When a parent passes away who has an equity loan on their house does the executor have the right to get his 5% in New Jersey on

The answer is likely zero. If a house is sold as part of the residuary estate, the commission is based on the gross value and not the net. ...

Steve's answer is absolutely correct. However, if there is only one witness, you may be able to get to the will admitted by a court action. Since...

What is the most efficient way to pass the house to my granddaughter, my only living successor?

Both Steve and Martin provide excellent answers. However, I am concerned about you transferrring your property to your granddaughter at a young...

I received a Consent Judgement in a probate case appointing me Administrator & Guardian of minor children. Do I have to file

To supplement, you need to qualify before the Surrogate for both appointments. After you have executed the papers provided by the Surrogate, you...

Selected as the best answer

Does Right of Survivorship literally transfer at the time of death ?

I agree with Robert that the issue is complicated. However, I am not sure if D has an interest. Typically, if a property is held JTWROS, Party A...

When a person passes away who had an equity loan on the house can the executor take the value the bank put on the house or can

Per New Jersey statute, the Executor is entitled to 5% of the first $200,000, 3 1/2% of the next $800,000 and 2% of the balance. The gross value...

Can a person have POA (legal affairs) for 2 inmates that were in the same crime together

Jan is right. In short, acting as agent under the two powers of attorney is not a conflict. If you are asked by one to take an adverse action...

Can I deposit money from a CD that my father had as POD to me to the ESTATE account held by me & two brothers to share it?

You can actually distribute it all. In addition to the $13,000/year, $5,000,000 can be given away during lifetime. Frankly, though, if you want...

Selected as the best answer

I Have been on Medicaid since 2008. When my parents pass away, does my inheritance get taken from me& paid back the to PA?

Paula is correct. To add to her answer, the trust can be part of their wills or part of a separate document. I prefer the separate or stand alone...

The terms and conditions of the trust will give you your answer. Typically, such trusts are established to provided income and principal to ensure...