answersLogoWhite

0

💰

Estates

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

6,325 Questions

Would your adopted brother be your heir?

Not automatically. In most cases, the default laws of inheritance do not consider adopted siblings as heirs unless specifically mentioned in a will or estate plan. It's important to have a legally binding document outlining your wishes for inheritance to ensure your adopted brother receives what you want him to inherit.

What happens in Texas when the executor of the will was incarcerated for a felony?

In Texas, if the executor of a will is incarcerated for a felony, they may be disqualified from serving as executor. It will be up to the court to determine if a new executor should be appointed to handle the estate administration.

When is a will necessary?

A WILL is allways necessary in this day and age.If you died..say in the UK..without making a Will you would have died intestate-meaning your Estate or your possessions would be decided by the court [PROBATE]If you have made a Will..on the otherhand you are in effect making your wishes known very clearly as to who gets what from your estate...i.e.."I wish to leave my house to my wife Jane-and I wish to leave Ten thousand cash to my son Mark,Ten thousand cash to my daughter Sandra.I further leave my favourite painting to my next door neighbour John"!

This is a typical example of how a Will is usually made out,however in the event there is "NO-WILL"made then there could be disputes amongst the parties mentioned above..like my son Mark may refuse to hand over the paintings to John my neighbour,although I may have ..verbally...promised John the painting in my lifetime.

There can also be some complicated - CAPITAL GAINS TAX ISSUES- an area I am not familiar with and for this you need to see a lawyer or an Accountant who specialises in WILLS in your area.

One of the more important things that a will can establish is the appointment of an executor. In the absence of a will, the court will appoint an executor of their own choosing, who will charge whatever fees he sees fit.

How do you search for a copy of a will?

To search for a copy of a will, you can start by contacting the deceased person's lawyer if known. You can also reach out to the probate court in the county where the person lived to inquire if a will was filed for probate. Additionally, check with family members or the executor of the estate as they may have a copy of the will.

How many witnesses are needed for a codicil to a legal will in Ontario?

You need two witnesses for a will or codicil to a will.

However, if the will or codicil is entirely handwritten (holographic will/codicil), no witnesses are needed. Holographic wills are valid in Ontario, Alberta, New Brunswick, Newfoundland, Quebec, Manitoba and Saskatchewan.

Can a new will override an old will under Louisiana law?

A will may be changed or revoked at any time by the testator. A new will can revoke an older will by stating that intention in the first paragraph of the new will. The first paragraph should always declare, "I hereby revoke any and all other wills and codicils heretofore made by me." You can read more about executing wills and estate planning in Louisiana at the links below.

How long does a person have to file a claim against an estate?

You need to check the statutes in your jurisdiction since the time period for creditors to file a claim varies from jurisdiction to jurisdiction. The time period is generally six months or less.

How long does an executor have to distribute a will?

The distribution shouldn't be made until the statutory period during which creditors can make a claim has expired. An executor must act efficiently and expeditiously in settling an estate. If you think things are not proceeding as quickly as they should then ask the executor and/or the attorney who is handling the estate for a status report. If you don't receive a prompt response then complain to the court. Depending on the complexity of the estate it can take a few months to two years or more to complete the probate proceeding.

Can an executor find ways to keep one of his sibling from receiving an inheritance as outlined in the will by directing executor fees toward that sibling's allotment or other methods?

No. An executor cannot take his fees from one beneficiary's share of the estate. He must follow the instructions in the will. He must perform his duties honestly and according to the law. The debts and costs of probating the estate come out of the assets first. If there is not enough left to pay the full amount of the legacies then they must be pro-rated equally. The executor cannot discriminate against one beneficiary.

Can heirs be removed from a trust by a codicil?

By the language you use in your question I will assume you are referring to a testamentary trust.

The answer is yes. If you have created a testamentary trust in your will you may make any changes during your life by using the form of a codicil. However, make certain the codicil is properly drafted to meet legal requirements and clearly written in order to make your changes perfectly clear. You must state the section you wish to revoke and then clearly state it's replacement if there is one.

