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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.
Does the IRS claim property you have inherited when they have frozen a bank account?
When you inherit property, it becomes your property. The IRS will attach liens or garnishments on such property, including inheritances.
Can you claim a loss on inherited property?
Yes, you can claim a loss on inherited property, but the rules can be complex. The property is generally valued at its fair market value at the time of the decedent's death, which becomes your basis for determining any gain or loss if you sell it. If you sell the inherited property for less than this stepped-up basis, you may be able to claim a loss on your tax return. However, it's advisable to consult a tax professional for guidance specific to your situation.
Can you be reimbursed for property taxes from estate?
If the property is in the estate, the estate is responsible for them. You are entitled to be reimbursed if you have paid them for the estate. Submit your claim to the executor.
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.
When a couple divorces in Ohio after a workers compensation is paid is the spouse entitled to any of the claim due to marital property?
yes
Is homeowner entitled to any of the insurance check when repairs are being done on a damaged property?
Of course not. Insurance is supposed to put you back to the same position you were in before the damage occurred. Your not "entitled" to make money on a claim. If your property was repaired the contract was fulfilled.
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.
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.
Can a person claim adverse possession of a property on behalf of the previous owner who is now deceases In this case a daughter inherited a property from her mother and within 6 months claimed possess?
Generally, a person cannot claim adverse possession on behalf of a deceased owner. Adverse possession requires that the claimant possess the property in their own right, not as a representative of another. In the scenario described, since the daughter inherited the property from her mother, she would not need to claim adverse possession; she already has legal ownership of the property through inheritance. Adverse possession typically applies when someone occupies land without the owner's consent, which is not the case here.
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.
When a couple divorces before a workmens compensation settlement is paid is the spouse entitled to any of that claim due to marital property?
It is possible if the claim was filed before the divorce and the couple lived in a community property state, the ex-spouse has claim to a portion of the settlement. In other states it would depend upon the terms that were stated in the dissolution petition.
