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What else can I help you with?
Is the executor fees calculated after funeral expenses or before?
After funeral expenses
Collecting Funeral expenses?
You can pay funeral expenses out of an estate. You are allowed to be reimbursed for these expenses when the estate is being settled.
Will your health insurnace pay for funeral?
No. Life Insurance will provide for funeral expenses - and some life policies are specifically for funeral expenses.
Is it true that in the state of Michigan the person who paid the funeral expenses is entitled to the insurance benefit regardless of who the beneficiary is?
Unlikely. It doesn't make sense. If you pay $10k in funeral expenses and the life insurance is 10 million - what kind of a deal is that? It would certainly be possible that if the insurance is payable to the estate of the deseased that the person who paid the funeral expenses could get the $$$ from there.
Is funeral expenses tax deductible?
NO. Funeral expenses are NOT deductible on the individual 1040 income tax return.
Does medical expenses cover funeral expenses if a relative is killed on your property?
Funeral expenses are NOT deductible on an individual taxpayers income tax return.
Can you file funeral expenses on income taxes?
Funeral expenses are NOT deductible on an individual taxpayers income tax return.
What form do you I use to claim funeral expenses on taxes?
Funeral expenses are not deductible on a tax return (IRS Pub 502).
Are funeral expenses to be paid before the insurance proceeds are divided if the beneficiaries on the life insurance policy are minors?
Funeral Expenses and costs are determined by the funeral home providing the services not by the probate process. Funeral expenses should be paid promptly and if agreed, reimbursed later.
Funeral expenses are they tax deductions?
No.
Are funeral expenses deductible?
funeral expenses are not deductible on an individuals tax return as they are not medical expenses. However, if and individual has an estate, then the costs are deductible on their estate tax return (form 1041).
What is funeral insurance?
A funeral insurance is a policy that in the event of your death, the insurance company pays all expenses for your funeral.
