Estates

The contents of a dwelling that were owned by the decedent are classified as personal property such as paintings, furniture, uninstalled carpets, dishes, free standing appliances, tools, lawnmower, clothing, etc. The real property is the land and the dwelling and anything permanently attached such as light fixtures, cabinets, built in appliances, heating and plumbing, installed carpet, etc.

Yes. However, you haven't provided much detail. If you are the beneficiary of a special needs trust you should consult with an attorney before you request any changes (perhaps the attorney who drafted the trust, if possible). Special needs trusts are set up for very important reasons. The following is general information.

People with special needs generally receive some type of government assistance. If the person has any assets the assets must be spent on the person's upkeep before the person can be eligible for that government assistance. If you request that the trust be terminated the funds may be paid over to you and you may lose any government assistance until the former trust funds have been depleted. Any assets given to or inherited by a person with special needs are placed in a special needs trust in order to protect those assets from the situation explained above.

Consult a professional who can review your situation, the trust and explain your options.

A surviving spouse is typically eligible for TRICARE benefits for up to three years following the service member's death. After this period, they may qualify for TRICARE for Life if they are age 65 or older and enrolled in Medicare. Additionally, the surviving spouse can retain certain benefits if they have dependent children. It's important for them to consider other potential eligibility options and consult with a TRICARE representative for personalized guidance.

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They still owe the money to the estate. The executor may offset their inheritance by that amount.

A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.

yes

Can a trustee disolvevthe charitable trust and keep any profits

The answer depends on the details. You should consult with an attorney who can review the details and explain your rights and options, if any.

Trust law is a complicated topic and the laws vary in different jurisdictions and for different types of trust arrangements. Generally, with the exception of charitable trusts all individual trusts must have a dated when the trust will terminate. Trusts should always be drafted by a professional who specializes in trust law in your jurisdiction.

law professors

If my father died without a will and he have lawful children. And iligimate children who get his estate

The surviving spouse becomes the sole owner.

Laws about inheritance vary depending on the country, so check the laws for your specific country. But in general, it should be possible to decline an inheritance - and sometimes it may be to your advantage to decline it, because receiving the inheritance may come along with certain obligations - such as taxes paid on the inheritance, or conditions imposed by the person who leaves you the inheritance.

My sister has been willed the home my mother lived in for many years. The home was paid for by cash when purchased. She has no liens, no outstanding bills or taxes. The transfer of the home has not been done, and my sister has been living in the house and is still living in the house. Is the residual of the will left to me and my sister to be divided equally, to be used for the upkeep of the house, like repairs, until it is transfered to my sister's name even though my sister is living in the house rent free. How about the utilities, lawn moving, etc? The residual is the money in my mother's checking and savings. the executor wil not respond to any of my questions.

Here in AZ. The first meeting we were given copy of trust and the deed to what was stated ours. No list of assets, only residual interest given to (sibling> Trustee & beneficiary Not any revelation as to money, gold, properties, insurance. Nothing, then "G. D." (Gold Digger) was gone. G. D. Has more than enough to pay. No debt.

All heirs have to be in agreement to sell, if their is not someone designated to the estate.

An executor must be appointed by a court. The executor can resign by filing a resignation with the court and the court will appoint a successor.

No. Not unless that power was granted in the Will. Otherwise, an executor is appointed in an estate in order to avoid such types of interference by the heirs. The court appointed executor has the legal authority to carry out the provisions in the Will and according to the probate laws for any property not mentioned in the Will. The heirs generally have no say in those matters.

Hell no

The Remnant Trust was created in 1997.

A Kin to Win ended in 1964-05.

As far as Federal income taxes are concerned, inheritance is not taxed on your 1040 return. The Estate itself may be required to file an Estate Tax Return and possibly pay Estate Taxes depending on the total value of the estate in total and the line of inheritance. As far as State taxes in Texas, I am not familiar with that but I doubt very seriously if any income tax is due on a State basis either.

As long as the estate is active and has not been probated, the beneficiaries have no interest in the home yet. Another issue here is that if no one is living in the home you cannot buy a homeowners policy on the home. Once the owner died the homeowners insurance is only good for 90 days after the home was no longer occupied, whether or not you are paying for the homeowners policy. The best you will get if it burns is a return of part of your premium. What you need to get is a Dwelling Fire policy and make sure it is listed as vacant. The answer to your question is whoever legally owns the home should sign the application. Once the estate is probated the home transfers ownership them the beneficiaries sign a new application for a homeowners application. To qualify for the homeowners policy the owner and occupant must be the same person or persons.