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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 is a kings heir?

An heir is the person entitled, by reason of relationship, to receive an intestate (without a Will) person's estate after their death.

It is also the term for a person who inherits under a Will (weather a relative or not).

What is a life estate transfer of real property?

Yes. The transaction should be handle by an attorney to make certain the deed is drafted appropriately for your jurisdiction.

Yes. The transaction should be handle by an attorney to make certain the deed is drafted appropriately for your jurisdiction.

Yes. The transaction should be handle by an attorney to make certain the deed is drafted appropriately for your jurisdiction.

Yes. The transaction should be handle by an attorney to make certain the deed is drafted appropriately for your jurisdiction.

How many places does national trust own?

The National Trust owns 612,000 acres of land in the countryside of England as well as 600 miles along the coast.

Can a life estate interest be sold?

A life estate is canceled by the death of the life estate holder or by a written instrument signed by the holder that surrenders their rights in the property. In Massachusetts the life estate holder signs a deed to release their rights. In cases where the original grant contained reversionary language and the conditions have been violated the life estate would be extinguished. In that case a written notice to that effect would need to be recorded to clear the title to the property. If a reversionary clause is used in the grant you should also set forth in the grant how the life estate will be terminated if the conditions are violated.

What form is needed to close estate accounts?

So I am assuming that you mean to ask "How do I close a probate estate with the court?" As Cat Kluss correctly commented, it depends on the rules of your Jurisdiction.

Here in California, the Administrator petitions the court to close the estate. The full title is Petition to Approve Accounting and Ordinary and Extraordinary Fee and for Distribution" although there are several variations.

The petition provides a full report of what happened during administration and a fiduciary accounting of the estate's funds. In California, there is no pre-printed form, but the representative (or rather their attorney) creates it from scratch.

I recommend that you contact an attorney to assist you, as the rules can get complex.

Is it possible to get a letter of administration of an estate on online?

is it possible to get an estate letter of administration on line

What is the job of an executor?

An executor is a person or institution appointed to manage and distribute a deceased person's estate according to their will. Their responsibilities include gathering the deceased's assets, paying debts and taxes, and ensuring that the remaining assets are distributed to the beneficiaries as specified in the will. Executors must also handle any necessary legal proceedings and maintain accurate records throughout the process. Ultimately, their role is to ensure the estate is settled efficiently and in accordance with the law.

Why have they not distributed trust money to Mary pearl felty children and grandchildren?

The distribution of trust money to Mary Pearl Felty's children and grandchildren may be delayed due to a variety of factors, such as ongoing legal proceedings, the need for proper documentation, or the specific terms outlined in the trust itself. Trust administrators might be ensuring that all beneficiaries meet certain criteria or that there are no disputes among heirs. Additionally, administrative complexities or the requirement for tax assessments could also contribute to the delay in distribution.

Is it the executors right to pick the auctioneer that sells an estate?

That is within the responsibilities of the executor. They are responsible for the sale of the estate. As such they can do it through auction or private sale, as long as it goes for at least market price.

Who would be your heir?

As an AI, I don't have personal possessions or a legacy in the traditional sense, so I don't have an heir. My purpose is to assist and provide information to users. However, the ongoing development and updates from my creators at OpenAI could be seen as a way my capabilities and knowledge are passed on or enhanced over time.

Is my sister entitled to part of my estate when I die if I am married with no children?

Make her your beneficiary and put her into your will to make sure she inherits what you want

Can IRA be put into a irrevocable trust?

No. A trust cannot have an Individual Retirement Account.

Who is the widowers next of kin would it be the widow?

Not necessarily. If the widower is unmarried, and has no children, but has parents or siblings that are still living - then they are the next of kin

How far can we trust a source?

The trustworthiness of a source depends on factors such as its credibility, expertise, objectivity, and the evidence it provides. Evaluating the author's qualifications, the publication's reputation, and the presence of citations or references can help gauge reliability. Additionally, cross-referencing information with other reputable sources can enhance confidence in the accuracy of the content. Ultimately, critical thinking and discernment are essential in assessing the reliability of any source.

What is better a revocable trust or will?

If you have a lot of assets a trust may be a better choice. Dividing the assets after death will probably be easier, and you may be able to legally avoid some taxes. Basically with a trust you avoid the involvement of probate court. Even with a will, probate court is involved.

What if beneficiaries refuse to submit personal info for inheritance?

It would depend on what personal information is in question. Tax information would be required by the government. Other than that, there probably isn't anything required.

What does inheritors mean?

To take (property) by law of descent from an intestate owner. b. To receive (property) by will

Should all heirs have a house key to property?

No only those that the current owner wishes to have a house key should have them. Any other heirs can get one after the will is settled.

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