who may have been excluded or provisions that may be against public policy. It's important to consult with a legal professional to ensure your will complies with all relevant laws and regulations.

Are revocable trusts a matter of public record?

Revocable and irrevocable trusts become a public record only if they have been recorded in the land records because they hold title to real property.

What rights do the residuary beneficiaries of an estate have?

The residuary beneficiaries of an estate are entitled to receive the balance of an estate after assets are distributed and all obligations are paid. For example, if a will specifies that one primary beneficiary is due $5,000,000 from the corps of an estate, the residuary beneficiary will receive the remaining balance after attorney fees, estate taxes, and other charges are withdrawn.

Does everything a person owns is considered as part of the residue of an estate?

Not necessarily. An estate's residue typically includes assets remaining after debts and specific bequests are settled. It may include real estate, cash, investments, and personal property, but personal items like clothing or jewelry may not be considered part of the residue if they are specifically bequeathed to someone.

I have been living here and paying the taxes for seven years. The owner has died leaving surviving children. How do I change the name on the title to the property?

You need to consult with an attorney in your area who can review the situation and advise you of your options under the law. Paying taxes does not give you any interest in the property.

When a person dies owning real property their estate must be probated in order for title to the real estate to pass to the heirs-at-law legally. You cannot change the name on the title. The property will pass according to the provisions in the decedent's will or the laws of intestacy if there is no will. You can check the laws of intestacy for your state at the related question link provided below.

Why would someone have to put a house in probate to inherit it?

Putting a house in probate is necessary after the homeowner passes away if there is no living trust or co-owner named. This legal process ensures that the deceased's assets, including the house, are distributed according to their will or state laws. Probate is required to transfer the property title to the rightful heirs or beneficiaries.

Can an irrevocable trust be broken by the surviving spouse just because the trust states the assets are to be divided between the children and not the surviving spouse?

Generally, no. A properly drafted trust removes the property from the decedent's estate and the property passes according to the terms of the trust. That is the primary reason for transferring property to a trust.

Trust law is one of the most complex areas of law. The surviving spouse should consult an attorney who specializes in trust and probate law who can review the situation and explain the options. However, actions to break a properly drafted trust can be extremely costly and rarely succeed.

Can you refuse to be a trustee?

Yes. When a person is named as a trustee there is generally an acceptance executed by the trustee and filed with the trust. You only need to make if known you do not wish to serve and the trustor can name a different trustee.

If a trust agreement is created and you cannot find the original document is the trust valid with the signed but not notarized copies?

You have a problem if the original trustor is deceased and the trust was used to remove property from their estate, especially if the trust holds real estate or valuable personal property such as insurance policies, investment accounts and bank accounts. You may need to bring the matter to court and get a court order that validates the unacknowledged copy. This is a good reason to record trusts in the land records. You need to consult with an attorney who can review your situation and determine your options under your state laws.

How do you obtain your mom's will?

First, a family member must know where a person keeps the Will so that if the person dies, someone can bring it out. Second, after a person dies, the Will must be probated, meaning it must be brought to the Probate Court to be recorded. If the person has debts or is owed money by "entities" (i.e. whoever), the Estate must still be probated even if there is no will or if it cannot be found; the estate would be treated as if the person never made a will, e.g. the person died Intestate, meaning "with no will".

If you are the Administrator of a Will, you will already have a copy of the will. If you were not the Administrator, you can request a copy at the Clerk of Courts office. If it is still in Probate, the Clerks' office may waive the copying fee since you are a direct relative. If for any reason your request is denied, you can hire an Attorney to investigate the denial and to represent your interests in the estate.

Do step children have any rights as next of kin?

Only step-children who were legally adopted by the decedent would be considered legal next-of-kin.

There is a rare exception in states such as New Jersey in which the estate of a person who dies with no other heirs at law can pass to step-children. These issues are governed by state laws of intestacy.

You can check the laws of intestacy in your state at the related question link.

What amount of inheritance was received under right of primogeniture?

Generally, under systems of primogeniture, the eldest son inherited the entire estate. Females and younger sons were disinherited. Customs and laws varied in different jurisdictions and different countries. An internet search will yield thousands of sites that describe the right of primogeniture in different places during different periods of time.

What is the historical meaning of chattel and chattel law?

The term chattel is derived from the root word cattle.

In some jurisdictions chattel refers to items of property that are movable as distinguished from real property. In others, it refers to tangible and intangible personal property. In that sense it can refer to a right or an interest in real estate less than a fee interest such as a leasehold. A chattel mortgage is an obsolete form of loan secured by personal property.

