answersLogoWhite

0

💰

Estates

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

6,325 Questions

Name out the first person received akkineni nageswara rao award?

Akkineni Nageswara Rao was an Indian actor and producer who passed away in his sleep in 2014 as the result of a heart attack. The Akkineni Nageswara Rao Award, known as the ANR National Award, was first instituted in 2005. It was awarded to the actor, writer, director and producer Dev Anand that same year.

What is a living trust template?

A living trust template is a generic trust instrument. These documents are sold for a variety of uses such as estate planning tools to avoid the expense of probating an estate, to remove property from the reach of creditors or to minimize taxes. Be warned that states have various requirements for creating a VALID trust document. A trust that is valid in California or Florida may not be valid in Massachusetts. To hold title to real property in Massachusetts a trust must conform to Massachusetts law. Therefore, generic trust documents downloaded from the internet are extremely unreliable. The legal problems that can result from these generic trusts can be extremely costly.

A common example is a document that allows the trustor to declare himself the trustee and the beneficiary during his life and then names a successor trustee who will distribute the property after the trustors death. These trusts have become very common and are invalid.

In the example provided above there was no trust created. When the same person is the trustor, trustee and the beneficiary, any property transferred to the "trust" remains in the estate of the "trustor". Upon the death of the trustor-trustee-beneficiary the estate must be probated. If the "trust" was used for tax purposes during that "trustor's" life there may be taxes and penalties owed.

Another problem frequently seen in generic trusts is the failure to provide all the necessary provisions for the trustee to deal with the property. There are examples where a trust was created and the property was transferred to the trust. However, the trust failed to grant the power to sell the property to the trustee. Therefore, once the property went into the trust there was no means by which it could come back out. In other cases the trustee has died and the trust fails to make provisions to appoint a successor trustee. In those cases, the interested parties must hire an attorney and petition the court to make the necessary modifications to the trust so the property can be transferred to the beneficiaries or sold.

When contemplating the transfer of property to a trust you should consult an attorney who is knowledgeable about trust law in your state.

Are there private prisons in California?

Yes, there are private prisons in the state of California. When the public prisons are overflowing, the prisoners are sent to private prisons. Private prisons cost the state millions each year to house prisoners.

What is Per stirpes with regard to life estates?

That means a testator granted a life estate and when the life estate holder does the property is to be distributed per stirpes to the descendants of the testator.

See related question for definition of per stirpes.

How can you find your grandparents will?

To find your grandparents' will, start by asking your family members if they know any details about it, such as the lawyer or law firm involved. Check with local probate courts where your grandparents lived, as wills are usually filed there. You can also search online public records or consult with an estate attorney for further guidance.

How do you get a copy of the entire trust of a deceased person?

To obtain a copy of the entire trust of a deceased person, you typically need to request it from the executor or trustee of the trust. They are usually responsible for administering the trust and should have a copy on file. Alternatively, you may need to contact the probate court or an attorney involved in the probate process.

If you inherit land from your grandfather and then pass away does that land go to your spouse or children?

Generally:

It depends on the circumstances. If the grandfather died and left his property to his children and one had predeceased him, the predeceased child's children would generally inherit their parent's share as heirs of their grandfather.

If you inherited property from your father, your interest will generally become part of your estate and pass according to your will or the laws of intestacy if you have no will. Under the laws of intestacy your husband would inherit all or some of your interest.

You need to consult with an attorney in your jurisdiction to determine what your options are under your local laws. You can check out the laws of intestacy at the related question link provided below.

Is a pass on death deed legal?

The law is different in each jurisdiction. You should discuss the jurisdictional legality, possible problems and consequences of that type of deed with an attorney who is an experienced conveyancer.

What rights does a lifetime childless spouse have in intestacy?

The rights the childless spouse has in intestacy vary depending on the jurisdiction. In some jurisdictions, the childless spouse has the right to inherit the entire estate if there are no other surviving relatives. In others, the spouse may receive a portion of the estate alongside other surviving relatives. It is important to consult the laws of your specific jurisdiction to determine the rights of a childless spouse in intestacy.

What happens if there is a sole beneficiary and a trustee sole benficiary dies what happens to the trust corpus?

