Who share the property of the deceased?
After someone dies, someone (called the deceased person’s ‘executor’ or ‘administrator’) must deal with their money and property (the deceased person’s ‘estate’). They need to pay the deceased person’s taxes and debts, and distribute his or her money and property to the people entitled to it.
What happens to my mother’s estate when she dies?
If your mother had a spouse at the time of her death, then the distribution of her estate depends upon the ownership and titling of her assets. Generally, the majority of her assets would pass to her surviving spouse. Children or grandchildren may inherit a smaller share.
Who is the sole heir to a son’s estate?
If the son left behind him his widow and one son. Then in such a case the son’s estate will be divided into three shares out of which one share will go to the mother, one to his widow and one to his son. In case the son was not married then the mother will be the sole heir of his and shall succeed to his properties all alone.
When did my mother leave the property to my brothers?
Q When my mother passed away in 2012, she left her property to me and my three brothers – the deeds have been changed accordingly. One of my brothers has lived in the property for around 25 years.
What happens to assets if an heir passes away?
If heirs pass away and it’s not a simultaneous event, the heirs cannot inherit any assets under the succession laws, unless that heir has children. In some instances, the children of a deceased heir can inherit the assets of the decedent.
If your mother had a spouse at the time of her death, then the distribution of her estate depends upon the ownership and titling of her assets. Generally, the majority of her assets would pass to her surviving spouse. Children or grandchildren may inherit a smaller share.
Q When my mother passed away in 2012, she left her property to me and my three brothers – the deeds have been changed accordingly. One of my brothers has lived in the property for around 25 years.
If heirs pass away and it’s not a simultaneous event, the heirs cannot inherit any assets under the succession laws, unless that heir has children. In some instances, the children of a deceased heir can inherit the assets of the decedent.
Can a sister hold up the distribution of an estate?
It is the law. She can drag her feet but you can force her to settle the estate. No one has the right to hold up the distribution of an estate. What she is trying to do is illegal. As for paying taxes on the inheritance, I don’t know all state laws but in the state I live in there is no tax on inheritance and no federal tax up to 5 million.