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How much does it cost to create an estate for someone who has died?
Wiki User
∙ 10y ago
How much it will cost to create an estate for someone who has died will depend upon the attorney that is hired and how long it will take. It is always much easier to get an estate created before a person has died; it may take years if they have already died.
Wiki User
∙ 10y ago
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How much would it cost to open an estate for someone who has died?
How much it would cost to open an estate for someone that has died will depend upon the attorney that you hire. It is very hard to open an estate after someone has died. Estates should be started before a person dies.
File income tax for someone who died?
Yes, you have to file income taxes for someone who has passed away. This is normally handled by the estate. There is also estate income taxes that must be files as well.
Does an inheritance after a person's death need to be part of the estate?
Once someone has died, they can longer receive an inheritance.
If a person incurred medical expenses in Europe and then died is the estate of the deceased responsible?
The estate is responsible for any remaining debts. That will include medical bills. If there is not enough in the estate to cover them, someone will not get paid. It is also difficult for foreign entities to enforce their rights.
How do you collect on a promissory note from someone who died?
You must file a notice of lien with the Probate Court against the assets of the deceased's estate.
Can someone with life estate keep the one out that the house was left to?
No....If the home was in a irrevocable or trust life estate and that person died or in the case of the irrevocable trust there still alive and your the benaficairy the trustee can keep you out, but eventually depending on what the terms of the estate are turn the trust or estate over to you. Seek the advice of a probate attorney.
Can someone make you pay something for someone who has died and all they have is a piece of paper with no notarization or witness signing?
The estate is supposed to resolve all debts. The executor will have to determine if it is a valid debt.
What is the minimum taxable estate?
It depends on what year it is and whether they decedent has made any taxable gifts during his or her lifetime. Generally, if someone died in 2009, their estate is free of estate tax up to $3.5 million. In 2010, there is currently no estate tax at all, no matter what the size of the estate is. For 2011 and beyond, currently estates are taxable after the first $1 million.
What is the difference between real estate tax and estate tax?
Real estate tax is tax that is levied on buildingsor other real estate that you possess, be it your own home, a holiday cottage, land or an office building.Estate tax is tax levied on the net worth of all your possessions. The term 'estate' is most commonly used to describe the possessions of someone who has died.
Can a father appoint someone else to be the administrator after his wife died?
Yes. The easiest solution is to create a power of attorney.
Can you get the back pay that is owed to the deceased person if you are the power of attorney?
No. Once the principal has died the POA is expired. That is a task for an estate representative.No. Once the principal has died the POA is expired. That is a task for an estate representative.No. Once the principal has died the POA is expired. That is a task for an estate representative.No. Once the principal has died the POA is expired. That is a task for an estate representative.
Your mother died 5 years ago in California and the estate was closed a year later so are you still liable for credit card debts as the sole beneficiary of her estate?
How could the estate be legally closed if there were still outstanding debts owed? Sounds like someone didn't do the job of running the estate properly. There could be a legal reason for the creditors to ask the estate to be reopened.
