Is mortgage assumption an option?
Theoretically, a mortgage can be assumed. However, in practice it is rare. You have an obligation to all heir of the estate. Your brothers need...
Mount Laurel, NJ
Estate planning Lawyer at Mount Laurel, NJ
Practice Areas: Estate Planning, Probate ... +3 more
Theoretically, a mortgage can be assumed. However, in practice it is rare. You have an obligation to all heir of the estate. Your brothers need...
No. You cannot be a fiduciary for a fiduciary. If the son cannot serve, he must resign and a new one appointed. If he will not resign...
In New Jersey, the fee of the executor is set by statute. There is an commission of 6% on income generated on estate assets between date of death...
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As the personal representative, you have the legal authority to make the decisions. Your kindness allowing the input of the other heirs to have...
To clarify the previous answer, if she died as a New Jersey resident, in order for estate to be submitted to probate, the death certificate needs...
Yes. However, the costs must be considered "reasonable" if he ever needs to apply for medicaid in the future. A better option might be the...
To supplement the prior answer, the Executor should obtain refunding bonds and releases from the heirs before distibuting the proceeds. This...
In many states, the commission of an executor is set by statute and percentages are clearly defined. Not so in Pennsylvania. PEF 3537, Section...
The first clause means that if the beneficiary is not surviving, then the next of kin will take. The second clause encourages third parties to...
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The terms and conditions of the deed and the will prevail. If the deed is currently titled in the names of all three children or if it was left as...