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Estates
Estates are the assets and liabilities of a deceased person, including land, personal belongings and debts.
6,325 Questions
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.
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.
Where are the deceased members of the Duprees buried?
Joe Santollo and Joey Canzano are buried not to far from where they hailed from in Jersey City. They are buried in Holy Cross Cemetary in North Arlington, NJ. Mike Arnone was cremated. Tom Bialoglow, "Original" Duprees
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.
You should speak with another disinterested attorney before you pay over any money. The statute of limitations during which the solicitors can bill you may have passed.
Clearing an unreleased mortgage on property if mortgageholder is deceased?
That is one of the primary reasons to open an estate is to resolve such issues and to clear titles. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Another Perspective
In a title theory state if the mortgage isn't paid the lender can take possession of the property by foreclosure.
Do I pay taxes on a life insurance payout?
If the owner of the policy is not a business, you would not have to pay taxes on a life insurance benefit payout.
You should consult with a tax professional in your state for more details.
Who owns The Royal George Pub in skelton Cleveland?
It is owned by a company called Sundek Ltd, however for contact their agents are County Estate Management, based in Trowbridge, they do have a local agent who can be contacted on 07977 572 069
Is surviving spouse entitled to share life insurance payments?
Whether or not a surviving spouse is entitiled to any life insurance proceeds DEPENDS on the fact that most, if not all, policies must be paid to the named beneficiaries in the insurance policy records.
How do I change the name on inherited stocks into my name?
Changing the name on stock certificates is done through either an official transfer agent of the company or sometimes through the company itself. All stock shares list the transfer agent's name and address; however it is always possible that that transfer agent has changed and if so the company will notify you upon request of the new agent. In order to make the transfer several items are needed because it is a formal documentary procedure. The executor must provide a current certificate showing he/she is the executor, a death certificate of the decedent, a letter of instruction with the signature of the executor guaranteed by an officer in a commercial bank, from the executor to the agent or company directing the change of names and an affidavit of domicile showing that the decedent was a domiciliary of the state where the probate took place. You may also have to provide proof of both your and the executor's identity. For more information, just call the company itself and it will tell you everything it needs and may even provide some of the forms. Strictly speaking, the executor should do this for you, because the executor has a duty to make proper distribution and simply handing over stock in a decedent's name is not a full distribution.
Visit the website savingsbonds.gov to find the address and phone number for the Treasury Department to get the proper form to fill out or visit any local bank that sells savings bonds and they can get the information for you. tiekh@yahoo.com Probate Researcher
Person who holds assets in a trust for beneficiary?
That person is called the trustee. The trustee has the legal authority to handle the trust assets according to the provisions set forth in the trust.
How does the suriving spouse claim deceased assets since there is no will?
Open an estate through the probate court. They can be appointed the executor. Consulting a probate attorney for your location is a good idea.
If you are left a sum of money in a will but die before you cash it what happens next?
The inheritance would become part of your estate and would pass according to your will or according to the laws of intestacy in your state to your next of kin.
What is the difference between co signer and co borrower?
A co-borrower has an ownership interest in the property.
A co-signer guarantees the repayment of the loan although they do not own the property. If the primary borrower defaults, the lender can (and will) go after the co-signer for payment. The loan will usually not show up on his credit report, unless the borrower defaults.
In state of tn can executor sell real property without the consent of all beneficiaries?
The answer is a frustrating one...it depends. In Tennessee, real property transfers immediately at death to the heirs-at-law or beneficiaries as named in a valid unrevoked will. In most cases, it is necessary to obtain the consent/signatures of all heirs or beneficiaries to the real estate under the will before it can be sold. However, it is possible to petition the court to bring that real property into the estate and thus under the control of the executor. It would wise to consult with an attorney in your county that regularly practices in the area of estates and probate in order to assist you with this matter.
Your mother needs to do some estate planning now. If the house is in mother's name alone her estate would need to be probated for title to the real estate to pass to her heirs. She could transfer the property now to herself and her children as joint tenants and the property would automatically pass to the children upon her death with no need for probate. Since brother is helping her financially with the house she could transfer it to herself and brother as joint tenants then he would become thw sole owner upon her death. You should seek the advice of an attorney to discuss your options and the consequences of a transfer (including the mortgage). Brother should keep a good record of any sums of money he spends on mortgage payments and upkeep. The funds should be paid over to his mother by check or deposited in her account by check.
Possibly yes. That depends on whether a tenancy was also recited. Generally, if the three who were named as beneficiaries were to take as "joint tenants" then the share of any deceased beneficiary would pass to the other beneficiaries. If the document was silent as to a tenancy then generally, the share of a deceased beneficiary would pass to their own heirs.
The use of the funds doesn't change their taxability. And lord knows why you would think paying off a debt (mortgage) would get some advantage. But, I'm not at all certain the inheritance is taxable anyway.
What is a Life insurance average payout?
100% of the amount of the policy...each of which are purchased for a specific amount, or amount of payout.
What is dureness and undue influence?
Duress and undue influence are pressure put on someone to do what is being requested of them against their best wishes
