If he legally adopted you, perhaps you might be an heir if his estate is intestate. You should speak with an attorney in your jurisdiction who is familiar wth your state probate laws.
Can a family member get commission from sale it she is the executor of estate and is a broker?
Unless all the heirs agreed in writing to allow the executor to act as the broker, with the understanding she would receive a commission, she has a conflict of interest and an independent broker should handle the sale of the property. If the executor took it upon herself to act as broker and collect a fee from the estate she should be apprised of the impropriety of self-dealing by a fiduciary. You should consult with the attorney who is handlig the estate or ask the court to review the situation if that attorney allowed this situation to take place.
No. If you owned the property in a joint tenancy with the right of survivorship their interest in the property "disappeared" at death and the property belongs to you alone.
I would certainly expect so. It would be negligence, if not fraud to do so.
How much inheritance tax on 35000 dollars?
No federal tax. You need to consult a CPA or tax accountant to find out if any state inheritance tax applies or not. You did not mention what state this is for.
When real estate is in the name of the children of a deceased parent how can property be sold?
Only the guardian can sell, or the children when they are 18+.
Is the mother or the father a child's next of kin?
The mother AND the father are a child's next of kin. Next of kin is determined by legal adoption, marriage and blood. If a child's parents are deceased their next-of-kin would be their siblings by blood or by legal adoption.
How can you find out if an executor of a will didn't distribute money to beneficiaries on the will?
Check at the county courthouse probate court to look at the file to see how the estate was handled.
It is improper and maybe even illegal for her to do this. She needs to open up an estate account to put all monies in and then provide a meticulous accounting for any monies spent. If she doesn't do this correctly she could face legal penalties or charges.
Can life estate property be taken if there is bad credit card debt?
A life tenant does not own any fee interest in the land. They own the right to the use of the land. Therefore, it woudn't be worth anything to a creditor. In addition, there are obligations associated with a life estate that vary from state to state. If the creditor siezed the life estate it would also acquire those obligations. You should consult with an attorney in your jurisdiction if your question involves an actual situation. In that case you need to know how the situation would be handled under your state laws.
How can i open a trust account?
Simply go to your bank and tell them you want to open a Trust account. Anyone can do it at any bank. You will need to name a beneficiary, and make sure to tell your beneficiary that the trust exists and at what bank. You can also change your checking or savings account into a trust.
Does the executor work for the beneficiary?
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
What is ridgeview country estates like in pacific palisades?
I used to live there in the late 90's growing up. I loved it. All the homes there are very large. It's basically one road with a bunch of homes and a couple cul-de-sacs. The homes there vary in style. Mine was a mediterranean style. The community is very exclusive. Very pricey.
The next of kin cannot access any property that was solely owned by the decedent. That means such assets as bank accounts, investment accounts and real estate. Title to real estate can only pass to the next of kin through probate. If the next of kin were to execute a deed to sell the real estate the deed would be invalid.
Can an executor borrow money from the estate?
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
Can an executor who is also a benficiary buy real property from an estate?
As long as it is properly approved by the probate court. There will have to be documentation of legitimate valuation and payment.
Could you as the executor of your neighbors will also be the only person to benefit?
Yes. However, the will should be drafted by an attorney who specializes in probate to make certain the will isn't vulnerable to challenges. A testator has the right to choose their beneficiary. Generally, a will can only be challenged on technical grounds not because someone doesn't think it's "fair". The attorney may advise the testator to name a different person as the executor although it may not be necessary.