|
|
| *Home>>>Estates Law |
Recent death and car question---probate? |
Recent death, car is owned outright. We are the executors of the estate. All 3 siblings agree to giving their share to 1 sister due to prior caregiving. Will states everything to be equal. Will the car HAVE to go into probate like the house? What is the car worth? probably not much. In any case to play it safe and to determine the debts you may want to wait until the probate period is over to give it to the one sibling. Yes but Probate is usually only 30 days and Probate is to give the creditors time to make a claim against the Estate, but usually no one makes any claims while the Estate is in Probate, so after the Probate period then you can divide the assets and as long as you all agree on the car I don't see it being a problem. Check with the attorney. Could you "sell" the car to the other sibling for $1.00, so the rest of the estate could then be distributed equally? I'm no attorney, but thought this may work. If you all agree, I see no problem. The 3 of you are the executors. Check with the lawyer who drew up the will. yes |
| Tags |
| Insurance Law Immigration Law Health Care Law General Civil Litigation Family Law Estates Law Environmental Law Entertainment Law Employment Law Elder Law Education Law |
| Related information |
The estate agent is acting on behalf of the Lanlord and he will sign the contract. ...make the baby the issue and tell him you will buy him out and give him cash or he can buy you out of just move out and force a sale, it's not good to be in such an environment with a newborn. ... For Federal Estate tax purposes the estate can elect to have properties valued at the date of death or one year from the dtate of death. NY which has its own estate taxes may also follow that rule... Eventually the will has to be filed with the probate court, made a public record, and the distribution and final settlement recorded as well. If you really think you have money coming, hire a pr... Generally, the request for a waiver is granted or denied by the person being asked to sign the waiver. If you sign the waiver, you are right, they would not have to respond to you again. If you d... A Revocable Trust that has NOT been revoked should still stand. All his other assets should be covered by his latest will. At no point would he be considered intestate, even though he may have ... you need an attorney. Tell your brother that if he is going to charge the estate for maintenance, then the estate is going to charge him rent to live there. ...Tell the executor unless you get made happy soon, you'll be going back to the probate court to ask to be appointed substitute executor. ... |
AD Service--Categories--Copyright/IP Policy--Contact Webmaster |