What happens to the house if a beneficiary dies?
In this scenario, there would be nothing left after the debts have been paid and the beneficiary receives nothing. Imagine instead the beneficiary has been left the family home worth $100,000 and all of the household goods, which is the extent of the estate.
Can a beneficiary live there with her family?
She is living there with her family (husband, & 3 kids 18,20,21). She has changed locks, refuses me entry, refuses to communicate or cooperate with everyone envolved including probate solicitor. Enough is enough and feel asking for rent is the only way forward at this stage.
What happens to your mother’s house after she dies?
If your mother created a living trust, this changes the rules. She likely transferred ownership of the house from herself to her trust during her lifetime. Trust assets do not go through a probate procedure, so they do not have to close after a relatively short period of time the way a probate estate does.
What happens to my mother’s house if I dont probate it?
If you don’t probate your mother’s will, her house will remain in her name even after her death. This doesn’t mean that you can’t live in it or otherwise make use of the property, but you won’t own it. If you don’t own it, you can’t sell it. You also can’t use it as collateral for a loan.
In this scenario, there would be nothing left after the debts have been paid and the beneficiary receives nothing. Imagine instead the beneficiary has been left the family home worth $100,000 and all of the household goods, which is the extent of the estate.
Who is entitled to inherit from my mother’s estate?
Distant relatives may inherit property, but only when close relatives don’t exist. If your mother was single, then you and your siblings as well as any surviving parents (if only one parent died), will receive your mother’s assets.
Who are the beneficiaries of an inherited house?
Unfortunately my dear Mum passed away in July 09 leaving her house, her wishes were that it be divided equally between my sister, brother and me. My sister, her husband and 3 children (17,20,21yrs) live in the house along with my brother (33yrs).
She is living there with her family (husband, & 3 kids 18,20,21). She has changed locks, refuses me entry, refuses to communicate or cooperate with everyone envolved including probate solicitor. Enough is enough and feel asking for rent is the only way forward at this stage.