It depends on the language of the trust agreement. If it is silent on the issue, then it should pass to the estate of the person who created the trust. ==Additional Answer== In most jurisdictions a trust must have termination language in order for a valid trust to be created. It must contain instructions regarding the disposition of the trust property after the death of the beneficiary. Instructions for the disposal of the trust property is especially important when the trust holds the title to real estate. A valid trust makes provisions for the trustee to dispose of the property when the trust is terminated or upon the death of the beneficiary. If there is no power in the trust to dispose of the real estate then that matter must resolved by a court of jurisdiction in order to clear the title. The title to the property would not pass back to the trustors estate unless the trust was found to be invalid and so the trust failed and the trust property had REMAINED in the trustor's estate. You would need to check your state trust laws.

What group is known as the Fourth Estate?

The group known as the Fourth Estate refers to the press or media organizations. It is sometimes used to emphasize the important role of the media in democracy and as a check on government power. The term originated in the 18th century, highlighting the media as an unofficial fourth branch of government alongside the legislative, executive, and judicial branches.

If a person dies intestate in Pennsylvania and owns property in Virginia which states laws govern?

Generally, the laws of the state where the property is located apply. If a person who lives in New York dies intestate owning real property in Massachusetts then Massachusetts laws of intestacy would govern the distribution of the property.

Can your money be disbursed prior to your death?

Yes. Your money can be gifted to your children before your death. The limit was $10,000 per year per person. You should consult with an attorney who specializes in estate planning to help you create a plan that will avoid the need to pay taxes on the gifts.

If your brother who is one of your father's executors moved into his property and now refuses to leave now that your father has died can he be forced to vacate?

A person who occupies land or property and not being the tenant or tenant holding over after the termination of a tenancy who has entered into or who remains in occupation of the property or land without a licence or the consent of the person entitled to occupation is a squatter in possession and has a good title against all but the true owner whose right may be barred by lapse of time and you will have to begin summary proceedings for claiming possession as against squatters

Who is your sisters next of kin if both parents are dead?

If both parents are dead, the next of kin for your sister would typically be determined by the laws of intestacy in your jurisdiction. This generally means that her next of kin would likely be her closest living blood relatives, such as siblings, grandparents, or aunts/uncles. If there are no living relatives, the next of kin may be determined by a legal guardian or appointed representative.

If a surviving spouse is not named the beneficiary of a retirement account can this be contested?

It depends on the specific circumstances and applicable laws. Generally, if a surviving spouse is not named as the beneficiary of a retirement account, they may be able to contest the decision if they can demonstrate that they were unjustly excluded or if there was a mistake or misconduct in the beneficiary designation process. However, the success of a contest would depend on various factors, including state laws, the terms of the retirement account, and any supporting evidence provided. It is advisable to consult with an attorney experienced in estate planning and probate to understand the specific options and requirements in your situation.

What powers does the Attorney General have?

The powers of the Attorney General vary depending on the country and jurisdiction. Generally, the Attorney General is the chief legal advisor to the government and head of the legal department. They oversee law enforcement agencies and can bring criminal prosecutions on behalf of the state. The Attorney General also typically has the authority to give legal opinions and represent the government in lawsuits.

How did Lee Krasner handle her husband's estate?

Lee Krasner was very upset by the time she got back to USAafter her Europe tour.

Not only was she feeling very furiously, about the whole matter with Ruth Kligman naturally, since Jackson Pollock had toured around with his mistress for some years, but the love she did feel or had been feeling at least when she met Jackson Pollock, brook her hard.

Her husband was dead in a fatal car accident and Ruth Kligman was the only survivor of 3 people in the car.

The anger she felt towards Rut Kligman lasted the rest of her life.

The belongings from her husband Jackson Pollock eventually got summoned up and the Krasner Pollock Foundation, by time became realty.

In this way she could control his stock of paintings, at least the known ones she was in possession of.

Jackson Pollock had all ready been quite known and famous as a painter, so thinking about both his reputation and the value from his paintings; what was left (not to mention those paintings either given away, traded or sold cheap in a week moment), became her source of income for her life.

All personal documents so as letters and photos etc. was put to a catalogue or store, for others to deal with together with Lee Krasner.

All of this is at hand and can be found on the Internet.

Of cores his family was sad and by time his nephews and theirs families were now Jackson Pollock representatives as far as his art to public was concerned. And the two women never spoke together ever after.

The final painting which he apparently did for Rut Kligman as a gift of love, never became accepted by Lee Krasner and even to day face big problems with Ruth Kligman estate.

