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At death of a single person with no assets can the IRS get life insurance money left to a sister?
Wiki User
∙ 16y ago
STILL ONE OF THE GREATEST BENEFITS AVAILABLE: Life insurance with a named beneficiary is paid outside the estate, directly to that beneficiary. It is not subject to any other claims by anyone involving the decedent. (It is also not taxed). Unfortunately, some insureds name themselves or their estate (which is the same) as the beneficiary. Then it simply becomes another asset of the estate to be taxed, and distributed after handling the claims against the estate. Like anything else in estates/law, it is not what any/everyone says the person wanted, but what the documents, (or lack of), show.
Wiki User
∙ 16y ago
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Does dad's sister have life insurance on him?
my sister died and I need to no if she has life insurance
Can a person get auto insurance on a auto if the auto is not in their name?
Answer 1: yes, my sister is borrowing my car and she her own insurance on it.Answer 2: You can always get insurance as an additional driver on another person's car insurance policy. Isn't that how children in the house are added to their parent's car insurance policy?
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Can your sister-in -law take a insurance out on your mom and keep the money for her self
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Your wife's sister is called your "sister in-law".
How can i find out if my sister have life insurance?
Ask her.
What is the single word in English for sister-in-law's brother?
There is no single word in the English language for your sister-in-law's brother.
If I am the sole executor of my mothers' will does my sister who has power of attorney have to turn my mother's assets over to me?
Yes. The POA expired at the moment your mother died. Your sister has no power over your mother's assets. You need to petition the probate court to be appointed the executor. Once you have been appointed you will have full authority over your mother's assets and the settling of her estate.
Who is responsible for the insurance if a car is financed in your name but your sister is making the payments and driving it?
If the car is in your name then you are responsible for everything. If she wrecks it and is at fault, the person that she hits is going to go after you because the car is in your name. But she is the one that needs to be paying for the car insurance. call a insurance company they will help you,
Can you cash bonds if sister named executor?
Only the executor has the authority to liquidate assets of the estate.
Can my sister treat my deceased mom s accounts as her piggy bank and ignore the Will?
No. She would be violating law- stealing the assets of the estate. Someone must submit the Will to the Probate court and petition to be appointed the executor. Once appointed, the executor is the only person who can access and take charge of the assets of the decedent. They will have the authority to distribute the assets according to the provisions in the Will after the decedents debts have been paid.
What is the future tense for your sister is a happy person?
The verb in the sentence "Your sister is a happy person" is is (a form of the verb to be). To put this sentence in the future tense, you would say, "Your sister will be a happy person."
What is a blood sister?
A blood sister is someone who is a sister to another person by birth.
