Search results
Results from the WOW.Com Content Network
If you willed the home to an heir, the executor of your estate will continue to make mortgage payments until the deed is signed over to the person inheriting your property. A death also triggers ...
Here are a few steps you can take to avoid passing on personal or student loans to your family. Refinance your private student loans to a provider that offers discharge due to death if you live in ...
If you're thinking about your own loved ones while you're still alive, you're ahead of the game. Learn more about what you can do to prepare.
An executor is the legal personal representative of a deceased person's estate. The appointment of an executor only becomes effective after the death of the testator. After the testator dies, the person named in the will as executor can decline or renounce the position, and if so should quickly notify the probate court accordingly.
If the executor dies during the probate process, a successor executor can step in to finish the estate settlement. That assumes, however, that the testator was forward-thinking enough to name one ...
In common law, an estate is a living or deceased person's net worth.It is the sum of a person's assets – the legal rights, interests, and entitlements to property of any kind – less all liabilities at a given time.
Additionally, the executor must secure and manage all estate assets of the decedent during the period it takes to probate a will, which could be as little as a few months or as long as a year. 3 ...
For example, in California, the law states that an executor must sell a home for at least 90 percent of its appraised value. Does an inherited property have to go through probate? Not necessarily.