Recently this particular painting was taken from auction a few days ago for "further investments" (they say).

Around museums and private owners mostly, Jackson Pollock paintings can be seen and are known, but some unknown paintings by Jackson Pollock are circulating in US and some places around the world to day.

It may not seem many but with his fame especially after his death, these paintings, not registered also represent Jackson Pollock and his estate.

In Ohio ex husband recently deceased and ex wife still listed as beneficiary on payable on death savings account so can she collect?

The ex-wife should consult with the attorney who represented her in the divorce proceeding. Generally, a divorce decree includes an agreement that all matters have been settled between the parties and neither party will make any future claims against the estate of the other. The ex-wife should determine if that would include the POD bank account. If not, then she should collect the savings account balance without delay.

How do i look up my deceased father's will online?

You may not be able to. Not many jurisdictions have made their records available online. Check the government website for the county the will was filed in to see if it is available electronically.

If a will has been filed can the husband change his will and cut his spouse out of the will?

Yes but you should make proper provision for your spouse and children including exnuptial children If you do not they could take proceedings under the Family Provision Act to obtain provision depending on their needs ==Additional Answer== Under the provisions of the probate codes in most jurisdictions in the United States a wife may waive the will and take an elective share of her husband's estate regardless of the provisions of his will. Although the amount may be limited it is nearly impossible to disinherit a wife, or a husband. Those who try must make complicated legal transfers and risk getting involved in fraudulent transfers of assets or subjecting the estate to a complicated process of trying to reclaim assets that were transferred. Many states have adopted the Uniform Probate Code. The UPC has influenced law reform in many other states where only portions of the code have been adopted, especially the provisions dealing with the "elective share" of a spouse. Elective‑share laws bring probate law into line with the contemporary view of marriage as an economic partnership. In the US you can disinherit your kids but not your wife. Most modern civilized countries do not as a rule allow a husband to disinherit his wife.

If you set up a trust fund to look after an aging parent what happens to the balance of the trust fund once the parent dies?

Once the parent dies, the balance of the trust fund depends on the terms and conditions outlined in the trust document. It can be distributed to the named beneficiaries, such as other family members or charitable organizations, or it may be specified to be used for specific purposes, such as covering funeral expenses or paying off outstanding debts. The distribution would be carried out according to the instructions provided in the trust.

Who is herrings kin?

Herrings are part of the Clupeidae family, which includes various species of fish such as sardines, anchovies, and shad. So, herrings are kin to other fish within this family.

Is it legal to take executor fees in Wisconsin?

Yes, it is generally legal for executors to take fees in Wisconsin. The law allows executors to be compensated for their time and services in administering an estate. However, the amount of fees must be reasonable and must be approved by the court if there is a dispute.

Latin for husband?

Answer: It mans the five alien or idol and whatever belief they followed. This was the

case recorded in the Bible of John chapter, where Jesus met the woman at Jacob's

well. This is why the Jews had no dealing with the Samaritans. In the Old Testament of the Northern Kingdom of Israel where God allowed the Assyrians to capture The Samaritan many of them intermarriage into that culture, and developed their Belief system.

Rev. Jimmy

Trending Questions
Do you need an executors deed in NJ when you have already probated the will and you are both the sole beneficiary and executor? How can you get a clear title when buying land from someone that has been paying taxes on a property for 28 years but does not have the title or deed for that land in the state of Texas? Should I inherit the property or let the estate sell it? What if an executor of a will misuses his power? If your husband dies does everything automatically become mine? What do you call a male that inherits something? Is the executor of a family member's will required to carry out all of the deceased wishes even if the executor disagrees with some of the deceased's requests? Can there be a trustee and beneficiary to an irrevocable trust? Is the Settler of a Revocable Living Trust the person whos name appears on the Trust? If you sell it to me then an i the grantee or grantor? Can you cash a check made out to the estate? Can I find out who the executor of my father in law's will is? What is New Yorks Greatest distance from the North to South and the east to West? Your step-father and mother owned a house your mother died with no will and your step-father got remarried When your step-father dies do you have a claim to any portion of the property? If your dad signed power of attorney to a woman whom he was not married do his children have rights to his property? How do you borrow money from your mothers revocable living trust? Is there any trust named by Marhaba trust in Pakistan? What is a precatory trust? 1 Which African colony had been the personal property of Leopold II from 1885 until 1908? If your landlord looses the lease is it null and voided?