Decedent's Estates
Underwriting Manuals
- 1.00 Absentees, Estates Of
- 4.04 Decedent's Estates
- 5.20 Estate Taxes
- 6.16 Fiduciary Deeds
- 10.00 Joint Tenancies
- 11.20 Life Estates
- 12.40 Murder As A Source Of Property Rights
- 17.56 Rules Of Descent And Distribution
- 18.20 Simultaneous Death Act
- 22.08 Wills
Standard Exceptions
- No references available.
Bulletins
- No references available.
Forms
- No references available.
Table of Contents
DEC
Decedent's Estates
If an owner dies, you must verify compliance with state probate requirements.
Release of lien of estate tax as to the premises herein must be obtained and recorded, or proceedings must be reopened and amended to include said premises, and any tax fixed thereon must be paid.
1983 $275,000.00 1987 to 1997 $600,000.00
1984 $325,000.00 1998 $625,000.00
1985 $400,000.00 1999 $650,000.00
1986 $500,000.00
(list by name and birthdate)
Release of lien of estate tax as to the premises herein must be obtained and recorded, or proceedings must be reopened and amended to include said premises, and any tax fixed thereon must be paid.
1983 $275,000.00 1987 to 1997 $600,000.00
1984 $325,000.00 1998 $625,000.00
1985 $400,000.00 1999 $650,000.00
1986 $500,000.00
(list by name and birthdate)
Exceptions
DECX01
ALTA
07/10/2009
V
2
Recorded Estate Taxes
Notice of federal estate tax lien recorded ___________ [filed under __________] on the estate of _________________, deceased, for the amount of _____________ plus interest and penalty.
Comment: Notices of federal tax liens are generally effective for 10 years and 30 days from date of assessment. However, the special federal estate tax lien is effective for 10 years from death without need of recordation. Certain federal estate tax liens may be effective for 15 years.
Comment: Notices of federal tax liens are generally effective for 10 years and 30 days from date of assessment. However, the special federal estate tax lien is effective for 10 years from death without need of recordation. Certain federal estate tax liens may be effective for 15 years.
See Underwriting Manual
DECX02
ALTA
07/10/2009
V
2
Recorded State Death Tax Lien
Notice of state death tax lien recorded ___________ [filed under __________] on the estate of _______________ deceased, for the amount of _______________ plus interest and penalty.
Comment: Except to any recorded death tax (inheritance estate) lien unless it is barred by limitation.
Comment: Except to any recorded death tax (inheritance estate) lien unless it is barred by limitation.
See Underwriting Manual
DECX03
ALTA
07/10/2009
V
2
Federal Estate Tax Lien
Any lien for federal estate taxes, plus interest and penalty, by reason of the death of _________________.
Comment: You must verify that a decedent’s estate owes no federal estate or state estate/inheritance taxes, either because not taxable (due to size or deductions) or because the taxes were paid. If you have not received adequate proof, add this exception. Do not rely upon an indemnity where taxes may be owed unless you secure the Company’s approval.
Comment: You must verify that a decedent’s estate owes no federal estate or state estate/inheritance taxes, either because not taxable (due to size or deductions) or because the taxes were paid. If you have not received adequate proof, add this exception. Do not rely upon an indemnity where taxes may be owed unless you secure the Company’s approval.
See Underwriting Manual
DECX04
ALTA
07/10/2009
V
2
State Death Tax Lien
Any lien for state death taxes, plus interest and penalty, by reason of the death of _______________
Comment: You must verify that a decedent’s estate owes no federal estate or state estate/inheritance taxes, either because not taxable (due to size or deductions) or because the taxes were paid. If you have not received adequate proof, add this exception. Do not rely upon an indemnity where taxes may be owed unless you secure the Company’s approval.
Comment: You must verify that a decedent’s estate owes no federal estate or state estate/inheritance taxes, either because not taxable (due to size or deductions) or because the taxes were paid. If you have not received adequate proof, add this exception. Do not rely upon an indemnity where taxes may be owed unless you secure the Company’s approval.