0
Does the IRS claim property you have inherited when they have frozen a bank account?
Wiki User
∙ 11y ago
When you inherit property, it becomes your property. The IRS will attach liens or garnishments on such property, including inheritances.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
If you construct a house next to an inherited property are you entitled to claim it?
If you construct a house on someone else's property they can demand that you move it or they can deny you access to it. You haven't provided enough detail about the "inherited" property. Perhaps you could expand.
If your exhusband paid for repairs on property you inherited after your marriage can he demand restitution or make a claim on the property if you divorce or you die?
Yes, he may have a valid claim. You should discuss the matter with an attorney who specializes in divorce law.
Do you have to claim money on your tax return that you inherited?
If you just inherited a bag full of money, no. If you inherited a tax deferred account like an IRA, 401k, or pension, you may have to pay tax when you take the money out. If you inherited property such as a house or stocks, you may have to pay taxes on the growth in value between the date of death and the date you sold the property. If you inherit US Savings Bonds, you may have to pay tax on the interest when you cash them in, including interest earned during the life of the deceased if the deceased was not declaring the interest annually on his or her taxes.
Can a wife in Mississippi inherit her husband's inheritance?
This is a complicated issue. Generally, a wife has no legal claim to any property inherited by her husband during his life. However, she may inherit an interest in any property he owns at the time of his death unless it was bequeathed to some other beneficiary in a valid Will. She may also have a claim to property he inherited if marital assets were used to maintain or improve it. An example would be real property such as a two family home inherited by the husband. If you think your situation is similar to any mentioned above you should consult with an attorney who can explain your rights and options.
Do i need executors permission or probate to sell my share of inherited property?
You have to have the rights in the property before you can sell them. Being a named beneficiary does not give you the right to transfer title, though you could quit claim your rights.
My sister and I inherited our mother's estate. Can our husbands claim a share of that inheritance?
It depends on where you live. In the United States a husband has no "control" over his wife's separate property. Even in a community property state any property acquired through inheritance will be considered separate property and will remain the sole property of the recipient. You should make certain not to commingle the inheritance with marital funds. Keep inherited cash or stock in a separate account- always. Also, keep in mind that if your spouse provides manual or financial assistance that enhances the value of your inherited property such as real estate, they may be entitled to a portion of the value in the case of a divorce. State laws vary. You should consult with the attorney handling the estate who can review your situation and explain your rights and options.
If your spouse inherits money during your marriage in New York state and he files for divorce are you entitled to any of the inherited money?
Wisconsin is a community property state. That means whatever individual property you bring to the marriage, or acquire by an individual gift or inheritance, remains your individual property.
The ruler of a kingdom has a legitimate claim to his power because he?
inherited it
Can an ex wife put a lien on her ex husband's inherited property from deceased mother?
Let me see if I've got this right... the ex-husband inherited property from his deceased mother. If the ex-wife has no claim to that property, she cannot put a lien on that property. Now if she were awarded a portion of that property in the settlement, and agreed to sell her portion to her husband, she could retain a lien on it until it was paid off, but I'm not getting the impression that's the case here. Basically, if it was never yours to begin with, you have absolutely no justification to try putting a lien on it.
How do you claim auto insurance when you wrecked your car on your property?
It would be an auto claim for the damage to the other and a homeowners claim for the damage to your property. You cannot be liable to yourself, so you cannot claim the property damage on your auto policy.
The ruler of a kingdom has a legitimate claim to his power because he inherited it?
Autocracy
Who can 'freeze' a bank account in Georgia?
A bank account is "frozen" by the court upon request of the plaintiff or judgment creditor for a specific period of time. This action is sometimes used on joint accounts to give the account holders time to claim any exempt funds (SS benefits, monies belonging to a non judgment account holder, etc.) in the account before a bank account levy is granted. A bank account can only be "frozen" by court order or by the banking institution itself when there is proof that the account has been tampered with (identity theft, etc.) or other issues.
