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Estates

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

6,325 Questions

Can an executor hide money from her mother's will that is supposed to be divided three ways?

Once a probate is filed it becomes a public record allowing you to monitor every action taken by the executor. She is obligated to file an inventory with the court. You can review the inventory she filed and see if you think it's complete. If she hasn't filed one then complain to the court or to the attorney who is handling the estate. Once the probate process has been completed the executor is required to file an account with the court that shows the disposition of all the property that was listed in the inventory. AT that time the heirs will be required to sign a release and assent to the account. Stealing from an estate is a very serious violation of the law and will generally show up at some time during the probate process.

Do you keep a deceased tax return?

You know...why not? Can't do any harm...especially for say 7 years.

Can anyone freeze a joint banking account?

No. A creditor that wants to freeze the assets in a bank account must seek and be granted a court order. The order must then be served on the bank.

Is a life insurance lump sum payout taxable?

No but if it has earned any interest between the time of death and the payout date, that is taxable. Best to consult a tax attorney.

Could gift before death be part of the estate?

Yes, gifts that were given within two years of the death can be pulled back into the estate by the executor.

A sibling dies who pays the medical bills?

Her estate is responsible for her debts. That means any property she owned at the time of her death should be paid over to her creditors. If there is no estate then the creditors are out of luck.

What is an item left in a will called?

A gift in a will can also be called a devise, bequest, inheritance or a legacy.

Can the lady friend of your just deceased uncle freeze his bank account?

If she is a joint account holder the account would now belong to her. If there is no joint account holder then the account would be legally frozen until an Administrator is appointed for your uncle's estate. Until then no one has any authority to access his bank account. You should make certain the bank has been notified of his death.

Why would you leave 1.00 dollar to each child?

The main reason people do this is each child is mentioned in the will and given something. By doing so, they were not "not mentioned" in the will and cannot contest the will later. Some people contest a will by giving the excuse that just because one or more children were not mentioned in the will, the person who wrote it was not in their sound mind when it was written.

Does the executor of will have the right to give out life ins payout?

Possibly. First, if the policy states that the proceeds go to a specific named beneficiary, then the executor has no authority at all over it. In fact the executor has no right to even collect it for that beneficiary. Second, if the policy is payable to the estate, then the proceeds are to be distributed according to the terms of the will, not his own choices. Sometimes insurance is payable to an estate if the decedent names his estate as the beneficiary (highly unlikely) or if the named beneficiaries hav predeceased and there is no one left to receive the proceeds (it does happen but rarely).

When you die is your husband entitled to live in the house until he passes away or do your 2 children inherit the house?

I assume that you are the sole owner of the house. You would need to check your state laws of intestacy to determine what your husband's rights would be if you died intestate, or, without a will. On the other hand, you could provide your husband with a life estate in your will.

Where is the Shameless soap housing estate?

it is in West Gorton, Manchester...

The Address is

20 Clowes Street

West Gorton

Manchester

Search it in google maps and you will see it in street view

Can a beneficiary force the sale of a property when executor years ends if the other beneficiaries disagree?

Type your answer here... Can a beneficiary force executors to wind up an estate, or ask them to buy him out in respect of a property being involved

Can a person bury a deceased family member on their own property?

The laws vary from place to place. Burial is usually restricted by various health regulations. Zoning is also a factor in some areas. You will have to check with your local government entity to find out what applies.

What happens when a person dies while selling their house?

If the decedent has signed a binding contract to sell the house, then his or her estate must abide by it and sell the house according to the terms of the contract. The executor has no power to simply cancel the contract nor is the contract automatically cancelled by the death of the seller.

When do you use grantee instead of beneficiary?

A grantee is one to whom property is conveyed. A beneficiary is one who is designated to receive something as the result of a legal arrangement or instrument (benefit from) such as a trust, insurance policy or will.

Are children in North Carolina required to pay deceased parents bills?

There are a number of factors involved. Typically the estate is responsible for paying the debts, including funeral costs. If a child or relative has co-signed any paperwork regarding the funeral, they may be held liable.

Can brother executor prevent sibling from entering father's home?

Yes, until the estate is settled and the distribution has been made according to the terms of the will the executor is responsible for collecting and protecting the assets of the deceased. They may feel the need to keep others from removing property prior to distribution.

If a neighbor has died what is appropriate to do for the spouse?

Just be around to offer comfort, and to do any practical tasks that might be needed.

Are annuities part of an estate?

With a properly named beneficiary, the death proceeds of an annuity are outside of the estate and transfer directly to the heirs avoiding probate.

What happens when a unmarried man's partner dies she has her own 2 children and no will?

You can check the laws of intestacy in your state at the related question link below.

Can you have a secondary beneficiary on your life insurance?

Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.

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