The threshold varies by State.
The person's estate is responsible for payment of back taxes. If there are any assets, the debts must be paid before any assets can be distributed to the heirs. If there are no assets the creditors should be notified of the death and they are out of luck.
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
If the person who died left any assets, they should first go toward paying any debts the person left behind.
A backfriend is a secret enemy, or a person who is always behind another in terms of support or backing.
If the deceased's will leaves assets to a person but places them into a "trust" for that person, yes, they can.
no
The assets are transferred to the closest family member (if any). Most people have people whom they do not consider family, but in some cases this can be the person to whom the assets are transferred. In the case of a married person, the assets would be transferred to their spouse.
Yes... But usually the courts will use wage garnishment as their first action. Either way, a person would have to be significantly behind on payments and/or not attempting to financially support the child.
Yes. As long as evidence of the the assets can be provided to the court. In fact, they need to be declared on the parent's financial statement to the court which is used to arrive at a figure under the state child support guidelines.Yes. As long as evidence of the the assets can be provided to the court. In fact, they need to be declared on the parent's financial statement to the court which is used to arrive at a figure under the state child support guidelines.Yes. As long as evidence of the the assets can be provided to the court. In fact, they need to be declared on the parent's financial statement to the court which is used to arrive at a figure under the state child support guidelines.Yes. As long as evidence of the the assets can be provided to the court. In fact, they need to be declared on the parent's financial statement to the court which is used to arrive at a figure under the state child support guidelines.
Standing behind the person in fornt and not cutting in front of anybody that was there before you.
Physical assets are tangible things a business or person owns, e.g. property.
That is one of the duties of the executor. They have to inventory the assets and debts of the estate. Then they will be able to liquidate the debts and distribute the assets.