Yes.
A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?
The real estate agent is the person who collects a commission on the sale of the real estate not the estate representative (executor/administrator). Generally a person who fills both roles, attorney for the estate and executor, can charge for both services.
No. If the estate has been probated and the file is closed then the owners by inheritance can convey the property by a deed that cites the probate as their source of title. An attorney who specializes in conveyancing should draft the deed.
Yes. A secondary beneficiary only becomes beneficiary if the primary beneficiary dies before the insured. Say the insured and primary beneficiary are involved in a fatal auto accident but the insured dies an hour before the primary beneficiary. The insurance proceeds would not go to the secondary beneficiary but to the estate of the primary beneficiary. If the primary beneficiary dies an hour before the insured then the secondary beneficiary receives the proceeds. If an insured wants both to receive monies they can name more than one person as primary beneficiary and in what percentage for each person. They could also leave it to their estate and handle distribution by a will.
Grantors X, Y and Z hereby grant the described property to X, Y and Z as joint tenants with right of survivorship and not as tenants in common, subject to a life estate for their parents A and B, measured by the joint lifetimes of A and B... You can then go on about the obligations to pay taxes and other assessments, maintain the property against the elements and against trespass, and so forth, or just go with whatever default provisions your jurisdiction has come up with for the obligations of life tenants, if any.
Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.
There is a great deal of similarity. Both are responsible for following the law and taking care of the assets of the person or estate.
Generally an attorney-in-fact under a Power of Attorney cannot make changes in beneficiaries. However, you should review the original Power of Attorney document.
Yes as long as both owners executed the Enduring Power of Attorney.
You should contact that attorney again and ask his help in settling the estate. An attorney told us the sam thing. He filed a list of heirs and then he drew up a new deed for the real estate that my mother had owned. It was a lot cheaper than recording a will.
a real-estate attorney or an attorney who specializes in landlord-tenant laws
Each individual needs a will or standard procedures dispense the estate of the diseased.