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Recent Residuary Estate questions

If estate bank account is short of money who replenish the

If estate bank account is short of money who replenish the account? Brother and sister of deceased, nice and nephews then deceased live in male partner of 25 years who received 29 percent of estate?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,104 satisfied customers
My father acquired land a few days before passing. His will

My father acquired land a few days before passing. His will was written in Tennessee in the year 1998. My part was put into a trust per the 1998 will. My question is, since he acquired the land in year 2016, can I legally acquire it or does it have to go in my trust per his will written in 1998?

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P. Simmons

Attorney

Doctoral Degree

35,656 satisfied customers
My mother did her will two years ago. My mother lives in a

My mother did her will two years ago. My mother lives in a two family house in which both her and my sister are on the deed, but they refinanced and my mother is the only one on the loan. I was under the impression that upon my mother passing that the whole house will go automatically to my sister, which is fine as I live out of state. After looking over the copy of the will in which I have, it states the following: (This falls under DISPOSITION OF MY RESIDUARY ESTATE) I give my residuary estate (insert my name), outright, free of trust. If (insert my name) is deceased, I give my residuary estate to (grand daughter), outright free of trust. If (grand daughter) is deceased, I give my residuary estate as provided in Article Four entitled "Remote Contingent Distribution." Neither myself nor my daughter (grand daughter) want her part of the home. What can be done? Can the will be amended stating that my sister gets the whole house? What is my obligation if the will stay as it is?I live in Georgia. The home in question is in Massachusetts

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RayAnswers

Lawyer

Doctoral Degree

35,806 satisfied customers
I own 100% of a Colorado C-corp. that, though a buy sell

I own 100% of a Colorado C-corp. that, though a buy sell agreement, has a note payable to the estate of late partner for $350K. The estate is closing shortly and will not be attempting to collect as the company has no assets or value at this time. The estates attorney and one of its administrators tell me the note will be asigned to the 10 residuary beneficiaries (I am personally one of the residuary beneficiaries). The partner/estate had no cash basis or ongoing interest in the company, however the company has value to me personally as it owns me $400k I personally loaned it, so I do wish to keep it around in hopes I can recover some or all of this investment.Question, can the estate assign this note to one, a select few or all of the residuary beneficiaries? If this is legal, as one of the beneficiaries can I stop this?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,104 satisfied customers
My husband is deceased 9-18-2006. s brother was s executor.

My husband is deceased 9-18-2006. His brother was his executor. His brother bought a house from my huband's company in 2006 befor he passed away..I have a document stating that if this house is ever sold any amount above what my brother in law paid would be divided between my deceased husband and my brother in law(buyer) My deceased huband left everthing to me even though his brother is executor. What happens to my deceased husband's part of this transaction? The house is in the process of being sold.

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Loren

Juris Doctor

37,064 satisfied customers
In my dad's will, it states that my older sister will inherit

In my dad's will, it states that my older sister will inherit his residuary estate... Does this mean she gets everything he owns or only what has been bequeathed to her?

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RobertJDFL

Attorney

Juris Doctorate

12,370 satisfied customers
Trying to find info about who inherits in a will that I have. JA:

Trying to find info about who inherits in a will that I have.JA: OK. The Estate Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: yesJA: What advice did they give you?Customer: Confusing in another stateJA: Please give me a bit more information, so we can help you best.Customer: section 1 identifies the children (all grown) names them all three and then says that allreferences in the will tomy childred will not include my sonJA: Is there anything else important you think the Estate Lawyer should know?Customer: Since the son is deceased interested in weather his daughter has inheritance rightsJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Estate Lawyer about your situation and then connect you two.

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

15,038 satisfied customers
Time to settle an estate. JA: OK. The Estate Lawyer will

Time to settle an estate.JA: OK. The Estate Lawyer will need to help you with this. Please give me a bit more information, so we can help you best.Customer: I am an heir to an estate in PA. The estate is finalized, taxes paid, and the house has been sold--all by an attorney. Is there any deadline on submitting the final accounting and distributing the funds to the heirs?JA: Anything else I can tell the Estate Lawyer before I connect you two?Customer: No.JA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form, I'll tell the Estate Lawyer about your situation and connect you two.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,104 satisfied customers
I live in florida. I was divorice in 2000, but stayed good

I live in florida. I was divorice in 2000, but stayed good friends. We both agree to keep our life insurance beneficiary to each other. She died in 2012, the life insurance company said the policy is void due to florida law. How do I stay the beneiciary as a friend not an ex-husband?

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Loren

Juris Doctor

37,064 satisfied customers
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