When people die, you need to close their bank accounts. This is usually done by the executor of the will. If there is no will, it should be done by a court-appointed administrator who is usually a spouse, close
Documents required for probate vary according to the state and the estate. Besides the will and the certified death certificate, the executor must file the decedent's final income tax returns, as well as estate tax returns, paying any taxes due. He must apply to the Internal Revenue Service ...
as this person will ensure that your estate is distributed according to your wishes. If you appoint your spouse as an executor, pick a substitute should the two of you die in an accident.
Once all the decedent’s heirs-at-law and will beneficiaries are located and served with notice of the probate proceeding, and if there are no objections by the heirs-at-law, the will is admitted to probate and the executor named in the will is appointed as the estate’s legal representat...
The positive application of this is as follows: rather than have the board foreclose on the shares—and lose the collateral—a bank will generally pony up the price of the maintenance fees, to preserve its own self-interest, while at the same time instituting foreclosure procedures of its own...
Hong Kong court directly, and a new grant will need by applied for in Hong Kong. But the Hong Kong court will highly take regard to the grant issued by the court of the deceased’s domicile place when deciding whom a grant will be issued to administrate the deceased’ estate in Hong ...
of the property is), the court will issue a document called the “Letters of Administration” (aka –“Letters of Authority” in some states), stating that Person C is the Personal Representative (aka – Executor) and has the authority to sell this property on behalf of the estate. ...
In this time you can decide how you want to proceed. You can accept the changes which normally does not require any action on your part or you can reject the changes. In most cases, when you reject the changes, at the end of the 45 days you will no longer be able to use your ...
it’s a little more complicated. You can’t simply sign your name followed by either ‘Trustee’ or ‘TTEE’ when acting in the name of the trust without providing documents. You need to prove that your predecessor is unable to complete the tasks in the case of death, and also that you...
Mary, of course, was enraged. “This is the return for all my husband’s kindness to this miserable man!” she fumed. Robert was equally incensed, but also concerned. “Mr. Wm. H. Herndon is making an ass of himself,” he told David Davis, the executor of his father’s estate, ...