The life estate goes to the remainderman.
It passes to the deceased's estate upon proof of death.
If the heir died after the decedent, any property that was inherited by that heir would become part of that heir's estate. The heir's estate would also need to be probated.
The property will become part of the decedent's estate and pass to her heirs under her will or according to the state laws of intestacy if there is no will. You can check your state laws at the related question link provided below.
A life estate is a right in property. Rights in property don't go away. The name on the life estate is the person that retains the rights to the life estate.
If they sign away the rights, the remainderman gets the property free of the life estate. Walking away without signing it over, depending on the document that created the life estate, may be all it takes, but consult a property attorney in your area.
That may require a payment of taxes. The form of the life estate will also affect the tax situation.
A lien can be applied to his estate, and in some states, against the estates of the paternal grandparents to limit the distribution of the obligors share of the estate.
Your aunt's estate must be probated in order for title to the property to pass to her heirs under her will or according to the state laws of intestacy if she had no will. You can check the laws of your state at the related question link provided below.
The answer depends on the deed by which the two acquired their interest in the property. If the property was acquired as tenants by the entirety or as joint tenants with the right of survivorship, the survivor automatically owns the property. If the property was acquired as tenants in common, the interest of the decedent will pass to her heirs at law under the laws of intestacy and her estate must be probated providing she didn't name a beneficiary by will. If there was a will and a named beneficiary the estate must be probated for title to pass to the beneficiary.
If you are the executor and heir to an estate with no will, you can you take a loan against the said estate property, but not right away. Lenders typically will not give you a loan on a piece of property until it is in your name.
The purpose of the executor is to liquidate the estate of the deseased per that person's wishes according to state and federal laws. Part of that may include donating property from the estate, essentially giving it away.
First of all, there should be an estate opened with the probate court. Otherwise the debt is going to hang around. The estate is supposed to settle debts before property can be distributed. Consult a probate attorney in your state for the details.