In Tennessee to execute a codicil to a will how many witness signatures are required and does it need to be notarized?

A codicil must follow the requirements of a will. Although the statute does not require a notary it always a good practice to have wills notarized. 32-1-104. Will other than holographic or nuncupative. — The execution of a will, other than a holographic or nuncupative will, must be by the signature of the testator and of at least two (2) witnesses as follows: (1) The testator shall signify to the attesting witnesses that the instrument is the testator's will and either: (A) The testator sign; (B) Acknowledge the testator's signature already made; or (C) At the testator's direction and in the testator's presence have someone else sign the testator's name; and (D) In any of the above cases the act must be done in the presence of two (2) or more attesting witnesses. (2) The attesting witnesses must sign: (A) In the presence of the testator; and (B) In the presence of each other. [Acts 1941, ch. 125, § 4; C. Supp. 1950, § 8098.4; T.C.A. (orig. ed.), § 32-104.]

What if a person was given permission to store property while probate of the will took place and now refuses to relenquish property?

The executor should not have allowed the property out of her/his possession. It is their duty to safeguard the property on behalf of the heirs. The executor will need to sue the person who has taken the property.

What rights do adopted sibling have in their sibling's intestate estate?

In most jurisdictions a legally adopted sibling is a legal heir. You would need to check the laws of your state. You can find state-by-state intestacy laws linked in the related question below.

Do children get to see their fathers Will when the stepmother is the executrix?

If an executor has been appointed by the court you can contact the court and request a copy of the will. Once a will has been presented to probate court for allowance it becomes a public record and available to anyone who requests to review the probate file.

In Tennessee can a Notary Notarize a will?

Yes. Although a Tennessee will does not have to be notarized to be legal, having your will properly notarized so as to be "self proving" will make the probate process easier. See the information provided at the link below.

What fee can an executor of an estate charge in South Carolina?

Taken from the South Carolina Probate Law SECTION 62-3-719.

Compensation of personal representative.

(a) Unless otherwise approved by the court for extraordinary services, a personal representative shall receive for his care in the execution of his duties a sum from the probate estate funds not to exceed five percent of the appraised value of the personal property of the probate estate plus the sales proceeds of real property of the probate estate received on sales directed or authorized by will or by proper court order, except upon sales to the personal representative as purchaser.

The minimum commission payable is fifty dollars, regardless of the value of the personal property of the estate.

(b) Additionally, a personal representative may receive not more than five percent of the income earned by the probate estate in which he acts as fiduciary. No such additional commission is payable by an estate if the probate judge determines that a personal representative has acted unreasonably in the accomplishment of the assigned duties, or that unreasonable delay has been encountered.

(c) The provisions of this section do not apply in a case where there is a contract providing for the compensation to be paid for such services, or where the will otherwise directs, or where the personal representative qualified to act before June 28, 1984.

(d) A personal representative also may renounce his right to all or any part of the compensation. A written renunciation of fee may be filed with the court.

(e) If more than one personal representative is serving an estate, the court in its discretion shall apportion the compensation among the personal representatives, but the total compensation for all personal representatives of an estate must not exceed the maximum compensation allowable under subsections (a) and (b) for an estate with a sole personal representative.

(f) For purposes of this section, "probate estate" means the decedent's property passing under the decedent's will plus the decedent's property passing by intestacy. This subsection is intended to be declaratory of the law and governs the compensation of personal representatives currently serving and personal representatives serving at a later time.

How do you use bequeath in a sentence?

My dad bequeathed his car to my older sibling by his Last Will.

Does a trust have to be written?

To be valid a trust must be in writing and meet certain statutory requirements. A trust that holds title to real estate generally must conform to the requirements of the laws of the state where the land is located regardless of where the trust originated. That means that if you live in California and draft a California trust that will hold title to land in Massachusetts, the trust must conform to Massachusetts law. A "constructive trust" can be imposed by a court to prevent unjust enrichment or to redress a wrong.

Can estranged children claim fathers intestate estate?

