You have to look at the arrangements that were made when the life estate was created. Usually, the life estate reverts to the original owner, or to whomever the original owner named as heir. There is no fixed answer. But what should be clear is that the life estate, whatever it included, ends at the death of the person who holds it.
Hacienda (Spanish - Mexican word) - large estate or plantation A plantation is used to grow crops for selling
Crops that are sold for money on world markets are called cash crops.
Many people think an estate only has something to do with the death of a person. But your estate is the sum and total of everything you own at any given point in your life, from the clothes on your back, to the money in your pocket, to a car, a house, your investments, etc. During your lifetime, you can deal with any part of your estate yourself. But after the death of someone, that person's estate has to be dealt with according to the terms of the person's will or, if there is no will, by the law relating to the distribution of estates.
the members of the third estate had to pay money
Cash crops.
You can sell the surplus of crops for money.
The executor or administrator should contact the person to whom the money was paid in error and request they return the funds. This should be done through the lawyer who handled the estate and on that attorney's stationary. If the person having been so notified fails to return the money, the attorney who handled the estate should be able to address this situation and provide guidance in finding a resolution. Generally, estate fiduciaries who have been duly appointed by a court are required to be covered by a bond that guarantees the correct disposition of the estate.
$30,000
No, not unless they have signed a joint mortgage (you borrowed money jointly) with the deceased sibling.A dead person's debts are settled out of the person's estate. If the estate does not have enough money to settle the debts then they "die" with the person.
Not if the money was meant to be an inheritance or gift to that person. If the deceased promised the money in payment for a debt, and there is a valid contract, the creditor can get the debt from the estate.
It means that the money will be going to a trust or estate instead of an individual person. The estate can represent one or more individuals or just be an entity of itself.
The money would go into their estate and would pass according to their will. If there is no will the money would pass as intestate property according to the laws of intestacy where the estate is probated.
Money is considered personal property and personal property is part of a person's estate.
No, you have to follow the legal procedure before the estate can be settled. If a person uses the money form an estate without going through these procedures they are committing a crime and will be liable for the losses to creditors.
If you die without having any relatives, and have not left a will - your estate goes to the treasury.
estate tax
Yes, their 'estate' is still owed the money.