0
If the deceased owed money, debtors can place a claim against the estate. The executor has a duty to notify all debtors of the death of the individual. The assets of the estate must be applied to the debts before anyone can inherit anything.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Is a spouse responsible for a medical bill if there is no estate no money doesn't own anything how long will a collection agency hound a person?
That is one of the purposes of probate. Once the estate is closed, the collectors should not bother you.
Can debt collectors take settlement money?
Debt collectors can indeed take settlement money from someone if they owe debt. These collectors may take from what they need to.
How does a beneficiary know if he has to add this money to an estate?
The only reason a beneficiary would add money to an estate would be if they owed money to the estate at the death of the deceased.
Is money received as a beneficiary from an estate taxable?
Money received as a beneficiary from an estate is not considered taxable. Money that is left on behalf of an estate is an inheritance and is considered to be tax free.
What taxes did members of third estate have to pay?
the members of the third estate had to pay money
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
If an heir of an estate dies who is entitled to that portion of the money?
If an heir of an estate dies who entitled to that portion of the money?
What are the benefits of using solar collectors?
Well, solar collectors are safe for the world. Plus they save you money on bills!!:} solar collectors-solar panels
How do you divide an estate when two of three heirs owe money to the estate?
The value of the estate, which includes the debts owed to it as well as the debts the estate owes, is divided up into three parts. The amount those that owe the estate money receive is off-set against the debt. If there are more debts owed by the estate then it is worth, those owing money will have to pay it to the estate.
What did tax collectors do in 25 ad?
Take money
When can you close your fathers estate account and keep the money as an heir?
when can you close my fathers estate account and keep the money.
How did donalds trump earn his money?
real estate.
