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    LOST IN SPACE's Avatar
    LOST IN SPACE Posts: 2, Reputation: 1
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    #1

    Sep 12, 2006, 02:13 PM
    Estates
    What happens too property when the owner of the property dies and the children of the owner are not interested in taking over the responsibility of the property?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Sep 12, 2006, 04:40 PM
    There will be an exector of the estate set up, all property will be sold, debts paid, and then any money left will be divided between the heirs.

    If there is more debt than money, the trustee pays them until the money runs out and then notifies everyone there is no more money.

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