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Estates

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

6,325 Questions

What kind of document do you execute to say a trust is revoked?

You must follow the provisions in the trust document for termination of the trust. If the trust was recorded in the land records a termination should be recorded AFTER the real property is properly transferred from the trust by the trustee according to the provisions of the trust.

I have been given my mothers home by deed she has a lifetime dowry can I change the locks on the house?

No. If your mother has a life estate, she has the right to the use and possession of the property. If you are actually dwelling on the property, your mother is not and is causing a problem, you should consult with an attorney who can review your situation and explain your options.

How do you establish an irrevocable trust with a life estate?

Trust law is one of the most complex bodies of law. The provisions to draft a valid trust vary from state to state. Errors made by non-professionals, even some attorneys, can be deadly and very expensive to correct IF they can be corrected.

You need to consult an attorney, with a good reputation, who can review your situation, understand your needs and explain your options. There are tax consequences that must be considered when making transfers to a trust. If the trust fails, the property will remain in the trustor's estate and the estate will need to be probated, trust property will not pass as desired and various taxes may be owed by the estate on the trust property. If you are contemplating such a complicated method of estate planning you need to consult a professional.

How can you see the Will of your deceased father- in - law?

If the estate has been filed for probate you can go to the probate court and read the will. Once a will is filed for probate it becomes a public record. You can even get a copy to keep for your records.

Who is considered an heir?

An heir is a person who is legally entitled to inherit the assets, property, or titles of a deceased person according to the laws of intestacy or through a will. The designated heirs can include family members, relatives, or individuals named in a deceased person's estate planning documents.

Can a person file a quick claim document in a state where the property is not located?

No, a person must file a quitclaim deed in the state where the property is located because real estate laws and recording requirements vary by state. The document must be filed with the appropriate county or municipal office to be legally binding.

What does under trust dated mean?

"Under trust dated" typically refers to a legal arrangement where assets or property are held and managed by a trustee for the benefit of a beneficiary. The trust document, often referred to as the trust deed or agreement, specifies the terms and conditions under which the assets are to be managed and distributed.

How to set up irrevocable trust for grandchild?

To set up an irrevocable trust for a grandchild, you typically need to work with an estate planning attorney who can help draft the trust document. You will need to fund the trust with assets, choose a trustee to manage the trust, specify the terms of the trust, and designate your grandchild as the beneficiary. Once the trust is established, the assets will be managed according to the terms you set forth for your grandchild's benefit.

Are there taxes on sale of an inherited property in Pennsylvania?

In Pennsylvania, there is no state inheritance tax on the sale of inherited property. However, capital gains tax may apply if the property is sold for a profit. It is recommended to consult with a tax professional for guidance specific to your situation.

Inheritance tax on rights of survivor property?

Property held as joint tenants with the right of survivorship is not a probate asset and therefore not subject to inheritance tax. To quote an article from the website in the link provided below:

"Another great advantage of holding property as joint tenants is that no taxes need to be paid on the property. There are two types of taxes that are avoided by joint tenancy. The first is the federal estate tax, which taxes an entire estate if the estate is large enough (as of 2009, at least $3.5 million, and as of 2011, at least $1 million). Some states also impose a death tax, which is similar to the federal estate tax. Additionally, joint tenants also avoid inheritance taxes, which are different than estate and death taxes. Inheritance taxes are taxed to the person who receives property from an estate, while estate taxes are taxed to the estate before any inheritances are given."

How long do you have to press charges against someone who accessed a safe deposit box of a deceased person illegally?

The time limit to press charges for the illegal access to a deceased person's safe deposit box varies by jurisdiction. It is best to consult with a lawyer or legal authority in the specific area where the crime occurred to understand the statute of limitations for such offenses.

Does a will need to have a witness?

In most jurisdictions, a will does require witnesses to validate its authenticity. The number of witnesses needed and the specific requirements can vary by location, so it is important to check the laws in the relevant jurisdiction to ensure the will is valid.

Name for person that inherit a will?

A person who inherits a will is commonly referred to as a beneficiary.

Can a person fight being disinherited in a will in Florida?

Under certain circumstances and depending on their relationship to the decedent a person may challenge a will in Florida. A testator cannot disinherit their spouse. The spouse can claim 30% of the estate under Florida law.

