Alex What does it mean when a property is owned by an estate?
An estate only represents your relative’s interest in the property he or she owned at the time of death. For jointly owned property, the estate owns only the share or interest that your relative was entitled to receive for the property. The joint owners retain their interest in the property.
Can a father force his brothers to sell the House?
But unless you and your other brothers would be happy and able to buy him out, it’s unlikely he would find a willing buyer. He can’t force you all to sell the property, but he can ask a court to order a sale.
How is your father’s estate divided between his children?
Your father’s wishes were honored, I’m afraid to say. He wanted everything to go to his wife and, in the event that she predeceased him, wanted his estate divided between his four children. But she didn’t and she inherited the whole kit and caboodle.
When did my dad leave his estate to my Stepmother?
My dad passed away five years ago. He did leave a will on how he wanted his estate to be dispersed, but only if his current wife was also deceased. She was not, so she got everything. My question is: When she passes, is she required to honor our dad’s will?
How is property distributed when a parent dies?
When a parent dies, property is distributed according to the wishes of the deceased if she left a will, or based on the laws and practices that govern such transfers in that particular state.
But unless you and your other brothers would be happy and able to buy him out, it’s unlikely he would find a willing buyer. He can’t force you all to sell the property, but he can ask a court to order a sale.
Can a father leave property to a child?
For fathers who want to leave certain property or assets to a child, they can do this through a will so that they control what happens once deceased instead of allowing the state to make those decisions. This portion of the site is for informational purposes only.
What happens to a father’s estate if there is no will?
Most states give preference to surviving spouses and children when a father dies without a will. The children’s inheritance rights vary according to state law. Some states leave the entire estate to a surviving spouse while other states may leave one-half or one-third of the estate to the spouse and the rest to the children.
How is the estate divided when a father dies?
Some states leave the entire estate to a surviving spouse while other states may leave one-half or one-third of the estate to the spouse and the rest to the children. The children then divide the remaining portion of the estate equally.