WebApr 11, 2024 · I am a heir on a piece of property that is going into foreclosure because the property - Answered by a verified Real Estate Lawyer ... No. The executor may sell the property and then the cash is held in the estate. ... My main residence is in NY and I have a condo in Florida. The Propert Management Association may pursue a lien foreclosure ... WebNov 2, 2024 · The residuary estate encompasses all of the overlooked or unclaimed assets that once belonged to the deceased — after beneficiaries receive the items named for them in a will, and all necessary expenses, including estate taxes, debts, and funeral costs, have been paid. With provision to your will, called a residuary clause, you can give, or ...
In NY, can a sole heir at law who is also Estate Administrator sell …
WebOct 5, 2024 · When a homeowner or mortgage borrower dies, their Will normally dictates who will be in charge of their property, such as an heir, executor, or administrator. This person will then have to decide what they want to do with the property, such as selling it, continuing to pay the existing mortgage, or seeking a loan modification. Webthe deceased person used a living trust to leave the real estate to someone. the deceased person completed and filed a transfer-on-death deed that designates someone to receive … how many rides does california adventure have
Understanding the residuary estate and residuary clause
WebMar 5, 2024 · The principal is the person granting the power of attorney to someone else. The agent or attorney-in-fact is the person who receives the power of attorney to act on someone else’s behalf. The agent will have a fiduciary responsibility to always act in the best interest of the principal for as long as the power of attorney is valid. WebApr 30, 2007 · The heirs to the property can file an affidavit of heirship at the county recorder's office and get the property transferred in their names if your grandfather had no will. if there is a will, then that needs to be probated. Thanks. jameshogg. Posted on: 13th Apr, 2010 10:57 pm. WebMar 29, 2024 · In short, if the will does not disallow a sale, the executor can sell a property without the beneficiaries consenting. If the will is silent on the topic, or gives the executor absolute discretion to do as he or she … how many rides can you reserve with maxpass