Your will: is a legally binding document; is created by you – the testator (or on your behalf); and. determines what is to happen to your property, assets and other possessions after your death.

The person named as the executor in the will is in charge of moving the will through the probate process and doing all the work of managing and distributing the assets.

When a person dies with a will, they typically name a person to serve as their executor. The executor is responsible for making sure that the deceased’s debts are paid and that any remaining money or property is distributed according to their wishes. It’s not uncommon for wills to be written years before a person dies.

If an executor/administrator is refusing to pay you your inheritance, you may have grounds to have them removed or replaced. If this is the case, any Court application to have them removed/replaced is very unlikely to succeed and you may then be ordered to pay all the legal costs.

Generally, three to nine months are given, depending on the state’s laws, for claims to be made. The estate is then given a chance to consider whether or not a claim should be paid. If a decision cannot be made, a court will intervene. If the courts intervene, additional inheritance delays will occur.

11. Can an executor refuse to pay a beneficiary? The executor is responsible for paying out to all beneficiaries and must follow the instructions in the will.

You don’t usually pay tax on anything you inherit at the time you inherit it. You may need to pay: Income Tax on profit you later earn from your inheritance, eg dividends from shares or rental income from a property. Capital Gains Tax if you later sell shares or a property you inherited.

Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. Any gains when you sell inherited investments or property are generally taxable, but you can usually also claim losses on these sales.

A Will can be challenged if it unfairly leaves someone out. There are 3 main types of claim that can be made when you are left out of a Will: You might be able to have the Will declared invalid on the basis it was made made under pressure and does not reflect the true wishes of the person who died.

Can a will be contested? Yes, although the person contesting the will must be a spouse, child, cohabitee or a person who is expressly mentioned in the will, or a previous will. The person must also ensure they have valid legal grounds to contest a last will and testament successfully.

Yes, the child can contest the will, arguing that the father left them out of the will by mistake. The other heirs will want to prove that he knew about the child and purposely left them out of the will.

A grandchild does not have any birth right in the self- acquired property of his grandfather if it has been allotted to his father in a family partition in his capacity as legal heir and not as a coparcener under theHindu Succession Act 1956. The grandfather can transfer the property to whoever he desires.

A grandson’s right on his grandfather’s ancestral property is by birth. It does not depend upon his father or grandfather’s death. A grandson owns a share of his grandfather’s property since birth. Distribution of property happens in such a way that each share gets further divided into successive generations.

it happens to be the self acquired property of the grandfather and as such as per the provisions of the Hindu Succession Act you do not have any share in the property. As per law all the legal heirs are entitled to get equal shares, Irrespective of sons and daughters.