0
Does the decedent's income tax refund check belong in the estate checking account?
Wiki User
∙ 13y ago
Yes, it is considered residuary property and remains with the estate.
Wiki User
∙ 13y ago
Yes, the decedent's income tax refund check typically belongs in the estate checking account, as it is considered a part of the deceased person's assets. However, it's always advisable to consult with a legal professional or estate administrator for guidance specific to your situation.
Add your answer:
Earn +20 pts
Am I responsible for credit card debt or tax debt on death of spouse?
The estate of the spouse is responsible. IF both are on the same checking account then the FULL amount of that checking account can be considered the spouses estate too. Even if the account is closed just prior or just after death, then the amount in the account months prior is still considered a portion of the estate.
When can a decedents estate claim a charitable deduction?
They claim it on the estate taxes as a deduction. It has to be to an approved charity.
Can a co-owner on a checking account be liable for using money from an estate not settled?
Yes, the co-owner would be legally liable for using money in the account from an estate that was not settled.
Are checking accounts part of residuary estate?
Yes, unless the account has a listed Payable on Death beneficiary or the account was specifically devised in the will.
Do you have a right to see your parent's checking account if they have both died?
As an individual, you generally do not have an automatic right to access or view your deceased parent's checking account. After their death, the account typically becomes part of their estate, which is subject to the probate process. Only the appointed executor or administrator of the estate would have the legal authority to access and manage their financial accounts.
A process that facilitates the transfer of a decedents estate to named beneficiaries is?
The probate process.
Can the estate claim the balance in a checking account if you are also on the account?
Yes. However, consult a local lawyer and they would be able to address your specific issue better.
How can you donate to children to children?
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
Do you have to pay the decedents creditors?
You have to pay them before any of the estate can be distributed to the heirs. If there isn't enough, the debtors are out of luck.
Is the person who rewarded a life estate resposible for decedents debt?
That will depend on the relationship. If it is a spouse, there is likely to be a legal responsibility.
Who did the nobles belong to which estate?
1st estate
How can you donate to Michael Jackson's children?
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
