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Estates

Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.

6,325 Questions

Your sister committed suicide and made you executor she has debts are you responsible?

No. You are not personally responsible for your sister's debts. The estate is responsible for the debts of the decedent.

What is Kba-spzoo rzeczyn 3 wolin?

KBA Sp. z o.o. (Sp. z o.o. stands for limited liability company - polish abbreviation) is a company, with address in Rzeczyn 3 (small village) with post office in Wolin (Poland, West Pomeranian Voivodship). This is a agricultural company, with supplies for farmers (fuel, oils, fertilizers, machines, tools, etc.) and gardeners (seeds, plants, etc.)

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What is the Virginia STATE inheritance tax rate?

Virginia does not have an inheritance tax.

But they do have an estate tax.

Does a parent have to acknowledge an adult child in a will?

If a parent desires to disinherit an adult child many states require that the child be specifically mentioned in the will. Otherwise the court will rule that the testator forgot to mention that child (which sometimes happens) and provide them with the share they would have received it there was no will.

This is one reason a will should always be drafted by an attorney who specializes in probate law in your jurisdiction. That way the will will meet the requirements for a valid will and will not be vulnerable to challenges.

How much is 5000 dinars worth in US dollars?

There are a number of countries that use Dinars as a unit of currency. That will create a variance as to the total value.

What is the abbreviation of executrix?

Definition - Abbreviation

executrix

Per on Merriam-Webster's Dictionary of Law ©2001.

Merriam-Webster, Incorporated

Published under license with Merriam-Webster, Incorporated.

http://www.m-w.com

What are the guidelines for receiving principle money from inherited trust fund?

You need to look at the trust document to see what it says about this.

Is a pre-inheritance received taxed as income?

By "pre-inheritance" do you a gift from a person who has not died yet?

If so, there is no tax to the recipient. The giver may or may not have to pay a gift tax, depending on the amount, the recipient, and how much the giver has previously given.

How do you get the money from a trust account that is left to you in a will?

Visit the probate court and request the file. You can read through the will and trust and obtain a copy. You can contact the attorney who handled the estate if you have any questions. If that's not possible then contact the person who was appointed the trustee. If they don't respond then file a complaint with the court.

What is trustee-to-trustee transfer?

==One Answer== A trustee to trustee transfer is the legal method used to transfer an IRA or SEP (retirement accounts) account to another entity. For example, if you have an IRA certificate of deposit mature at one bank and wish to transfer it to another bank with a higher interest rate you are not allowed to cash out the CD and transfer it yourself. You need to fill out forms at the new bank and a trustee to trustee transfer will be done between the two banks. Once you have deposited funds into a personal retirement account you cannot withdraw the money yourself without incurring penalties. The banks act as your trustees.

Can an executor sign over executor-ship over to someone else?

No. The executor would need to file a resignation with the court and the court will appoint a successor.

What is asset privatization trust?

abno ka segi basa nga mali mali man

Asset privatization trust is an office tasked by the government to sell the Non Performing assets and/or 'government-owned and controlled corporations' to the private sector.

What is a PokeRinger contest?

a pokeringer contest is a competition for pokemon that can fly.

you try to retrieve a ring (witch is hooked on to a hot air balloon)

once you have the ring, you take it down and put it on a hook on the ground and you win.

If mother is deceased and father is alive but property was in mother's name do adult children have a claim to it?

If the property was in your mother's name alone and she died intestate the property would pass according to the laws of intestacy in your state. The children may be entitled to a portion. You can check your state at the link below.

Inheritance tax in Illinois?

Illinois does not have an inheritance tax like some states (New Jersey, for example) do.

However, people often confuse the concept of an inheritance tax with the concept of an estate tax. Illinois does have an estate tax.

See:

http://www.finance.cch.com/pops/c50s15d170_IL.asp

If your deceased mother but owns a car but didn't have a will what do you do that is all said had the car is in her name is it paid for and that is the only thing she owned. do I need to go to court?

First you should contact the state Department of Motor Vehicles to see if there is a procedure to transfer the title. If not then contact the probate court. In most jurisdictions there is a minimal and inexpensive probate process available when the only asset is an automobile.

Does a wife have to pay her deceased husbands medical bills in the state of TN?

In Tennessee the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.

In New Jersey is the surviving spouse cars solely in the deceased names?

In New Jersey a car is the property of the person listed on the Certificate of Title. If the car is in the surviving spouse's name then it is not in the deceased spouse's estate. If the car was in the name of the deceased spouse, then it is in the decedent's estate, even if they both considered it to be the surviving spouse's car and was used solely by that spouse. The sole determining factor is whose name is on the Certificate of Title.

What is a co-borrower?

When two people sign a note as co-borrowers they are each responsible for payment of the outstanding debt. If one doesn't pay then the other will be responsible for the entire balance.

What is prudential financial demute kba?

Prudential Financial Demute KBA is reportedly unclaimed property from a deceased relative. However, there is no information from Prudential to substantiate this.

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