To best answer your question one would have to read your father's Will. For example, if your father's Will created a trust for your father's wife funded by all his assets with her getting the income for life and on her death, the assets pass to you and your siblings, then it is...Read more »
THE DEED IS IN BOTH MY MOMS AND DADS. THE KIDS ARE NOT ON THE DEED. HOW DO WE PROCEED WITH THE CHANGE OF DEED WITH THE CHILDREN NAME ON IT IN CASE OF MOTHER PASSES AWAY. HOW DO WE INSURED THAT THE PROPERTY IS RIGHTFULLY OURS
The answer depends on what your father's Will says on the subject. Without seeing the Will it is impossible to say. The Will might include language to deal with this type of situation, i.e. on of the named beneficiaries dying before the maker of the Will. Generally, a bequest in a Will does...Read more »
I discovered it when looking at property I purchased in the fall. It looked mostly like old flower pots, unused landscaping materials and an old tire on a rim. I told the selling agent who assured me it would be removed before the closing. It took me the rest of the fall and into winter to move and... Read more »
Unfortunately there is little you can do once you closed on the purchase. While the contract likely had a requirement for the seller to deliver possession of the property vacant and broom clean, that obligation typically ends at the closing. Your contract might allow for this requirement to survive...Read more »
In addition to the order in which your father and his wife died and the name on the deed of the house, whether either your father or his wife left Wills detailing who their respective executors were or if someone was appointed the administrator of the estate(s) by the court is also relevant,...Read more »
The person looking to buy is my uncle, he offered 90,000 between my two brothers and I. Would be pay taxes on the 30,000 each. The stocks still in the estate and the offer is to give money to the lawyer who would then write the checks to us and the stocks would never technically be ours. Is there... Read more »
Only the owner of the shares can sell them. If the shares are estate assets then the executor or administrator can sell them on behalf of the estate. Depending on the circumstances the estate might have a taxable gain, but if the cash after taxes is distributed to you and your brothers as heirs of...Read more »
It all depends on the legal name on the signature card of account. If the account is titled in your mother's name and your sister's name, with no other language, then there would be a presumption that half the account belongs to you sister's and half belongs to your mother's...Read more »
This estate would have to be administered by a court appointed administrator. People under the age of 18 will not qualify as an administrator. The statutes include who may apply in orders of priority. In this case the 23 year old daughter would be the one who has priority if she wishes to petition...Read more »
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