Estates

No. You should execute a Codicil to the will that clearly states the change you wish to make. A Codicil is drafted in the same form as a Will and attached to it. For example, your Codicil might declare that you are revoking Article Third of the Will where you appointed Judith as the executor and you are replacing it with the following Article Third. Then restate Article Third with the new appointment. You should then state that you are reaffirming all other provisions of the will.

The estate is responsible to pay outstanding debt before being distributed to the heirs.

Yes. In most states in the United States a spouse cannot be disinherited by a will. The spouse can file a claim under the doctrine of election. By filing such a claim, the surviving spouse is generally awarded an intestate share of the estate. You should consult with an attorney in your jurisdiction who can review your situation and explain your options.

This is a housing estate close to the borders of Lagos and Ogun states in Nigeria. It is pretty well laid out and some of the properties in the estate are pretty decent.

Strength cannot be inherited.

:)

Generally, as part of the probate process the heirs sign a document entitled, "Release of Demands and Assent to Account". Those documents protect the executor or administrator and stay in the probate file with the court.

Generally speaking, if your mother was the sole owner and user of the credit cards then you should notify the companies of her death. If she had no assets there is no estate and they are out of luck. However, her creditors may hire a local person to do an asset check. If they find any assets they will go after them.

A. marry demetrias

Generally yes, if your aunt died intestate with no living spouse, children or parents, you would be entitled to your deceased mother's intestate share of the estate. You should contact the attorney who is handling the estate.

Your question is not exactly clear. I will interprete it as how do you transfer property that is encumbered by a mortgage.

You should seek legal advice before transferring your interest in any property that is subject to a mortgage. Generally, the boilerplate language in any mortgage document states that the full balance will become due upon any transfer of the property. You would be responsible for payment and if the mortgage is not paid the bank will take possession of the property. Also, even if the bank didn't know of the transfer immediately, if the new owner failed to pay the mortgage the full consequences would fall on you.

The bank approved you for the loan and you don't have the power to assign your approval to someone else. You should speak with a bank representative to see if the mortgage can be assumed by a new owner. At one time lenders allowed a subsequent buyer to execute an assumption agreement.

US Dollars.

This is actually one of the biggest holes in the US tax law. The estate gets the stock at the value at the time of the transfer to the estate's name. The Capital gains are only on what occurred once it was transferred.

Well, you produce food, or rather you produce the raw materials that supermarket food is made from. You till the soil. You plant seeds. You set irrigation equipment. You fertilize. You control pests. You harvest. You milk cows. You feed and care for animals - horses, cattle, chickens, hogs, ducks, sheep, etc. You either slaughter the animals yourself or send them to a slaughter house. You come home long after it is dark and you get up before the sun is up and you do it at least 6 days a week all year long.

A tertiary beneficiary is the third in line to receive something when the primary and secondary beneficiaries have died.

You can inherit property by virtue of a will: testate.

You can inherit property under the laws of intestacy if there is no will: intestate.

Your parents' property will pass to their heirs at law according to the state laws of intestacy when their estates are properly probated. You can check the laws in your state at the related question link.

The mortgage must be paid or the lender will take possession of the property by foreclosure. If you want to keep the property then you must make arrangements to pay the mortgage. Some mortgage agreements allow assumption by a family member after the death of the original mortgagor.

In the case of real property the parent's estate must be probated in order for title to the property to pass to the heirs legally. You should consult with an attorney who specializes in probate law in your area.

This may or may not be relevant, Superior coach is a trade name for Hearses. They also make ambulance bodies and at one time buses on truck chassis.

Not you personally, the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.

You need to do your estate planning several years before needing to be cared for in a nursing home. The reason is that the state can go back several years and attach property when the owner received government paid medical benefits. You should seek the advice of an attorney to discuss your options and the consequences of transferring your property to your son.

If you simply want to transfer the property to your son then ask that the attorney explain only that issue to you and not an expensive estate planning scheme.

ABO are blood groups & the test is to identify what blood group does the individual has

As long as the policy was in force at the time of the insureds death you can place a claim. Simply contact the agent who will be happy to assist you or contact the claim department directly at the insurance company.

An estate is insolvent if it does not have enough money in it or available to it to pay all of its funeral expenses, administration costs and debts of the decedent. All states have statutes that dictate what happens in such estates, so the particular state's laws must be consulted. In general however, most state laws create categories of debts and assign them priorities in payment. Commonly the hierarchy of priority would be something like this: 1. Funeral expenses 2. Administration expenses 3. Taxes owed by decedent 4. Medical expenses of the last illness. 5. Judgment debts 6. All other debts The various debts that have to be paid are put into their proper category and, beginning with the highest priority, all debts of each category must be paid in full before any debt of the next lower category may be paid. When the estate reaches a category where there is not enough money to pay all the claims in that category , then the money that is left is paid to the creditors on a pro rata basis. If lower categories of debts still remain, they will go unpaid. It is important to check the specific laws of the state where the estate is governed to get the specifics.

There is no basic payout. The death benefit is whatever the insured chose to insure himself for.

The purpose of Key Man Life Insurance is to benefit the company and provide funds for them to recruit hire and train another key man should the insured die. It is the company that would suffer the loss and therefor is the beneficiary.

It's a slightly less common way of saying stillborn. The baby was born dead.

It means that the mother carried the child to term but it was not alive when she gave birth.