0
Are the joint heirs responsible for paying one brothers debt in a judgment from the proceeds of an estate settlement?
Wiki User
∙ 10y ago
The estate is responsible to pay out the proper values to the beneficiaries. They have no reason to give more than the fair share toward anyone receiving assets.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can you refinance your home loan even if its got a judgment?
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
Can I get a cash advance on the settlement from my lawsuit?
Yes there are many services that will pay you an advance on pending litigation proceeds.
What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
Are settlement proceeds taxable?
The IRS states that only settlements due to physical or emotional injury are non taxable, for instance if you received a settlement for mesothelioma. States however may tax settlements as ordinary income.
Are postmortem life insurance dividends taxable?
No, Death claim proceeds are tax free including Dividend. If there is any interest paid on death claim proceed due to delay in death claim settlement, then paid interest can be taxable.
Can you refinance your home loan even if its got a judgment?
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
If you have a judgment lien against your home can you sell it and keep the proceeds of 125000 dollars?
Of course not. The lien will have to be paid from the proceeds before they are turned over to you.
What is the tax percentage on a settlement from a car accident?
The proceeds of compensation from an award for a vehicle accident are not taxable.
Do you have to pay taxes on a personal injury settlement from a auto accident?
Generally speaking you do not have to pay taxes on personal injury settlements. However, in certain situations where (1) all or part of the proceeds of the settlement is treated as disability income, and (2) the premium of the policy (under which the proceeds were paid) was paid by an employer; then that part of the proceeds will be treated as a taxable ordinary income.
Can I get a cash advance on the settlement from my lawsuit?
Yes there are many services that will pay you an advance on pending litigation proceeds.
Is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
What deficiency judgment laws in Maryland?
A homeowner who is foreclosed upon in the State of Maryland is exposed to the lender pursuing a deficiency judgment for the portion of the total debt not repaid from the proceeds of the foreclosure sale. The lender must pursue the in personum judgment (judgment against the person) within 3 years of the final ratification of the foreclosure.
Are settlement proceeds taxable?
The IRS states that only settlements due to physical or emotional injury are non taxable, for instance if you received a settlement for mesothelioma. States however may tax settlements as ordinary income.
What is a cross settlement?
A Gross Settlement is the amount of money (award) an insurance company offers to settle a case. Net proceeds would be after all parties have presented their claims for expenses and services to client and have been paid and settled.
You have file personal chapter 7 bankruptcy in Dec 09 and due to receive a settlement check for a diminished value automobile claim from March of 2007. Does the Trustee get to keep the proceeds?
Unless you claimed the proceeds as exempt when you filed, the trustee gets the money.
Person dies and had a judgment against another person Is that judgment still in effect for the heirs?
Yes. If the judgment results in a monetary award the proceeds would be distributed according to the residuary clause in the will or as intestate property if there is no residuary clause or no will. You should make certain to keep the claim active until it is paid.