The most interesting and disturbing aspect of chattel law is the notion of women as chattel that has woven itself into legal codes throughout history. In various times, places and cultures such as Merry Old England, the Hebrew Bible, The Code of Hammurabi and the Middle East, a bride price was/is an amount of money or property paid by the groom to the parents of his bride, she thus becoming his possession like a horse, a wagon or household utensils. Its origins were before recorded history and it established the wife as property, or, chattel. That practice established the world-wide dominion over women by men. Most European noblewomen were joined to their husbands in chattel marriages. In the patriarchal society of Old New York, women were treated as chattel and only valued as objects. For many men a wife still remains his chattel, in theory.

Historically, under common law, damages could be awarded to a husband on the loss of his wife due to the actions of another because his wife was considered chattel. In certain Middle Eastern societies, women (and women in some Orthodox Jewish cultures) are still considered chattel having no legal existence outside their husbands, fathers, sons and brothers. A husband owns his wife and any children of the marriage. In some areas, that chattel status is modified to only include sexual and reproductive rights that are owned by husbands.

Can a different person other than a legal guardian be appointed over a minor's estate?

A guardian is the legal entity appointed by the court to manage property for a minor. A guardian is sometimes referred to as the custodian of a child's estate.

A custodian is also a term used by the Uniform Transfers to Minors Act (UTMA) and Uniform Gifts to Minors Act (UGMA) for the person named to manage property left or given to a child under the terms of either of those Acts. The custodian manages the property until the child reaches the age specified by state law -- 21, in most states. Then the child receives the property outright, and the custodian has no further role in its management. The Acts have been adopted by some states and allows an arrangement by which a donor can designate a custodian for a minor for managing gifts under a certain dollar amount ($13,000).

How does one probate an estate?

Go to the clerks office of your local probate court get the necessary documents, fill them out, and return them to the clerks office. Better than that spend a few hundred dollars and hire a probate attorney to handle.

If there is real property involved, or a substantial amount of personal property, you should consult with an attorney who specializes in probate law in your jurisdiction. When anyone dies owning property, their debts must be paid before any assets can be distributed to the heirs. An estate representative must be appointed by the court and they must settle the estate according to state law. The estate representative is personally liable for any errors they make contrary to probate law or any waste caused by their errors.

Briefly, the estate representative's duties include the following:

  • Safeguard the assets, changing locks if necessary until the will is presented for probate
  • Select the attorney who will handle the estate
  • Submit the will for allowance and petition for appointment as executor if there is a will
  • Publish notice and notifies heirs at law and beneficiaries
  • (Once appointed) Open an estate account if necessary
  • Assemble, Inventory and take custody of assets
  • Notify Social Security and insurance companies of the death
  • Pay the debts of the estate according to statutory priority
  • Administer the estate according to the provisions of the will and state law
  • If there is no will the estate must be administered according to the state laws of intestacy
  • File the estate tax return
  • Distribute the estate
  • File the final account

If you are the spouse can you bring a law suit against the estate if treated unfairly?

In most states a surviving spouse cannot be disinherited and can claim a share of the estate under the doctrine of spousal election. Generally, it is much simpler than a will contest and only requires the filing of the claim with the probate court. You should consult with an attorney who specializes in probate law in your area who could review your situation and inform you of your rights and options under your state laws.

Can you bring a law suit against an estate?

Yes, you can bring a lawsuit against an estate if there are legal grounds to do so, such as outstanding debts owed by the deceased. The executor or personal representative of the estate would typically handle any legal matters on behalf of the estate. It is advisable to seek legal assistance to navigate the process effectively.

What is the inheritance laws in Florida if your dad dies and he is named in a will?

If your father was a beneficiary under a will and then died after the testator, it depends on the construction of the will. As long as your father survived long enough to inherit the legacy, it will pass under the terms of his own will or will pass as intestate property according to the state laws of intestacy to his heirs-at-law. You can check the laws of intestacy for Florida at the related question link provided below.

Is a codicil a clause in a will affirming the testator's testamentary capacity?

A codicil is a legal document that allows an individual to make changes or additions to their existing will without rewriting the entire document. It does not affirm the testator's testamentary capacity, but it does require the same legal formalities as a will and must be executed by a person of sound mind.

Can an Indian grandson can get his grandmother's property?

In India, as per the Hindu Succession Act, a grandson has rights to his grandmother's property only if his parent who is the deceased's child is also deceased. The property will be divided among all legal heirs as per the law, which may include the grandson depending on the circumstances. It is advisable to seek legal counsel to understand the specific details of the situation.

How do you know if a power attorney has been revoked?

A power of attorney is typically revoked by executing a written revocation document and providing a copy to the appointed attorney-in-fact, financial institutions, and relevant parties. Additionally, you can inform the attorney-in-fact, institutions, and individuals involved that the power of attorney has been revoked. It is advisable to seek legal counsel to ensure the proper revocation process is followed.