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It is a part of the estate. It needs to be included in the assets and used to pay off any debts. If there are no claims or debts, then the beneficiaries will get the money.

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13y ago
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Q: After claiming deceased moms tax refund can you spend the money?
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Do your kids supposed to get any money from the income taxe refund?

Nope. Parents pay taxes, so they get the refund money. They will most likely spend it to feed you and put a roof over your heads.


What happens if the insurance company issues a check to you the owner of the vehicle rather than to the body shop or the lienholder and you spend the money thinking it was a refund of the diminished value?

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If you receive a tax refund in January and spend it all and then file bankruptcy in February can the trustees make you pay back the refund?

No. But it could possibly depend on whether or not the BK was accepted. Dependent on how much the refund was and what it was used for. In general, only the assets that you have at the time you file are included, not monies already spent. No, But if you file, next year you will possabily have to pay half of your tax money. Why would I have to pay half of my tax money on next years taxes?


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Spend My Money was created in 2008-10.


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No, you can only spend jamaican money in Jamaica


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