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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 did a real trust do?

Real Trust is a Charitable Trust that advances education by identifying and sharing best practice, high quality training courses,collaborative learning groups, and curriculum development with various schools.

When was The Brand Trust Report created?

The Brand Trust Report was created on 2011-01-18.

When was Unable Heir created?

Unable Heir was created in 2007.

Your grandfather died in 2003 and the house and other property he owned is still in his name. Your cousin has done nothing to get this settled. Is there a time frame in NY to settle an estate?

You haven't explained why you are waiting on your cousin.It is against the law to withhold a Will from being filed in probate. A probate should be filed as soon after the death as possible. If you are an heir at law then you should visit the court and see about filing yourself. The title to the real property cannot pass to the heirs until the estate is probated and you should be concerned that the property is not insured against loss and that the taxes are not being paid. Take that initiative yourself. The property should be sold and the proceeds distributed according to the Will or the laws of intestacy if there is no Will.

When was Peabody Trust created?

Peabody Trust was created in 1862.

What if the surviving spouse signed the grant deed to the defunct spouse for the purpose of refinancing while he was alive now that he died can she claim the equity through a living trust?

If she was on the family Trust but the property was not recorded with the county of records, and title is only on his name when he died then she may have to go to probate court.

When was Ramco-Gershenson Properties Trust created?

Ramco-Gershenson Properties Trust was created in 1950.

When was Iveagh Trust created?

The Iveagh Trust was created in 1890 by Edward Cecil Guinness, 1st Earl of Iveagh.

How long does it take to be appointed administrator after petition is filed?

The time it takes to appoint an administrator after a petition is filed can vary widely depending on the jurisdiction and the complexity of the case. Typically, the appointment can occur within a few weeks to a couple of months after the petition is submitted. Factors that may influence this timeline include court schedules, the need for hearings, and any objections from interested parties. It's advisable to consult with a local probate attorney for more specific information related to a particular case.

Are you a bigamist if one wife dies?

If your wife dies and then you remarry, that does not make you a bigamist.

If you are married to two women at the same time, you are a bigamist. If one of them dies, it doesn't somehow magically rewrite history to make you not a bigamist.

Is a public notice required after intestacy?

Yes, a public notice is typically required after intestacy. This notice serves to inform potential heirs and creditors of the deceased's estate, allowing them to come forward and claim their rights or debts. The specific requirements for public notice can vary by jurisdiction, so it's important to consult local laws or an attorney for guidance.

When a parent dies having no will and leaves a house who gets the house?

The parent is deemed intestate and their estate must be probated. Any estate that contains real property must be probated in order for title to pass to the heirs legally. The property will be distributed to all the legal heirs will inherit according to the laws of intestacy in your particular jurisdiction. Generally, if there is no surviving spouse the property goes the decedent's children and the children of any deceased child. See related question link.

Should the beneficiaries of an IRA be the trust or the heirs?

Should the beneficiary of an IRA be trust or the heirs

How long can an estate be open?

There is no upper limit. A complex estate can take decades to close out.

Can a trustee cash a check for an irrevocable trust?

Generally, yes. Cashing checks would be among the usual duties of the trustee. Remember that the trustee is the person appointed to act on behalf of a trust. A trust is a legal relationship created on paper and it needs a person to do the legwork. Trustees have all the powers set forth in the document that created the trust.

Are the decedents minor children and fiance considered to be the next of kin?

No. Although next of kin is an inexact term depending on the context, a fiance is not next of kin. An unmarried adult's (who has minor children) children and parents would be considered next of kin. See related question link.

A fiance would have no legal rights unless the decedent had executed a document granting legal authority.

Why does the estate attorney send letters to the deceased relatives?

Generally, every heir at law must be notified with or without a Will. If there is a Will they will have the opportunity to file an objection. If there is no Will the estate will be distributed to all the heirs at law according to the laws of intestacy.

Can an heir sale his inherited interest in an estate before successions?

He cannot "sell" what he doesn't yet own. He can enter into a contract for sale if he can find a willing buyer and the transfer of title can take place after he has taken title to the property.

How do you name a living trust?

You can name your trust any way you choose. Most people use their own name such as "The Jones Family Trust" or "The Harry Connick Revocable Trust". However, a trust can be titled any other way such as "The Magic Mountain Trust" or "Lincoln Lane Trust". If the trust is to hold title to real estate you should be conscious of how the documents that affect the property will be indexed in the land records, and, take care not to choose a name that is already used by another entity.