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Can a person of family ask for more money once they have had there share of the estate?
Wiki User
∙ 12y ago
No ! Once the estate has been distributed according to the will - each benefactor is 'on their own'. If a person thinks they deserve more they can contest the will - but that's expensive, and could end up costing them more in legal fees than the amount of money they were originally left !
Wiki User
∙ 12y ago
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Can the Heir to the estate touch esbestos money left to other members of family?
No, an heir only gets access to their share of the estate. They cannot steal money from the others.
What type of tax is levied on the benificiarys share of an estate?
Inheritance tax (or estate tax) is levied on the beneficiaries shares of an estate. It is assessed on the total value of a deceased person's money and property and is paid out of the decedent's assets.
How is per stirpes used in a will?
An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of an estate
Can the executor distribute money to two beneficiaries instead of three as the will states?
Not without breaching their duty to the estate. There are ways they can do that, one of them is if the third person declines to receive their share.
Can the IRS take your half of an inheritance if it is your sister that has the debt?
No. It doesn't belong to your sister until the estate distributes it. The estate will split the money/value as directed by the will or the intestacy laws. You will get your share and your sister will get her share. The IRS can place a lien on her share.
Do you have to pay taxes on money inherited from parents estate in va?
This may not apply to Virginia, but you generally do not have to pay tax on money you inherit. The tax has already been paid by the estate. Thus, the Federal Government took its share from the estate and then the state took its share from the estate and what little is left is yours to keep. No additional tax is generally due.
Can the IRS take my back taxes out of your son estate if im the executor?
They cannot take money out of the estate for your debts. However, they can place a lien on your inheritance from the estate. When the estate is distributed, your share could be taken.
How old do you have to be to get money out of probate in Cincinnati Ohio?
You must be an adult to get money directly from the estate. A minor inheriting a share will have it put in a trust.
What does the executor of a will do if someone mentioned in will is deceased?
They will look to the wording of the will. It should specify whether that share goes into the general estate or to the deceased named person's estate or heirs.
If there is a will leaving all monies to the adult children can a new wife get a part of the estate in Florida?
As the surviving spouse you do have a right to a share of the estate. The surviving spouse of a person who dies domiciled in Florida has the right to a share of the probate estate of the decedent as provided by state law. That share is called the elective share and can be claimed by right of election. You can read about all the rights thereunder at the link provided below.
Who pays nursing home when you die?
Normally any debts a person has when they die (such as outstanding fees to a nursing home) are paid out of the estate of the deceased person. If there is not enough money in the estate to meet all the debts then the people owed money get only a share of what there is. Relatives do not have to make up the difference unless THEY told the nursing home THEY would pay the nursing home costs (and signed a contract to this effect).
What happens if a sibling is left in there mothers will as a co-executor but still owed her money on a loan from her?
If the loan is properly documented, the loan counts against their share of the estate. If there is not enough money in the estate to pay off the debts, they will have to repay the loan.
