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Should cancelled debt of the deceased be included in tax filling?
Wiki User
∙ 13y ago
Yes the canceled debt should be included. It is the same as income. Taxes have to be paid on all income.
Wiki User
∙ 13y ago
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Should the deceased be included in a law suit?
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Life insurance part of estate?
Life Insurance and EstatesNO, not if the named beneficiary is not deceased. The proceeds of a life insurance policy belong to the named beneficiary not to the deceased. It should not under any circumstances be included in the estate of a deceased or the probate process. If no beneficiary is named or if all beneficiaries are deceased then their is no alternative. When their is no named beneficiary then the value of the life insurance policy reverts to the insured and must then be included as part of the deceased estate
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