Description : what happens when someone dies and his estate never goes through probate and then the executor of his estate dies ?
Last Answer : You should seek official legal advice, but the online consensus seems to be that the 2nd person in line to be executor becomes in charge of the estate.
Description : What are some intresting about facts Albuquerque New Mexico?
Last Answer : Whether you're a life-long resident or transplant to the Duke City, here are two fun facts you might not have known about Albuquerque!Albuquerque was founded in 1706 and is one of ... oldest inland communities.Albuquerque's elevation of 5312 feet makes it the highest metropolitan city in America.
Description : MY HUSBAND RECENTLY DIED. HIS WILL LEAVES HIS ENTIRE ESTATE TO ME. IS IT NECESSARY TO PROBATE HIS WILL?
Last Answer : Probate may be needed it would be best for you to consult a probate attorney.
Description : My father died 11 years ago and my step mother never put his estate into probate. what can I do now. ?
Last Answer : This is illegal. Contact an attorney. A will must go through probate or the estate itself must go through probate, but even if she legally inherited everything, there must be a probate process to hand over all legal title to her.
Description : My mother passed recently and had no living will.I am her only child. Do I have to go through probate to access funds in her bank account?
Last Answer : Yes, this must go through probate. The only exception is if you are already a joint account holder or if she had an "in the event of death" beneficiary on the account with your name on it.
Description : In california what is the tax amount on $30.000?
Last Answer : answer:First…congratulations! How cool is that? lol Whatever the amount, ( doubt it would exceed a 10–15% tops, but don’t know for sure ) A couple of grand for a 30k prize…..not a bad deal, if you can afford it.
Description : if a person passes and doesn't own any property, do you still have to go to probate court. also, if they owned property and signed it over to a relative, is there a time frame before you die this this should take place?
Last Answer : If there are any assets and debts, the estate will be probated. The assets do not have to include real property. If the individual deeded the property to another prior to his passing, the property belongs to the deed hold.
Description : How is a house valued in probate The apprasial amount or Market value Balance of mortgage is $127,000. Can the spouse buy out the adult children ?
Last Answer : The home should be valued at "fair market value", which is the value that a willing buyer and willing seller would set the house at, assuming they each knew all applicable facts. The spouse can buy out the adult children under some circumstances.
Description : Does every estate have the need for a probate lawyer?
Last Answer : No not every estate needs one. If the size of the estate is very modest and no one will contest it because it it straightforward then the matter can be handled in probate court where the judge ... challenged by someone then by all means get an attorney. He may save you years of legal nightmare.
Description : 3 men go into a motel. The man behind the desk said the room is $30, so each man paid $10 and went to the room. A while later the man behind thedesk realized the room wasonly $25, so he sent the ... whichis a total of $27, add the $2 that the bellboy kept = $29. where is the other dollar? -Riddles
Last Answer : The three men HAVE paid $27. But the bellboy's $2 are part of it. The hotel has $25 of the men's dollars. The bellboy has the other two. That's $27, and the three the men have make $30. The ... elsewhere on riddles.com, but the answer given was 'I don't know'! So I figured it out and posted it.
Description : I have a commercial property listing, should I advertise to all local real estate agents or just commercial real estate agents?
Last Answer : Lelani- I would suggest advertising to local real estate agents and commercial agents both. Local agents meet all kinds of people, and may run into someone looking to invest in a commercial property.
Description : There is a clothing store in Bartlesville. The owner has devised his own method of pricing items. A vest costs $20, socks cost $25, a tie costs $15 and a blouse costs $30. Using the method, how much would a pair of underwear cost? -Riddles
Last Answer : $45. The pricing method consists of charging $5 for each letter required to spell the item.
Description : Beggars making $30,000 to $100,000 a year in the U.S.,What do you think of this?
Last Answer : Then the government should consider taxing begging gains over a certain limit.
Description : What should I do with $30,000?
Last Answer : answer:Are you totally debt free? First pay off any credit card or high interest loans you might have. Start or contribute to an IRA or 529 college fund. Oops! I see that you might not have any credit ... products they enjoy. One son did very well. The other did OK. The money really came in handy.
Description : If I make over $30,000, can I still be considered for housing assistance based on my income?
Last Answer : Yes, you can still be considered for housing assistance based on your income. The only thing you have to prove is that you don't own any properties and you don't have much money in your bank accounts.
Description : In the Clark Company, sales were $480,000, sales returns and allowances were $30,000, and cost of goods sold was $288,000. The gross profit rate was a. 64%. b. 36%. c. 40%. d. 60%.
Last Answer : b. 36%.
Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.
Last Answer : b. $15,000.
Description : Baden Shoe Store has a beginning merchandise inventory of $30,000. During the period, purchases were $140,000; purchase returns, $4,000; and freight-in $10,000. A physical count of inventory at the end of the period revealed ... for sale was a. $164,000. b. $156,000. c. $176,000. d. $184,000.
Last Answer : c. Purchases Returns and Allo
Description : Sal’s operating income for the month of August, 2008 is a. $30,000. b. $19,500. c. $18,500. d. $16,000.
Last Answer : b. $19,500.
Description : Sal’s gross profit for August, 2008 is a. $30,000. b. $19,000. c. $18,000. d. $16,000.
Last Answer : d. $16,000.
