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Estates

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

6,325 Questions

How much was Luton Hoo sold for?

i believe that it was sold in a bad state for about £12 million.

How long after an unlawful detainer do you have to move?

The timeline for moving out after an unlawful detainer varies by state, but it typically ranges from 5 to 10 days after a court judgment is issued in favor of the landlord. It's important to carefully review the specific laws applicable to your situation.

How many people die without a will per day?

Publsihed in 2007, Harris Interactive® for Martindale-Hubbell® conducted a research study1 finding that for the last three years, 55% of all adult Americans do not have a will. Only one in three African American adults (32 percent) and one in four Hispanic American adults (26 percent) have wills, compared to more than half (52 percent) of white American adults.

In North Carolina if there is no will can the brothers of the deceased override the children's claim to the estate if witnessess swear the deceased left his entire estate to his brothers?

In North Carolina, if there is no will, the deceased's estate would generally be distributed according to intestacy laws, prioritizing spouses and then children. If witnesses claim the deceased left the estate to his brothers, this may need to be proven in court, and the court would consider evidence and applicable laws to determine the rightful heirs. Ultimately, it would depend on the specific facts and circumstances of the case.

If your mother and stepfather owned a house and your mom died do the stepchildren have any rights to the house on your mother's behalf?

No, unless the property was titled in such a way that it prevents the automatic succession to the surviving spouse, which is highly unlikely. In all states a primary homestead by-passes probate procedure and becomes the sole property of the surviving spouse.

If your parents' will left their estate to you and two siblings but your sister took a lot of personal things can she do that?

If your parents' will specified that the estate is to be divided equally among all siblings, then your sister is not entitled to take more than her share without the agreement of the other siblings. If she has taken personal belongings without consent, you may need to consult with a lawyer to address the situation legally.

How do you receive land given to you in a will?

You receive title through the will. There is no conveyance, as title vests in the receiving heir(s) immediately upon decedent's death, subject to legal contingencies or conditions that may require disposal of the property to someone else during probate. Once the estate is settled, the contingent title becomes clear title. The lawyer handing the Estate (Will) should contact you. It can take up to a year or more for a Will to go through Probate (meaning: all challenges are defended, creditors are paid, all personal income tax is paid and all property taxes are paid off, and all priority gifts have been made.) If in doubt, try finding out who the lawyer is and contact him/her.

What purposes do Most of the surviving chavin serve as?

Most of the surviving Chavin structures are believed to have served as ceremonial and religious centers for the Chavin culture. These sites are thought to have been used for rituals, gatherings, and possibly as places where rulers or priests communicated with deities.

How are inkind distributions from a secular trust taxed?

In-kind distributions from a secular trust are generally taxed based on the fair market value of the assets distributed at the time of distribution. This value is included in the recipient's taxable income for the year. Capital gains tax may apply if the assets distributed have appreciated in value since they were acquired by the trust.

What rule applies to the word exhaust?

Group VII. When the word has an immediate -tion form, -ible is used.

What does 5 year look back period mean in terms of life estate and medicaid?

A 5-year lookback period refers to the timeframe during which Medicaid examines an applicant's financial transactions to determine eligibility for benefits. If an individual has transferred ownership of assets, such as a life estate, within this period, it may impact their Medicaid eligibility. The goal is to prevent individuals from transferring assets to qualify for benefits while maintaining access to these assets.

Is my oldest child the next of kin?

Not necessarily. The next of kin is usually the closest blood relative, such as a spouse or parent. If something were to happen to you, legal documents like a will or power of attorney can designate who is considered your next of kin.

Who is next of kin to a child whos parents have died the grandmother or elder adult sister?

Typically, the elder adult sister would be considered the next of kin to a child if both parents have died. However, this can vary depending on legal regulations and specific family circumstances. It is advisable to consult a legal professional for guidance on this matter.

Is a grandchild still a natural heir if the deceased parent is not named in the Grandparents Will or Trust?

