Can one executor do things behind the others backs?
No. An executor cannot do anything related to the estate "behind anyone's back". An executor is a court appointed fiduciary who is required by that office to act in good faith. He/she cannot take advantage of that position or cause anyone to unfairly profit from financial transactions from the estate. He/she must follow the will to the letter and make distribution accordingly. Any actions taken by the exeutor should be reflected in the estate file and should be reported in the inventory of the estate and subsequent final account. When co-executors are appointed both should join in every transaction unless otherwise specified in the appointment. If the executor violates the powers bestowed by the court you can petition to have them removed and charged for any damages to the estate caused by their misbehavior. Once the estate has been filed for probate the file becomes a public record that can be reviewed by you at any time. If you think the executor has been dishonest you should report your suspicions to the attorney who is handling the estate immediately. If your complaint is not handled promptly then complain to the court.
If a person dies without clear title can her heirs inherit her property?
The heirs can only inherit what the decedent owned. If she didn't have clear title then you won't inherit clear title. At some point the title will need to be cleared up. That will be whenever you wish to sell or mortgage the property.
That would vary from state to state. ===Texas=== Texas: dependent administration: an application is filed. When granted by the court, the duties terminate. Independent administration: duties terminate when an affidavit of completion is filed, or when all of the duties have been completed, whenever that might be. Most independent administrations are not closed in Texas, leaving open the possibility for additional relief from the court should it be needed, subject to a defense of lack of jurisdiction if all of the duties are complete. A good rule of thumb would be when the IRS grants the administrator a discharge of his/her duties, although most administrators do not request it. ===Massachusetts=== When there is proof filed that no state or federal estate taxes are due and the final account has been allowed.
Property that will become trust property must be transferred by the legal owner to the trust. Bank accounts can be reopened in the name of the trust and its trustee. Real property must be transferred by deed from the the record owner to the trustee of the trust. Since a trustee is the agent with the power to act for the trust, real property transfers should be made to the trustee. For example, a deed should recite the grantee in this form: Julia Roberts, as Trustee of the Pretty Woman Realty Trust dated 3/23/1990. Since the trustee will have full power to control the trust property it is essential to choose a trustee whom you have deemed to be completely "trustworthy".
Can a felon be administrator of an estate?
You would need to check your state laws for the requirements in your state. In Massachusetts a person under indictment for or who has committed a felony against the deceased cannot be appointed administrator or executor. MGL Chapter 192 section 4 MGL Chapter 193 section 1
You should seek the advice of the attorney who is handling the estate.
Who gets money left to a deceased person?
A person who gets money and property left by a deceased person is usually referred to as the heir. In most cases, people with a lot of wealth usually write a will of how they would wish their wealth to be distributed.
In Virginia is there a right of spousal election against the terms of a will?
Yes, there is a statutory right of election in every state except Georgia.
Can i find out who a dead person owes money to?
If they're dead they don't owe anything to anyone. If it was you, apparently you missed your opportunity to collect while they were still alive. Other than that, you need to keep in mind that impersonating someone to collect money not rightfully yours is theft and can be prosecuted in a court of law.
Though if someone was legally in debt to you, being related to the deceased, you could take them to court and their obligation would still stand.
If the estate has not been settled and the deceased owes you money you can file a claim with the estate. I am not a lawyer, but was an administrator for my mother's estate. Regardless of what the law might be, the right thing to do is to pay off all the debts before passing out money to the heirs.
How can I dispose of the clothing for an estate?
You would be better to leave all property disposal to the estate's administrator or executor.
What if individaul dies and has beneficiary on account?
If the decedent named a beneficiary on his bank account the beneficiary can obtain a certified copy of the death certificate and proper identification and visit the bank to close out the account and obtain the funds.
Parents estate is left to child does child pay parents debts?
The estate is responsible for paying off any debts. However, in most cases if the debts exceed the value of the estate, the child is not required to pay the difference.
This may not keep the collectors from trying.
Can special needs trusts be set up for individuals who are not disabled?
A "special needs trust" is established for a person under some handicap who is receiving assistance from some type of government program. The trust is set up so that they do not lose eligibility for that assistance by owning assets. Therefore, the answer to your question is no, you cannot set up a special needs trust for someone who does not meet that criteria. However, anyone can set up a trust that will meet their unique individual needs. You should seek the advice of a trust attorney who can help you to set up a trust that will meet your own needs.
Yes. If the judgment results in a monetary award the proceeds would be distributed according to the residuary clause in the will or as intestate property if there is no residuary clause or no will. You should make certain to keep the claim active until it is paid.
Who is responsible for debt of deceased 21 year old person?
The estate would be responsible for any individual debts. The co-signer would be responsible for any debts that were guaranteed by a co-signer.
How do you find out what your deceased brother had in the banks when he died In State of Florida?
If your brother's estate will be probated in Florida you may be notified as his next of kin or heirs under certain circumstances. If he died intestate, without a will, and has a spouse and no children or if he left no spouse and no children then you will be notified. If he died testate, leaving a will, and named you as an heir you will be notified. Once the estate has been filed you can contact the court and request copies of any documents filed in the case. At some point an inventory of his property should be filed. You can request a copy. If the estate will not be probated there is no way for you to access information about his bank accounts.
