What does notice of litigation threshold means?
Notice of litigation threshold means that someone has legal proceedings about to be brought upon them and that the notice is to make them aware of those proceedings beforehand.
What can be billed to a deceased's estate?
Expenses of administration. Attorney fees, storage costs, court costs, mileage, executor or administrator's fees, costs of sale of property, etc.
Your husband died why do i have to be bonded by an insurance company?
If you're serving as executrix of the estate, and the will doesn't specifically state that the decedent waives bonding of the executrix, you need to be bonded. Yes, I know you're the widow...the state cares not. Now check this out: if the heirs all gather together and state they trust the executrix, which would be you, the bond can generally be waived. You may still need a "nominal bond" to assure the state they'll receive the taxes and fees owed, but the nominal bond is not expensive.
Can debtors collect from a deceased's life insurance policy?
I think you mean "creditors," those who are owed money. Debtors are the ones who owe the money. In Texas, the proceeds from life insurance policies are exempt if a dependent is named as the beneficiary. Otherwise, the funds are not exempt. Of course, the creditor must know about the policy to collect from it.
Who can initiate bills for raising revenue?
Article 1, section 7 of US Constitution states that bill for raising revenue are initiated by the House of Representatives
Can you give me mis report for hr department with an example in excel with formulaes?
A MIS report is a management information system report and an Excel spreadsheet is a way of presenting such a report. But this question is unanswerable as written. Which company's HR department are they asking about?
Is the Executor of the Will responsible for paying the debts of the deceased?
Yes. That is one of the duties of the executor. The debts must be paid out of the assets of the estate before legacies are paid to the beneficiaries.
If the will provides that the estate shall be held in trust for a daughter that is called a testamentary trust. By law, the debts of the decedent will be paid first out of the assets of the estate. After the debts have been paid any remaining assets will then be transferred to the trust for the benefit of the daughter.
When a father dies no will has 3 adult children and a female companion who is next of kin?
The three adult children. In states that recognize common law marriage, the female companion may attempt to prove that a marriage existed, but there typically is a short statute of limitations on that.
A person with assets sometimes decides to set aside some of those assets in a trust that will pay over the profits, or assets for the use and benefit of another person. A trustee is appointed to act in regards to the trust property. Generally, the power to reinvest the trust property is included in the powers of the trustee. A beneficiary would not be required to sign away rights as a beneficiary so the trust funds could be reinvested.
The beneficiary is someone the donor cares about. The trust instrument, written by the donor, directs what the trustee may do with the trust property and how the payments must be made to the beneficiary. The trustee MUST follow the provisions of the trust unless the trust instrument allows her/him to use discretion.
To your question: It raises suspicion that the trustee has asked that you "sign away your rights in the trust".
You should seek the advice of an attorney who could review the trust and the actions of the trustee and advise you on how you should proceed in order to protect your interests as a beneficiary. Until then, sign nothing.
Yes, that would be legal. However, you would be giving up any rights you have to benefits under the trust. You are under no obligation to sign away your rights as a beneficiary under a trust.
If you know the attorney who drafted the trust you should discuss the situation with her/him. You should have access to a copy and the attorney's name should be on it. If that attorney is no longer available then consult with your own attorney. You should determine why your father wants you to waive your interest in the trust and perhaps review the trust assets.
The question is ambiguous, but generally, there is no particular advantage to capital gains for a trust v. an individual. It's still the same rate.
I can't think of any reason why you would. You can always just make the payments. If the payments are made, the mortgage company probably won't even blink.
How can you find what your deaceased husband left you?
If he left a Will, it would be there. If not, it would be whatever your state's intestacy laws provide for a surviving spouse. If he had retirement assets or life insurance, those are disposed of by beneficiary designation. Bank accounts might also pass outside of probate, if held in a joint tenancy with right of survivorship or payable on death account. Start with whatever records you have, and then start asking questions.
Do you have any equity interest as beneficiary of a will?
You have whatever interest is bequeathed you under the Will. If that's an "equity interest" (whatever that is), then, yes. You only acquire your interest upon the death of the testator. Until that happens you have no interest in any property devised to you in a will. Clarification: If you are asking whether you have an expectancy under the Will of a testator who is still alive, no. The Will can be revoked as long as the testator has capacity. An exception would be in a situation in which the testator has obligated himself by contract to make you his beneficiary.
In the event of accident if a person has two polices does he get the benefit from both policies?
You will not get paid twice if that's what you're asking. Generally, medical forms you will need to fill out always ask if you have other insurance. The two companies will make an arrangement to co-ordinate the payment of your bills relating to the accident.
I wouldn't. Just make sure the payments continue to be made.
Can FHA require repairs to a home being sold through an estate sale?
Yes, it can. The FHA does this to protect the people it services though its loan programs. It also protects the the entire FHA system including lender AND buyers in the event of a default of the buyer, and the property has to be resold. In that case, the FHA system, which "backs" the lender, will not have to spend the money to upgrade the property to meet codes. Since this protection is its aim, the FHA requires that houses bought with FHA money meet certain standards and this means that the house cannot be transferred in a poor condition. Some repairs will have to be made prior to FHA approval, but the cost of making them can be shifted to the buyer by increasing the sale price.
When drafting your will you have the opportunity to provide explicit instructions for the distribution of your property. If you have two children and you devise your property to them in equal shares you may direct that if one predeceases you then her share will go to her brother. If there are grandchildren you may direct that if your son predeceases you then his share shall pass to his children. If your son has no children but is married you may direct that his share shall pass to his wife. If you don't explain your wishes in your will then statutory provisions may decide who gets what if your beneficiaries predecease you. A probate attorney has the expertise to translate your desires into a properly drafted will. You should seek the advice of a probate attorney in your area.
Can an executor be legally charged for not following the wishes as laid down in the will?
If the executor is not performing his/her duty according to the will then you should immediately file a motion with the court to have him/her removed. State in your motion the damages that have occurred due to the misbehavior of the executor. You should contact the attorney who is representing the estate for assistance.
How do I gain power attorney for someone who is unable to sign?
If the person is competent but unable to write they can make a mark in front of witnesses who then sign the document. In some jurisdicions a statement must be made to explain why the mark is used instead of a signature. You should seek the advice of an attorney in your area who will be able to explain your options and draft a valid POA for you.
In terms of who is 'entitled', who ever paid for the cemetery plot.
In terms of who is responsible, it depends on..you guessed it, who paid for the plot, and whether maintenance was included.
In some cemetaries, you pay an annual maintenance fee for ol Granpa Harry's spot. Other times, when you buy a plot, the price includes lifetime (well, ..not really lifetime..ha ha) maintenance.
Are the contents of a house part of an estate when a person is deceased?
Generally yes. If the contents belonged to the decedent then they would be part of the estate. All the contents may not belong to the decedent if the property was rented to the decedent or rented by the decedent to someone else. If another person lived with the decedent some of the propery may belong to that companion.