0
I believe there is usually a trustee(s) that determine things like that. Otherwise, a mutual decision has to be made which can often times ruin families especially if the house has been in one family for many years and one person does not want it sold for sentimental reasons. When property is left to several heirs, they all become joint owners of that property. No one person has the right to decide on the disposition of the land simply because he may own a larger percentage of the property than some others. Nor does majority of owners rule. If some want to sell and some do not, usually the ones who do not want to sell just buy out the others interests on an agreed upon price. If they cant agree on a price, then any owner may file a lawsuit called an action in partition. Although it is called a partition action, the property is never physically divided unless the owners agree. Usually the court will order that the property be sold at public bidding. The owners that do not want to sell will have to beat whatever price the bidding goes to or the high bidder gets to buy the property and the owners get their percentages. (Minus all of their legal fees and court costs, of course.)
Add your answer:
Earn +20 pts
If a house is not paid off and is left to an heir what are their responsibilities?
The mortgage is a debt against the estate which must be satisfied before the heir receives anything. If there is enough cash in the estate, the mortgage can be paid off and the heir will get the house. If not, the house will need to be sold, and the proceeds used to pay off the mortgage. If there are not enough assets in the estate to pay off the mortgage, there won't be anything left for the heir. It is the responsibility of the executor of the estate to see to all these transactions and to deliver the proceeds--what's left after settling the debts--to the heir.
Can someone force the sale of a house left in a Will?
Yes, if one heir wants to sell and the other doesn't, the other must buy out the first heir or that heir can file a petition to sell the property in the probate court. See related question link.
Why did Rome have problems with how to peacefully transfer power when the Emperor died?
A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.A peaceful transition of power was often not possible because the former emperor had not left a designated heir or the heir he designated was considered unacceptable.
What side of your brain controls your arms?
The left hemisphere of the brain controls the right arm, and the right hemisphere controls the left arm.
What part of the body does the right side of the brain control?
The right side of the brain controls the left side of the body, including functions such as spatial awareness, creativity, and emotional processing.
What hemisphere controls the left side of the body?
The right hemisphere of the brain controls the left side of the body.
What did article II establish?
because king edward left no heir
What is unusual about which hemisphere of the brain controls the body?
the right side of the brain controls the left side of your body's actions and the left side controls the right side's actions
Does the right side of the cerebellum control the right side of the body.?
its opposite the right controls the left and left controls the right
Which hemisphere controls the right side of the body?
Neurons cross from the right side to the left, as do neurons cross from the left to the right, meaning your right side of your brain controls your left, and your left controls your right side.
If your husband abandoned you can he take the house from you if you get divorced?
That's up to the judge, whether he owned it previous, and if he left because of violence on your part.
Can the Heir to the estate touch esbestos money left to other members of family?
No, an heir only gets access to their share of the estate. They cannot steal money from the others.
