How to Verify if the Decedent Had a Valid Will or Other Estate Planning Documents in Missouri
Detailed Answer Verifying whether a decedent left a valid will or estate planning documents under Missouri law involves several steps. First, understand the legal requirements for a valid will: it must be in writing, signed by the testator, and attested by at least two competent witnesses according to RSMo § 474.180 (RSMo § 474.180). Missouri […]
Read article →How can an interested party determine if surplus funds remain after a foreclosure sale in Missouri?
How to Determine If Surplus Funds Remain After a Missouri Foreclosure Sale Detailed Answer In Missouri, foreclosure sales can generate surplus funds when the sale price exceeds the outstanding debt and sale costs. If the property sells for more than the judgment balance plus fees, the Circuit Clerk holds the excess funds for the party […]
Read article →What rights does a life estate grant to a lifetime beneficiary and how is a remainder interest determined when a will designates a remainderman? – MO
Detailed Answer 1. Rights of a Life Estate Beneficiary in Missouri Under Missouri law, a life estate grants a person (the life tenant) the right to possess, use and enjoy real property for the duration of that person’s life. The life tenant may collect rents, receive income and occupy the property without interference from future […]
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