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Can you be the beneficiary of a pension if the decedent owes money?
Wiki User
∙ 13y ago
Yes this might be possible.
Wiki User
∙ 13y ago
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What is a debtor?
A person who owes something to others is called as debtor or a person who owes money or money's worth to others. By- Nalini & Raje
Irs owes me money?
I don't know who Irs is but it seems you're in a tough situation.
Which report shows the money your company owes over the next 90 days?
Aging report
What is the appropriate classification of customers accounts with credit balances in a balance sheet?
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
If your husband owes the IRS money but you are separated will they still take your refund?
yes because your still married to him
Who to contact about money owed you from your pension money that was owed you?
The company that owes you the money.
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.
What is distinction between creditor beneficiary and incidental beneficiary?
A creditor beneficiary is one to whome the promisee owes a debt
Is Bernard Baruch a country that owes less money than it is owed?
A creditor nation is a country that owes less money than it is owed. This idea came up during the campaign of Woodrow Wilson after WWI. Even today, the US owes more to itself (individuals, pension funds, etc.) than it does to foreign governments.
Can siblings put a lien on a home that was inherited by a beneficiary deed?
AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.
Should there be an amendment to will when one of the beneficarys owes you money from over 20 years ago?
Not really enough info given. If it is YOUR will you can simply reduce the monetary amount of the beneficiary's inheritance by the amount of money that they owe you.
Is the beneficiary obligated to pay decease debt?
I'm confused... Your the benficiary of what? Life Insurance or a Will? The deceased left debts...and taxes? If you are the beneficiary of a life insurance policy...the proceeds go to you..in full (after paying back any loans taken against the policy), no matter what. Independent of the "estate" of the deceased. If your a beneficiary as in a Will of the decedent...then his bills of whatever type get paid before whatever your supposed to get is available. (If he owes other people they must get paid. It kind of makes sense that he can't leave you money he doesn't really have). Answer2: No. Any debts are paid out of the estate left by the deceased. If the estate is not large enough to cover the debts it ends there. The beneficiary gets nothing but does not assume the debts.
Person who owes money?
A person who owes money is a debtor. To owe money means that you must pay someone else.
Can you sue a bankrupt who owes rent?
Yes, you can sue anyone who owes you money
Can the IRS seize death benefits owed to the beneficiary who owes back taxes?
Sure. Death benefits do not enjoy any preference when the beneficiary owes back taxes. They can also garnish your wages and/or Social Security Benefits. You best bet is to set up a payment plan with then and get the back taxes paid.
The tooth fairy owes you money how do you get it back?
Since the tooth fairy owes you money talk to you mom and dad about it and ask why that is.
What is the name of a person who owes money?
A person who owes is a 'debtor' A person who is owed to is a 'creditor'
