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Estates
Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.
6,325 Questions
Why would a person get a copy of a will if they are not a beneficiary?
Anyone can get a copy of a will once it has been dealt with by the Probate office. They may ask to see a copy of so and so's will to check whether they have been left anything, or simply to satisfy their curiosity as to how the dead person's estate was divided up.
Leaving a will, the money/property goes to the people you state. Without a will, the rules of intestacy kick in, where the money cascades from father down to son and so on. But if there are no children, it "fails" and the money goes back to make "the pot" bigger for everyone else who is a beneficiary. So it's different if there is a will, better, more controlled.
What happens to the equity when home owner dies and the home is sold?
It goes into the deceased's estate.
How much tax do you owe from being a beneficiary?
How much do i pay for the forms that i need to fill out of a relative who passed away in may, its my brother and i have three more brothers but they don't want anything to do with his belongings. So i am wanting to apply
Does a step son have a legal right if not adopted to arrange his step fathers funeral?
not really, other family members may want to do it first. It will also depend where the funds are coming from to pay for the funeral. If there is no estate and it is the step son who has the money to pay for the funeral more likely than not, no other person will object. The only person that can take presidence is an executor who may be instructed in a Will to carry out such arrangements.
AnswerNo. A step-son does not have a legal right to arrange a funeral unless that right was granted in a will or other legal document executed by the decedent.
The life insurance is part of the estate not separate from it. In the UK and most other countries, all debts starting with the funeral expenses must by law be paid first from a persons estate. Once all funeral costs, debts and expenses are paid from the estate, only then can any monies be paid out (if there are any left after payment of such bills and expenses).
United States
When the decedent named a beneficiary on a life insurance policy the payout goes directly to the beneficiary and is not considered part of the estate. Being a named as a life insurance beneficiary does not oblige the beneficiary to pay for the funeral. The next of kin, if any, must pay for the disposition of the body. If the beneficiary is also a next of kin you may be successful in suing them for their share of the expenses.
How can you find out if a house has been sold who brought it?
You should be able to get that information from your county assessor's office or a local title insurance business. In many cases the title company can simply email to you a copy of the most recent deed for the house.
Does executor of estate have right to live in house that is being sold in the estate?
They can live in the home if it is to the best interests of the estate. They need to pay the appropriate rent in the process.
When your dad dies who gets his house?
That depends on many things, the most important of which is called a Will. If your Dad made a Will, then all his property after any taxes or debts he owed that may have to be paid (his estate) is divided up as the Will specifies. His house in these circumstance will go to the person he has left it to.
If there is no Will, then the estate will be taken over by someone appointed by the state/country in which he lived and this person will divide up the estate as your countries laws require. As the person was your Dad you will have a claim on his estate and the house could go to you but if your Dad left a wife, she will have a pirority claim on it, even if she is not your mother.
Without a Will it is complicated - get legal advice.
They can collect before it is settled
That would depend on the will if there is one and the laws of the country in which you live.
A will is the most important thing in respect of distributing a deceased's estate.
No. A trustee has no such authority. That determination must be made by a court of law.
No. A trustee has no such authority. That determination must be made by a court of law.
No. A trustee has no such authority. That determination must be made by a court of law.
No. A trustee has no such authority. That determination must be made by a court of law.
What happens to trust property on death of the trustee?
The self appointed trustee purchased a property as investment for his young son as beneficiary with the intention to manage it as long as necessary or until his death be passed on to his son without further ado. Is this position legally practicable in law?
Should a life insurance company notify funeral home when a claim is filed?
In the UK there is no onus on a life insurance company to notify a funeral director of the existence of a life insurance policy, that is a matter for those handling the deceased's estate.
Who is considered next of kin if my brother died?
If your brother died and there are no parents or spouse, the next of kin typically includes his children, if he had any. If he did not have children, it would generally extend to siblings, which would include you. If there are no siblings, the next in line would be more distant relatives such as grandparents, aunts, uncles, or cousins, depending on the laws of the jurisdiction. It's advisable to consult local laws or an estate attorney for specific guidance.
Is a daughter in law next of kin?
A daughter-in-law is typically not considered next of kin in legal terms. Next of kin generally refers to a person's closest relatives, such as parents, siblings, or children. However, in some contexts, such as in family matters or certain legal situations, a daughter-in-law may be regarded as part of the family. It's important to consult specific laws or regulations for clarity in different jurisdictions.
Can I ask for a fee to be executor of my Father's estate?
Yes. A court appointed executor is entitled to be paid for their service and the rate is set by state law.
If there is a will, there may be a clause that restricts it for a family member serving as the executor. Depending on the jurisdiction, that may be valid.
You must review the document that created the trust. Every trust is managed under the provisions set forth in the trust document and that includes the powers of the trustee. You should ask for a copy of the trust and read the provisions.
You must review the document that created the trust. Every trust is managed under the provisions set forth in the trust document and that includes the powers of the trustee. You should ask for a copy of the trust and read the provisions.
You must review the document that created the trust. Every trust is managed under the provisions set forth in the trust document and that includes the powers of the trustee. You should ask for a copy of the trust and read the provisions.
You must review the document that created the trust. Every trust is managed under the provisions set forth in the trust document and that includes the powers of the trustee. You should ask for a copy of the trust and read the provisions.
Can you sell land out of a revocable trust?
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
What happens if a co-trustee dies?
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
What made all the heirs decide to coooperate with each other?
to find out who the murder was.
I hope this is riht and I helped u. I am 96 percent sure
How do you set up a trust for a minor?
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Can a trustee benefit from a will?
A trustee can benefit from a will if the will explicitly provides for such benefits, such as compensation for their services in managing the estate. However, the trustee must act in the best interests of the beneficiaries and adhere to their fiduciary duties, ensuring that any benefits do not conflict with their responsibilities. Generally, any compensation should be reasonable and disclosed to the beneficiaries to avoid potential conflicts of interest.
