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The legal definition of an "estate" is , "The degree, quality and extent of a person's ownership of real and/or personal property from absolute (confirmed) ownership to "naked" (unconfirmed ownership). That includes, land and anything attached to it (houses, businesses, other structures), vehicles, farm equipment, machinery, tools of the trade, stocks, bonds, bank accounts, and so on and so forth. The probate laws of the state where the person was a resident at time of death determines what property is subject to probate procedure and the extent to which creditors can place a claim for repayment of debt on any non exempt property.
What else can I help you with?
Is the daughter of deceased father liable for his debt in Texas?
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
Is the family responible for repaying an overpayment of an annuity to a deceased parent in Texas?
No, but the decedent's estate may be.
How do you transfer the deed of a deceased parents in Texas to the executor of the estate?
The executor now controlling the estate has to do the transfer but if they had an executor, there is probably also a will, attorney, and a beneficiary (ies)
this is in Texas, estate includes a house, is the rent concidered part of the estate?
The estate includes the house. The rental income is treated like dividends and interest - something the estate will have to file as income in the taxes, along with the deceased's last paychecks.
In Texas is the wife of a deceased husband responsible for the husbands debt?
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
Does a widow have to pay her spouse's debt in Texas?
In Texas the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.
How can I remove my deceased spouse from a deed in Texas?
To remove a deceased spouse from a deed in Texas, you typically need to file an Affidavit of Heirship or a Transfer on Death Deed with the county clerk's office where the property is located. It is recommended to consult with a real estate attorney to ensure the proper legal steps are taken.
In Texas if there is no will the home of the deceased with no surviving relatives except two siblings One has passed away Does the sibling who has passed children now have a right to claim?
The Texas intestacy law will be applied. In most cases the estate will be split.
Is a pension considered part of the deceased estate when money is owed to bank?
Only if the beneficiary to the plan is the estate. If the beneficiary is a person and not the estate, the asset passes to the person. It may still be subject to the decedent's debts, however, unless it is exempt such as in Texas. Of course, the bank would have to know about it to pursue collection.
What are the laws concerning common law marriage in the state of Texas If one person dies who's entitled to their assets Are the parents of the deceased entitled to the assets of the survivor?
In Texas, common law marriage is recognized if both parties agree to be married, live together in Texas as a married couple, and represent themselves as married. Upon the death of one partner, the surviving partner typically has rights to the deceased's assets, similar to those of a formally married spouse. The deceased's parents are not entitled to the assets of the surviving partner unless specified in a will or other legal documents. Texas law prioritizes the surviving partner's claims to the deceased's estate over claims by the deceased's parents.
Can I get a real estate license with a felony in texas?
It is difficult to get a real estate license with a felony in Texas.
Is there a time limit for a credit card company to file a claim against an estate in Texas once a public notice has been posted?
A public notice does not, under Texas statutes suffice as adequate notification to creditors. They are to be notified by the executor within four months of the probate filing they then have six months to file a claim against the deceased's estate.