It depends on the specific laws and provisions of the will or trust. In many cases, grandchildren are considered natural heirs and would be entitled to a share of the inheritance if their parent is deceased. However, it's important to consult with a legal professional to understand the specific circumstances and implications.

How do you find out if you are beneficiary of dad's retirement with no will?

If your dad had a retirement account and passed away without a will, you may need to contact the retirement account provider and provide them with the necessary documentation to establish your beneficiary status. This could include a death certificate, proof of relationship to your dad, and any other required information. The retirement account provider will then determine if you are listed as a beneficiary on the account.

Does next of kin go in order of age of children?

Not necessarily. The next of kin is usually determined by the individual's relationship to the deceased and not by their age. In some cases, the next of kin may be a spouse, parent, or sibling regardless of their age in relation to the deceased.

What does the term 'per stirpes' mean?

'Per stirpes' is a Latin term used in inheritance law to describe how assets should be distributed among a deceased person's descendants. It means that each branch of the family receives an equal share of the estate, with the share of a deceased person in that branch passing to their descendants.

Are grandchilren next of kin if parent dies?

No, grandchildren are not typically considered next of kin if a parent dies. Next of kin usually refers to a person's closest living blood relative, such as a spouse, parent, or sibling. Grandchildren would be considered more distant relatives in terms of legal relationships.

Is the sole beneficiary of a will entitled to the deceased persons retirement?

It depends on the terms outlined in the deceased person's will and retirement account. If the sole beneficiary is named as the beneficiary in the retirement account documentation, then they may be entitled to receive the funds. However, if there are specific instructions in the will regarding the distribution of the retirement account, those would generally take precedence.

Is the oldest child normally executor of estate?

No, the oldest child is not automatically designated as the executor of an estate. The executor is typically chosen by the individual in their will or appointed by the court based on state laws. It is important to select an executor who is capable of handling the responsibilities involved.

Mother is 86 years old. Can she leave a life estate to me in her will with the remaining brothers and sisters to inherit the estate after my death?

Yes. That is exactly how a life estate works. In her will, your mother could grant a life estate to you with the remainder to your siblings after your death. You would not have any ownership rights in the property and thus couldn't sell it, nor would you own any interest that could pass by a will. Upon your death the life estate would be extinguished and your siblings would own the property free and clear of your life estate.

By that arrangement you would have the right to the use and possession of the property for the duration of your natural life. You would be responsible for paying the taxes and maintenance costs and you must not cause any waste or damage to the property.

You should consult with an attorney who specializes in probate law ASAP. She/he can draft a proper will for your mother that meets the legal requirements for your jurisdiction and explain the options and consequences.

Can an elderly person regain control over his life if a relative is abusing power of attorney?

Yes, an elderly person can regain control over their life if a relative is abusing power of attorney by seeking legal help. They can revoke the power of attorney, report the abuse to authorities, and seek protection through legal means such as obtaining a protective order or guardianship. It's important to act swiftly and decisively to protect the elderly person's rights and well-being.

Can a personal representative set up a trust fund for a beneficiary age 21?

Generally, the estate representative has no right to deny any heir their inheritance unless the will provides the gift will be held in trust. An executor has no independent power to make that decision on their own. They would need to obtain a court order.

Is ameri-estate legal plan a danger to seniors?

AmeriEstate's Legal Plan is a service that provides legal advice to members through a network of provider-attorneys. It is advertised as being like insurance.

No one needs "legal services" insurance. Seniors should save their money and use it in the event they need legal advice. Then they should call a local attorney with good references. it is not necessary to pay a monthly fee for legal services you may never use. It is a money-making scheme that is part of the American services "Market".

How can one determine the age of a deceased person by looking at the skeleton?

One can determine the age of a deceased person by examining the growth plates in long bones, such as the femur, which close as a person reaches adulthood. Additionally, dental development and wear patterns can provide insight into age, as well as changes in the pubic symphysis and cranial sutures. Advanced techniques like DNA analysis can also be used for age estimation.