Description : Salon’s net income is a. $60,000. b. $30,000. c. $18,000. d. $16,000.
Description : Salon’s income from operations is a. $60,000. b. $30,000. c. $18,000. d. $12,000.
Last Answer : c. $18,000.
Description : Salon’s gross profit is a. $60,000. b. $30,000. c. $18,000. d. $16,000.
Last Answer : b. $30,000.
Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities
Last Answer : Answer: Capital = Assets – Liabilities
Description : If the current ratio is 2, current assests are worth Rs. 1,600, if current ratio is not allowed to fall below 1•5, how much additional can be borrowed by the company on the short term basis ? (A) Rs. 400 (B) Rs. 600 (C) Rs. 2,733 (D) Rs. 800
Last Answer : Answer: Rs. 400
Description : does property need to be deeded into a family trust in order to avoid probate
Last Answer : Yes, I was told so. If you are concerned about the probate cost, that varies by state.
Description : a real estate broker sold your house for 189 000 -General Knowledge
Last Answer : You would get 180,495 for the house after commission is paid.
Description : Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is a) Capital & transferred to capital ... L a/c c) Capital & transferred to P & L a/c d) Revenue & transferred to general reserve
Last Answer : b) Revenue & transferred to P & L a/c
Description : A man sails off on a cruise between Mexico and the USA. He does not stop at any ports and does not even come out of the cabin, yet he makes $300,000 from his trip.How? -Riddles
Last Answer : He's a smuggler.
Description : How is investment property classified if it is not fixed real estate?
Last Answer : Can you give an example of what this income producing “object” might be? I’m not sure what you mean by “an object that is not fixed land deed real estate.” Are you thinking about buying a hot dog cart or something?
Description : If you sign off on an offer to buy some property, do you have to stick with that real estate agent?
Last Answer : You mean, you put down earnest money? Tell more.
Description : When is the optimal time to purchase investment real estate property?
Last Answer : The optimal time to purchase investment real estate property is when real estate prices are low - but before interest rates have fallen to zero. Real estate value is tied to two things - the ... , because it becomes more expensive for potential buyers to borrow money to buy the property from you.
Description : What tax implications will I face from purchasing a Real Estate Rental property?
Last Answer : Purchasing a rental property can be an excellent tax advantage, actually. YOu will be able to deduct most of your maintenance, repair, interest, taxes, and some travel expenses - similar to running a business, the costs of maintaing the home will be deducted from your actual rental income.
Description : Can I sell my property myself once a sign a real estate contract with a real estate agent?
Last Answer : You can but you may want to check with the real estate agent to make sure they are not going to charge you any fees. They certainly do not want to work for free by posting your house onto thier site and they will probably want money if you are able to sell it before they can.
Description : What Is Real Estate Property?
Last Answer : real estate property is a term that refers to a parcel of land along with the improvements that are made to the piece of raw land. The improvements here can be buildings, walls, Fencing and ... same by looking for real estate listings where you get information on the property you wish to purchase.
Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance
Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.
Description : My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?
Last Answer : It depends on a number of circumstances; often it isn't possible to discharge back taxes in bankruptcy, but it is in some cases if the back taxes are over 3 years old.
Last Answer : How did she rewrite it? A donation agreement? Even gifts for life are included in the inheritance, if she rewrites, your brother will have to pay you. Otherwise, I would behave the same as before, family is family. I believe in God's mills and my brother will not take those meadows to the grave.
Description : A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the ... the age of majority D. The creditor can recover his amount from the parent or guardian of the minor
Last Answer : A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio
Description : Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including ... . 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these
Last Answer : (a) Rs. 75,000/-
Description : What does Mr utter-son mean when he says i let my brother go to the devil in his own way?
Last Answer : Need answer
Description : May I wish all of those Fluther members who have passed away, or who have left this site, wherever they might be, a very Merry Christmas, and to say that I miss you all, and that I wish we could all be together again?
Last Answer : Hope to see those who left come back after seeing this.
Description : Once upon a time there was a happy family in a dome shaped house the family consisted of a mother, a farther, a chef, a maid, a brother, a sister, and a little kitty named bubbles. The ... the chef said he was sharpening the knife to cut the freshly baked apple pie. Who killed bubbles? -Riddles
Last Answer : The maid! There are no corners in a dome shaped house. Mew!
Description : In real estate, a person selling his or her home lists the price of the home. In return, the person who wants to buy the home provides the price he or she is willing to pay for the home. What is this an example of?
Last Answer : price bidding
Description : Where can I subscribe to T1 High Speed Internet in Albuquerque?
Last Answer : According to a Google search, I found that you can go with a couple different providers. They are Time Warner cable, and At&t.
Description : If ghosts aren't real, where does the energy go from someone who has passed away?
Last Answer : This is something I have always wondered myself. I’m going to hang around and see what other people have to say.
Description : my husband passed away on 6 11 08 and the AMO Union says I cannot get his pension for 20 years at the age he would of been 65 years old can you tell me why this is?
Last Answer : Your husband's pension is a benefit that was provided by the AMO Union. This benefit stipulated that his pension would be available to him at the age of retirement, which would in this case be 65 ... bearer of his estate you get all accumulation from that when it would normally be provided to him.
Description : Do you have to go through probate in Connecticut?
Last Answer : If the decedent was the sole owner any property such as realestate or bank accounts then the estate must be probated.