Estates

The insurance proceeds would be part of their estate and would pass according to their will or by intestacy to their next-of-kin.

Second to die insurance is a life insurance policy with a death benefit that is paid only when the second of two insureds dies.

No benefits are paid as long as both live, or if just one lives.

Under The Trust Agreement

1)His creditors will destroy his urn of ashes and make sure he does not rest in peace...(Not very sure... Don't blame me if it is wrong... I saw it from a show...)

2)His creditors will look for his family members and force them to pay up. They might even come after them the loan shark way(You know... splashing paint on your home door... Or maybe even hang a pig's head outside the family's door... Not very sure... Don't blame me of it is wrong... I saw it from a show...)

You need to consult with an attorney who can review your grandmother's will. There are different ways a testator can arrange to leave property. The possibility that a beneficiary may predecease the testator should be addressed in the will. If the gift is made per stirpes, the gift passes to the deceased beneficiary's children. If the gift is made per capita, it passes to the siblings of the deceased beneficiary. If the will is silent you need legal advice on how the situation will be addressed by the law in your state.

You have the ability to turn down an inheritance. It is usually done to avoid tax consequences. In this case, it can help avoid issues and let the estate resolve the imbalance.

No. Property that you receive by a will IS an inheritance. Property received from a relative under the laws of intestacy when there was no will is also an inheritance.

Let's say we split a dollar. I got .75 cents, and you got .25 cents. I would have the lions share as I have the greater amount or "share" of what was being split. Hope this helps!

Mesas are a feature of southwestern landscapes and other arid regions. We do not have true mesas in the Massachusetts landscape. You can read more about mesas at the link below.

You need to consult with an attorney who can review the terms of the trust. Your mother removed her real estate from her estate. Trust law is extremely complicated and there are many types of trusts. You need an expert to review the situation and take the matter to court if necessary.

Historically, under feudal law when a land tenant died without heirs the land would escheat back to the lord. Today when a person dies with no heirs their property escheats to the state. If a legitimate heir comes forward later with proof of their relationship they can claim the property. The state has no interest in taking property from rightful heirs.

All accounts of every nature should be addressed in the Separation Agreement and the Divorce Decree. The joint credit card accounts and any joint bank or investment accounts must be negotiated by the parties (through their attorneys) as to who pays what and who gets what. Property, debts and assets must all be addressed at the time of the divorce.

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You file a claim with the court (they should have a form you can use) along with proof that your father owed you the money. Once you file it the executor must pay the debt.

A trust set up for the Health,, Education, Maintenance, and Support, usually for a minor.

The original must be presented to the probate court to be examined and allowed along with a petition by the named executor to be appointed the executor. In order to commence the probate proceeding the original must be turned over to the executor. You should consult with an attorney who specializes in probate.

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If an heir of an estate dies who entitled to that portion of the money?

the estate-general was held to discuss the high taxes in France.

The estate is liable and has to pay off all the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

Any debts owed by the decedent must be paid by the estate.

Federal gift taxes are not paid by the recipient. However, in the rare case where the donor does not have the resources to pay gift taxes they may owe, the IRS might try to recover some or all of the gift from the recipient.

The donor may owe a gift tax depending on the size of the gift and depending on what other gifts the donor has given.

In your case, no, the proceeds will not be included in the estate of the decedent. Since you were the named beneficiary the proceeds pass directly to you. Of course, upon your death they will be included in your estate. Whether or not a judgment against your husband will allow the other party to go after your assets is obviously a more complicated question. But the life insurance is not part of his estate.

By their very nature an irrevocable trust is very difficult to "undo". You need to consult with an attorney who is an expert in trust law in your state and also an expert in federal tax laws. You can gain some background regarding the difficulty of disabling irrevocable trusts at the link below.