Kansas Agreement Between Widow and Heirs as to Division of Estate

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State:
Multi-State
Control #:
US-01110BG
Format:
Word; 
Rich Text
Instant download

Description

Agreements among family members for the settlement of an intestate's estate will be upheld in the absence of fraud and when the rights of creditors are met. Intestate means that the decedent died without a valid will. The termination of any family controversy or the release of a reasonable, bona fide claim in an intestate estate have been held to be sufficient consideration for a family settlement.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Descendants include your children, grandchildren, and great-grandchildren. If you have no living descendants, your surviving spouse will inherit everything.

The order of priority outlined in the succession laws states that parents come first in line after the spouse/children. If there are siblings but no surviving parents, the siblings inherit the entire estate. Half-siblings are entitled to the same share of an estate as any other sibling.

Generally, once an individual has passed, a process known as Probate must be completed to distribute their estate. Once the Court has granted probate, the Executor can finalise the estate by paying any debts and expenses, before allocating any gifts to beneficiaries.

If the person who dies was married and has a surviving spouse, the entire estate generally passes over to this spouse if there are no children from the marriage. If a spouse and children survive the deceased, the estate's assets are divided in half equally between the spouse and the surviving children.

(a) An interest in real estate may be titled in transfer-on-death, TOD, form by recording a deed signed by the record owner of such interest, designating a grantee beneficiary or beneficiaries of the interest. Such deed shall transfer ownership of such interest upon the death of the owner.

Every executor and administrator shall have nine (9) months from the date of his or her appointment for the settlement of the estate.

The laws of intestacy establish a specific order of priority for the distribution of assets. Typically, a surviving spouse and children are given priority, followed by other close relatives, such as parents and siblings. If there are no surviving relatives, the assets may escheat to the state.

If the person who dies was married and has a surviving spouse, the entire estate generally passes over to this spouse if there are no children from the marriage. If a spouse and children survive the deceased, the estate's assets are divided in half equally between the spouse and the surviving children.

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Kansas Agreement Between Widow and Heirs as to Division of Estate