The state of where the person resides. The homestead exemption only applies to the person(s) primary residence. Therefore property held in another state would not be deemed as exempt from creditor attachment or forced sale for payment of debt(s).
No, Florida is not an escrow state. Florida along with New York are title states. Title states involve real estate attorneys handling the closing of a home purchase.
In the United States there probably would be no federal tax. The limit in the US is well above a million dollars. Most states do not tax anything under that amount either. Consult a tax attorney or probate attorney in your state.
I think same as other states you need to be at least 18 years of age to be eligible to apply for a real estate license. You can check out Texas Real Estate Commissions website for more details
The person has to face lots of problem for becoming broker. He can read up on the laws for selling real estate in that state, thing is they vary, and not all states require a license. Most of the laws for a given state are online as well.
Possibly. This is an issue where the consumer's state exemption laws apply. Some states protect all types of investments, some protect specific ones, and some states none at all. Sorry, but w/o knowing the state of residency it is not possible to give a more definitive answer.
Noah Webster defined independence as a state of exemption from the power or control of another, specifically in his pioneering dictionary "An American Dictionary of the English Language."
No. If the decedent owned property in another state the executor must request Letters Testamentary in that state.
First, the correct term is "Declaration of Homestead". That refers to the homestead exemption that protects your primary dwelling from forced sale for a debt in most states. In some states the homestead exemption is automatic under state law up to a particular monetary value. You don't need to take any further action once your deed has been recorded. In some states you must execute a written declaration and record it in the land records.
No, you cannot sell real estate in a state you are not licensed in. Each state has their own laws and guidelines for selling real estate.
The minimum age to be an executor of an estate in New York state is 18 years of age. This applies to all states in the United States.
If it has some equity but not more than the exemption, and if you are current on your mortgage payments. It may also depend on your state homestead laws. Bankruptcy is a Federal Court action and has nothing to do with State Homestead Laws! Equity is irrelevant to whether you can keep your house. It may affect whether you want to reaffirm the mortgages or not. Bankruptcy law specifically allows states to require their exemptions. Most states require you to use state exemption laws, including state homestead exemptions. A handful of states allow you to choose federal or state exemption laws.
The headquarters of Era Real Estate is located in the state of New Jersey. The company has offices in 46 states in the United States as well as in 36 countries throughout the world.
It's not a question of losing the land. It's a question of whether you are entitled to a homestead exemption. Most states do not recognize a camper as the basis for a homestead. Check your state law to see what it allows for homestead and for state exemption and if you have a choice of federal or state exemptions. Then the problemn is how much the land is worth vs. how much the exemption is.
Generally, your estate is probated in the state where you lived and owned property. You should consult with an attorney to discuss the matter in greater detail.
In most states tax abatements, deferments, and exemptions depend upon the qualifications of the owners of the property. When a property is sold the new owners must apply for any abatement, deferment, or exemption. The property is assessed and taxed as an other taxable property unless you apply for and get approval for homestead exemption status. The qualifying requirements vary from state to state, and some states (Virginia for example) have no homestead exemption at the present time.
Exactly 2 states do not touch another state; they are Hawaii and Alaska.
Yes. Generally, an estate that holds real estate must be probated in the state where the land is located. Generally, if the decedent's estate is probated in the state where they lived and there is land in another state an ancillary probate must be filed in the state where the land lies. In an intestate estate, land is distributed according to the laws of intestacy of the state where the land is located.