Estates

It depends on the policy wording but most do NOT form part of the estate. You will need to ask the insurance company.

There is no time scale but it should be as soon as possible. If Inheritance tax is due, in the UK, interest will start to accrue six months from the date of death

It depends on the laws of the specific jurisdiction, but in general, if the child's share in the house has been legally transferred to them, it could potentially be subject to collection by debt collectors. However, if the house is owned jointly with siblings or has restrictions preventing creditors from seizing the share, it may be protected. Consulting a legal professional for advice tailored to the specific situation is recommended.

You cannot disinherit your spouse in Tennessee. The surviving spouse has the legal right to claim a share of the estate. You should consult with an attorney who can review your situation and determine what your options are.

That is an inexcusable breach of confidentiality. The breach should be reported to the testator so she/he may have the option to amend the will and name a new executor. In fact, the testator should name a new executor since that one has proven by their actions they are not trustworthy.

The beneficiaries should know that a will can be changed by the testator at any time prior to their death and doesn't become effective until the testator has died and the will has been submitted for probate and allowed. If the will has not been changed at the time of death to name a new executor, objections should be made to the appointment of that executor and someone else should petition to be appointed. The evidence that the named executor breached the confidentiality of the testator by revealing the contents of the will should be brought forth at that time as evidence that they cannot be trusted.

Their estate is held by the court and people are invited to make their case for a part of that estate.

Yes. Testamentary trusts are often created by a testator and the provisions are set forth in the will. However, you should consult with an attorney who specializes in probate and estate planning to make certain the will is properly drafted to the advantage of the testator, the testamentary trustee and the beneficiaries.

The minimum age for a trustee in a living trust is typically 18 years old. However, it is advisable to choose a trustee who is mature, responsible, and capable of managing the trust assets effectively.

Technically yes they can but if both executors are named on the Grant of Probate then both signatures would be needed to cash in any assets.

Typically, a trustee does not have the authority to evict a living heir from an inherited property unless specifically granted that power within the trust. The rights and responsibilities of trustees are governed by the terms of the trust document and relevant state laws. It is important for trustees to act in the best interests of the beneficiaries, which may include providing a living heir with a place to live.

More than likely, their heirs listed in their last will and testament....unless otherwise spelled out in the settlement.

For anything you want to know about a specific trust you need to review the language in the trust document. Everything about a trust such as the time line for distribution, powers of the trustee, beneficiaries, etc., must be set forth in the document that creates it.

No. Generally, in the United States, a person's property passes under the laws of intestacy if they did not make a will. You can check the laws of your state at the related question link provided below.

There is no fixed rule. Every company is different, it could be of the gross estate, it could be of the net estate, it could be of the property value. It could be anything, consult the executors

Yes, provided that the father gives his consent in writing. He would have to sign the mortgage.

Generally, if she was married to the decedent at the time of death then she is entitled to a portion of the estate as the surviving spouse.

Yes, it is recommended for both the witness and the testator to sign on the same page of a will to ensure its validity and authenticity. This practice helps to demonstrate that both parties were present and acknowledged the contents of the will when it was signed.

sense, heaven.

Its easy- its a word puzzle- first edition, second hand, third degree, fourth estate, fifth gear............

You cannot have the same person as grantor, trustee and beneficiary in any trust. There is no trust created in such a set up. The grantor in an irrevocable trust cannot be the trustee. The property in an irrevocable trust must be permanently separated from the grantor's control.

That would be up to the new owner of the property. You need to agree on a time frame for removal of personal property from the premises.

Unless the "child" is an adult there generally is no estate. If they are an adult the relative nearest to them inherits For instance, my estate would go to my mother since she is my nearest living relative.

It depends on the state that you live in and your will.

No. The estate is responsible for the decedent's debts.

However, debts must be paid before any property can be distributed. If there isn't enough money in the estate the debts must be paid in the proper order which is set by law in each state. The court appointed executor IS responsible for following the law in the settling of an estate.

If there are debts and no estate the estate is declared to be insolvent and the creditors are out of luck.

None.