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What else can I help you with?
How do you distribute if one heir pays cash in to the estate?
It depends on why the heir paid cash to the estate. If it was a loan to the estate, it should be paid back first. If it was to pay the estate back for a loan, it is divided up like the rest of the assets.
WHAT IF Residuary beneficiary owes money to estate?
The estate can require that the beneficiary pay the money back. Or they may offset the amount against what they get. If there is anything left over, there shouldn't be a reason to make them pay it back.
Can you get a another loan if you paid your first one off?
yes. but the thing is you have to pay that one back.
What laws cover interstate real estate transactions?
Real estate is located officially in one state or another, so the transaction would be covered by the laws that apply in that one state or the other, or preferably both, if you pay your lawyer to do it right.
Does an executor have a conflict of interest if he has borrowed a large amount of money from the deceased and has not paid it back to the estate upon due prior to deceased death?
There should not be a problem as long as everything is properly documented. The loan will count against their portion of the estate. If there is not enough money in the estate to pay the debts, they will have to pay them back.
What happens to credit card debt when the cardholder dies but wasn't the one that used the card?
The estate is responsible for the debt. They will have to pay it off before closing the estate. They have the ability to try and get the money/goods back from the person that spent it.
If a relative dies with credit card debt is the estate resposible to pay back the debt?
Yes
What taxes did members of third estate have to pay?
the members of the third estate had to pay money
Does the executor of an estate pay attorney fees out of their compensation?
They do not pay the estate attorney's fees, the estate does. If they hire their own attorney, yes, they have to pay them.
When does an executor of a will get paid by the estate if they have to pay outstanding bills left by decedant?
The executor should never pay the bills themselves. They should have the estate do it. Yes, with proper receipts, there should be no problem with getting the money back.
How do you pay a deceased persons bills if they have no estate?
You don't. You open the estate, collect all the debts, liquidate all the assets and pay what you can. If there are more debts than assets, people don't get all their money back.
Borrowing money and now they are deceased to you have to pay back the estate.?
You still owed the money. The executor can ask you to pay back the loan. They can also credit it to any inheritence you may receive.
