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What happens if a person with POA takes money from the estate after the principal has died?
Wiki User
∙ 12y ago
That would be a criminal offense. The decedent's family should report it to the police immediately and should speak with the district attorney immediately about pressing charges.
That would be a criminal offense. The decedent's family should report it to the police immediately and should speak with the district attorney immediately about pressing charges.
That would be a criminal offense. The decedent's family should report it to the police immediately and should speak with the district attorney immediately about pressing charges.
That would be a criminal offense. The decedent's family should report it to the police immediately and should speak with the district attorney immediately about pressing charges.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThat would be a criminal offense. The decedent's family should report it to the police immediately and should speak with the district attorney immediately about pressing charges.
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What does principal mean in real estate?
For any business the principle means money.
What happens when a person dies and is owed money by a relative?
If the debt is evidenced in writing it is the obligation of the executor to collect the debt owed to the estate.
What happens when money is left in a estate and that person is deceased?
The person would have to be deceased in order for the estate to be distributed. If the person left a Will then the terms of such would apply after any debts and taxes have been paid. If the person died intestate (without a will) the state probate succession laws apply.
What happens if parents die and owe money to the government but the estate has no money?
The government is not going to get their money. They will have to be satisfied that there are no assets in the estate and that no one else got paid.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
When a person has dies that loaned money to a private party what happens?
Technically, the private party would then owe the money to the deceased person's estate. "What happens" at that point depends on the details, but the executor would be well within his or her rights (and would probably be legally obligated) to insist on the repayment of the loan.
What happens if there is no beneficiary to the estate?
The estate goes to the state. They will then determine what to do with it. Typically the estate is liquidated, everything sold off and the money goes into the state budget.
What happens to credit card debt when the cardholder dies but wasn't the one that used the card?
The estate is responsible for the debt. They will have to pay it off before closing the estate. They have the ability to try and get the money/goods back from the person that spent it.
What happens to their credit card debt when a single person dies?
Their estate is responsible for the debt. First, if the deceased has a home, property, condo, cars, etc., the estate will sell it off and pay the debtors. If there are no assets, the debtors will lose their money. If there is no will, the estate will be distributed according to the intestacy laws.
What happens to money that as been left to a person in a will but that person as already died- who does it go to?
That will depend on the wording of the will. It may go to their estate, it may go directly to their descendants or it may get divided up between other beneficiaries.
How much money does a person in real estate make annually?
$30,000
What happens to a debt you owe to a person that dies?
The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.