Laws regarding inheritance vary by jurisdiction, but generally, estranged children can still be entitled to claim a portion of their father's intestate estate if they are able to establish their legal right to inheritance. However, this may depend on factors such as the laws of the specific jurisdiction, any existing wills or legal documents, and the nature of the estrangement. It is advisable to seek legal counsel for guidance specific to the situation.

Are your stepchildren entitled to your estate?

In most cases, stepchildren are not automatically entitled to inherit from your estate unless you specifically include them in your will or estate plan. If you wish for your stepchildren to receive any of your assets upon your passing, you should outline your intentions in a legally binding document like a will or trust. Consulting with an estate planning attorney can help you ensure that your wishes are carried out effectively.

How do you change the conditions of a trust?

If the trust is revocable, by an amendment signed by the grantor and trustee. Texas: If the trust is not revocable, a court proceeding is necessary. You must prove that because of unforseen circumstances, the purposes of the trust cannot be met by compliance with the trust terms.

In the case of Saunders v Anglia Building Society why is the case named Saunders v Anglia Building Society?

Mrs Gallie made a will leaving her house to her nephew, Parkin. Parkin's friend Lee was in debt. Through a series of circumstances Lee tricked Mrs. Gallie into signing a document that Lee told her was a gift deed to her nephew, Parkin. She couldn't read it because she had broken her glasses. She signed it. It was a deed to Lee.

Lee mortgaged the house to the Anglia Building Society. He defaulted and the lender sought possession of the house. Mrs. Gallie sued on the claim that the deed was void under the doctrine of non est factum. When she died the case was taken over by her her executor, Saunders. Judgment was entered for the Anglia Building Society because Mrs. Gallie had signed the document without having informed herself of its meaning.

The official citation for the case in the UK is Saunders v Anglia Building Society [1970] 3 All ER 961.

Can a Michigan resident be executor of an Ohio will?

Probably. Where the will was executed is irrelevant. The only issue is where did the testator die? If the testator died as a resident of Michigan, the will has to be probated in Michigan. If the testator died as a resident of Ohio, the will has to be probated in Ohio. If the named executor, or the person to serve as executor with the will annexed in the absence of the named executor, is not an Ohio resident, s/he may have to designate a "resident agent," usually the lawyer handling the estate.

Who can not be a executor of a will?

In probably varies from state to state. In Texas, ineligible people are those who are convicted felons, those without capacity (minor children or physically or mentally incapacitated), nonresidents of the state who have not appointed a resident agent for service of process, or persons the probate court finds to be "unsuitable." If you think that sounds vague, you are right.

How long after a Probate judge signs off on a probate estate can heirs to the estate contest it or bring it to superior court in Charleston South Carolina?

In South Carolina, heirs typically have eight months after the judge signs off on a probate estate to contest it or bring it to the superior court. This is in accordance with the state's probate laws, and it is crucial for heirs to act within this timeframe if they wish to challenge the probate process.

Trending Questions
When a parent dies are children responsible for a debt they still owe to the parent? What happens if the beneficiary listed in a will can not be located? Your dad died without a will if you get the money out of his checking account can creditors come after you for those funds? What is the name of the person in charge of a family estate? Your sister is executor of my mothers will Do you have a legal right to see the will before your mother dies? When there is three owners of a house and one dies is the house part of the dead person estate? Can live in friend lay claim to estate after spouse's death? Can i find out who a dead person owes money to? Are personal belongings included in the estate? Can a discretionary trust be cancelled at any time? How can you find out if your deceased parent had a bank account? Does a trust dissolve when the maker of the trust dies? When irrevocable trust has 2 trustees can 1 of the trustees close the account? In New Jersey is the surviving spouse responsible for credit card debt when the account was solely in the name of the deceased spouse? Why have a life insurance policy to the estate? How can medicare take estate given to someone in a will? What happens when your last surviving parent passes away and in their will they named each other as beneficiary there are us five daughters as next of kin? Letter for distribution of estate assets? What happens with a life estate when the property is sold while the property owner is still alive. Is it automatically revoked? How does an executor of an estate gift a car to a relative?