An adult child can be disinherited by simply leaving them out of the will. However, it is better to mention that you leave them nothing in the will in order to make it clear that you are disinheriting them. A child who is simply not mentioned in a will can try to challenge it on the grounds that you forgot to mention your child. If the challenge is successful, the child will be awarded a statutory share in the estate.

However, there are certain grounds for making a challenge:

  • The will wasn't signed in accordance with applicable state laws.
  • The Testator lacked testamentary capacity to sign a will.
  • The Testator was unduly influenced into signing a will.
  • The will was procured by fraud.

How does a wife apply for her husband's estate when there is no will?

The wife must file a petition in the probate court to be appointed the Administrator of her husband's estate. Once appointed she will have the power and authority to settle his estate under the supervision of the court and according to the probate laws. His debts must be paid before any assets can be distributed to his heirs-at-law according to the state laws of intestacy. You can check the intestacy laws of your state at the related question link provided below.

She should consult with an attorney who specializes in probate law.

Can an executor sell property owned by a minor in Tennessee?

Generally, in cases where a minor inherits property the court appoints a guardian ad litem to protect and oversee the child's interests in the estate. In the case of a sale of property by the court-appointed executor the guardian ad litem must consent to the sale.

How is the length of a life estate measured?

Generally, the life estate is for the duration of the life tenant's natural life. Other arrangements can be made if specifically recited in the grant or reservation such as a life estate until the life tenant is transferred to a long term care facility. An attorney should be consulted who can review the situation and explain the consequences of a life estate under state laws and tax laws.

Can an in-law inherit an estate?

If the decedent died intestate (without a will) an in-law would not be considered an heir-at-law. You can check the laws of intestacy for your state at the related question link provided below.

Of course, a person can leave property to an in-law in her will.

Are step children next of kin?

Stepchildren are not automatically considered next of kin. It depends on the specific laws of the jurisdiction and any legal arrangements that may be in place, such as adoption or guardianship. In some cases, stepchildren may be included in the definition of next of kin, while in others they may not. It is advisable for individuals to specify their preferences in legal documents like wills and healthcare directives to ensure that their stepchildren are considered as next of kin if desired.

Who is considered legally a minor in PA?

In Pennsylvania, a minor is usually considered any person under the age of 18. However, there are some exceptions, such as certain circumstances where minors can be considered adults for legal purposes.

Whatpart of the estate is a wife entitled to?

It depends if there is a will or trust involved. If a spouse dies the other spouse usually gets everything unless the family home or other items have been intrusted or willed.

Answer

See the related question link below for the laws of intestacy for your state. The laws of intestacy determine a surviving spouse's share of an estate. Generally, even if the surviving spouse is disinherited by will, they can claim a share under the doctrine of election. That share is generally equal to the share they would receive if the decedent had died intestate.

When should a living trust be updated?

of course! Wills, trusts, and other estate planning tools should always be current to reflect your most recent situation. Although planning for death is an unwelcome idea for many, it is important that you protect your loved ones by keeping these things current.

How do you find out if your father left you anything when he died. There is no known will and he was not married.?

To answer your immediate question: your father didn't leave you anything when he died if he didn't have a will.

If your father died intestate (without a will) and owned any property at the time of his death, his property would be distributed to his heirs-at-law according to the state laws of intestacy. If he was not survived by a spouse then, generally, his property would be distributed to his children and/or the children of any deceased child. You can check the laws of his state at the related question link below.

However, if your father died owning property his estate would need to be probated. An Administrator would need to be appointed by the probate court and THEN the Administrator would have the authority to settle the estate and to distribute the property according to state laws after the payment of any debts.

You can check to see if a probate was ever filed in your father's estate by contacting the probate court that serves his jurisdiction by telephone or in person and asking a clerk to check the index for a file under your father's name. If a probate file exists you can go to the court and review the file. It should contain an inventory of your father's assets and a record of the distribution.

Is step daughter before sisteras next of kin?

Legally, a step-daughter is typically not considered a next of kin in the same way a biological sister would be. Next of kin is usually defined as a person's closest living blood relative, such as a parent, sibling, or child. However, this can vary depending on specific circumstances and local laws.

How do you avoid children from contesting a will?

To avoid children contesting a will, you can clearly communicate your reasons for your decisions, seek legal advice to ensure the will is legally valid and meets all requirements, and consider including a no-contest clause that disinherits anyone who challenges the will. It may also help to involve your children in discussions about your estate plan to prevent misunderstandings or resentment.