This is still a bit confusing. Consider this example: Sisters Beth and Sue inherit property. Sue later dies, having willed her share of the property to her own children. Is that property then considered to have been "willed directly to the estate" (of Sue)? The point of this question is to determine whether rents/taxes on that property are the estate's responsibility.
State/Country relating to question: North Carolina
Good afternoon. Sue would be considered to have inherited this property at the original decedent's death and then it would become part of her estate upon Sue's death. Sue is considered the beneficial owner of the property at the date of death of the original decedent whether or not the property actually got distributed to Sue prior to Sue's death.
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Thank you, XXXXX XXXXX answer is still not clear as to rents and property taxes.I'm looking at Estate Procedure document AOC-E-850 section 7A. Real Property - Rents, Expenses:"Unless real property is willeddirectly to the estate, title to the land vests in the heirs, and passesoutside the administered estate. Accordingly, rents from those proper-ties are not income to the estate, and estate funds may not be used topay real estate expenses, such as mortgages, taxes, insurance or utili-ties."Will property taxes be the estate's responsibility (handled by executor), with rents collected being deposited in the estate's accounts, or will that be outside the executor's duties, falling to Sue's children, with rents collected directly by Sue's children?
I'm going to opt out of this and let an expert in your state address this for you. Take care.
Relist: Incomplete answer.
Under the statute that you quoted, Sue's children would be responsible for paying the property taxes and collecting the rents.I hope this information is helpful.
Thank you for accepting my answer.
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