Yes, if it's too soon in the probate process to make distribution. An executor must collect and manage the assets of the estate during the probate process, which usually takes six months to a year. He/she must collect the assets and file an inventory with the court. During that process she/he must pay any debts or claims and file any state and federal estate tax returns if necessary. That must all be done BEFORE the executor can distribute any assets to the beneficiaries. The executor is in charge of the assets until they are free and clear of the probate process.
Let STC means let subject to contract. It means that someone has made a verbal property agreement but has not yet signed anything.
Who checks up on lawyers who stall paying inheritance to the beneficiaries?
The beneficiaries are those with standing to complain. You should start by contacting the lawyer to ask for the reason for the delay. There may be a legal factor that you are not aware of. The debts of the decedent must be paid. It takes some time to obtain final bills showing the amounts due for various expenses and costs. There is a statutory period that varies from state-to-state during which creditors may make a claim against the estate. The assets can't be distributed before that period has passed. You need to see if that statutory period has passed. The estate tax forms must be filed and taxes paid if necessary. You can request the file at court and review it to see if all the necessary filings have been made. If the time for all of the above has passed and the attorney isn't in the process of making the distribution then complain firmly to her/him. Be polite but assertive and business-like. Ask when you can expect a check. If you don't receive a prompt response, an apology for the delay and a date by which you will receive payment then make it known that you will complain to the court (a motion to compel the attorney to make distribution) and send a malpractice complaint to the state board of bar overseers if distribution is not made immediately.
Auto financing in case of death?
I hope I am interepreting your questions correctly. If you have a deceased individual with an auto loan then contact that lender and explain the situation. Usually this loan will no longer exist, and the vehicle will be picked up. If there is a co-signer on that loan, then that person will be responsible for that debt, and should take full ownership of that vehicle.
If you sign off on items left to you in a will can you contest the will?
The first step in the probate process is to present the will to the court for allowance and ask the court to appoint the executor. At that point you have a statutory period (that varies from state to state) during which to contest a will for any technical defects you think may exist in the will. If you think the will should be contested then you are questioning the validity of the will on the grounds that there are technical defects that make it invalid under the provisions of state laws that govern the making of wills. If the will is declared to be invalid and there is no other will the property of the decedent will pass as intestate property If the will contest is not successful then the will will be allowed. You cannot disclaim your inheritance until the will has been allowed by the court. Once a will has been allowed a disclaimer can be filed in writing. Your question is difficult to answer because your chronology is off kilter.
Letter of direction for estate?
The Letter of Direction is often required when a person has passed away and the Power of Attorney must make certain decisions on behalf of the deceased.
The Letter of Direction can take various forms, and generally the estate lawyer can help you with the wording required.
The Power of Attorney (POA) becomes the Administrator when someone dies and the finances of the deceased are generaly frozen in an estate account held by the lawyer untl the Letters Probate are released by the court. If the account requires a Letter of Probate (because it is a large amount of investment and property) (most of the time these are needed), then the Administrator will have to wait till this clears the legal system and the lawyer notifies you that the Letter Probate is available. Let
Often the Lawyer will make themselves available to handle most of the affairs, but a good Administrator who is careful and responsible can do much of the necessary paperwork, with suggestions from their lawyer (and save a few dollars for the estate in the process).
In order to settle an estate account, the administrator should send in:
1) Notarized copy of the Letters Probate (contact the lawyer who did this for the estate) along with
2) Write a Letter of Direction signed by the Administrator(s) with signature(s) guaranteed.
- this will simply be titled Letter of Direction for the Estate of Joe Blow
- the address to whom the letter is directed
- include investment numbers, account numbers, the dollar amount
- who the cheque(s) should be payable to (i.e. cheque should be payable to the Estate of Joe Blow
- Address of where the cheque should be sent (usually the administrator's address would where the cheque can be sent) (if the lawyer handles it, and has the appropriate authorization, the lawyer can send the Notarized copy of the Letters Probate, and then the trust company will/can contact the Administrator (former Power of Attorney).
- Make a line for the Administrator to sign _______________
- Make a line for the guaranteed signature (bank
- Sign in the presence of guarantor (bank, financial organization, or lawyer)
3) Write up a Cover letter with the contact name and phone number and address of the estate's Executor/Administrator, and what you are attaching (Notarized Letters Probate and Letter of Direction, and any other attachments that may be needed)
4) It is also helpful to send a copy to the lawyer for the estate record.
There are various ways of writing Letters of Direction, but the most important thing is that the person who is the Executor should write up the document, and sign it in the presence of a qualified guarantor (bank, notary, etc.) as they are the official legal contact of the estate.
An Executor must be trustworthy and able to handle the affairs in a prompt and careful manner.
I want to change my executors in my will what can I do to make changes to the will?
If you wish to make a minor change to your will but leave the rest intact you can execute a codicil. A codicil is drafted in the same form as a will. You would state clearly the section you want to revoke and then state clearly its replacement.