insolvent estate
My Mom died a year ago. My brother, sister and I are
the beneficiaries of her estate. However, there is an
outstanding loan on a mobile home. She owns another mobile home out right and the executor has been trying to sell the mobile home to pay off the debt on the other one. However, it isn’t selling and the estate’s debts just keep multiplying since there are no other assets. Can the beneficiaries be liable for her debts? Another complication is that the mobile home that isn’t paid off is on my property. My Mom also stipulated in the will that I would inherit the trailer if I paid 2/3 of the loan. What might happen
and am I liable for her debt?
Signature authority My parents just traded a Mobile Home for a house! There…
Signature authority
My parents just traded a Mobile Home for a house! There will not be a mortgage and my parents want the deed to reflect my mother’s name and my name. I live in Wisconsin they live and the house is in Florida. What is necessary to give them signature authority for me so that the documents are legal?
Dear Sir/Madam,
This is pertaining to land in Worth County,…
Dear Sir/Madam,
This is pertaining to land in Worth County, Georgia:
A friend of mine (Lisa) and her husband have lived on an acre of land owned by Lisa’s father in law for their entire married life (30 years). They have taken care of her mother in law through sickness and death, then her father in law through sickness and death. They maintained the property grounds, etc., without help from the other siblings.
In 1984, the father in law had the acre of land surveyed for Lisa and her husband, but never followed through with putting the acre in their name. Lisa and her husband have lived there all these years in a singlewide mobile home, which they own.
Lisa’s father in law recently expired, and since there was no will, the siblings made one of the male children, the administrator of the estate. (I believe that there are 6 living children and 3 grandchildren of a deceased child).
Lisa and her husband received a notice yesterday 08/26/09, stating that they had 60 days to remove themselves from the property.
Lisa and her husband work lower level jobs and have never had alot of material things. Having to move their mobile home will be a great expense for them, one that without help, they cannot afford to do.
Would there be some kind of ‘right’ to stay on this property? Afterall, they have lived here in this same spot for 30 years.
The administrator of the estate has already disposed of numerous items without disclosing to whom or for what value (if any).
Lisa and her husband also are attempting to pay the remaining funeral expense themselves. (I have advised her to have the remaining bill sent to the administrator of the estate.)
Lisa and her husband had requested to be able to purchase the acre of land out of their share of the estate, but were told that they could not by the administrator.
Any advise that you could give me for my friend would be greatly appreciated.
Thank you,
Karen
My parents bought a mobile home for me and my son.
My parents bought a mobile home for me and my son. The title includes my name and my ex-fiance’s name. We had a verbal agreement with my parents to pay them back the $16,000 they used to buy the trailer. Now my ex refuses to leave the home and says he doesn’t have to pay my parents back any money and that he’s going to sell my home and take half of the money. My question is “Is a verbal agreement a legal binding contract?”
Squatter on Property for extended period of time There is a squatter on my…
Squatter on Property for extended period of time
There is a squatter on my property in the Fresno area. The squatter has been there for a couple years. He has a mobile home on his property. The squatter has been connected with some drug dealings and producing. How do I get him off of my property without putting myself in danger? Also because of his mobile home I have incurred some citations, am I required to pay them?