answersLogoWhite

0


Best Answer
Copy

Estate taxes are what need to be paid. The executor of the estate, or their legal advisor, should have a good handle on the process. If the value of the estate is less then about 1.2 million, there may be no taxes due, but you still need to file.

2007-02-06 15:16:04
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Your Answer

Loading...

Related Questions

Who inherits the estate when there is no will surviving children and grandchildren who are the children of a deceased child?

Generally, the estate of a decedent who dies without a will goes to the surviving spouse. If there is no surviving spouse then to the decedent's children and the children of any deceased child. You can check the laws in your state at the related question l,ink.Generally, the estate of a decedent who dies without a will goes to the surviving spouse. If there is no surviving spouse then to the decedent's children and the children of any deceased child. You can check the laws in your state at the related question l,ink.Generally, the estate of a decedent who dies without a will goes to the surviving spouse. If there is no surviving spouse then to the decedent's children and the children of any deceased child. You can check the laws in your state at the related question l,ink.Generally, the estate of a decedent who dies without a will goes to the surviving spouse. If there is no surviving spouse then to the decedent's children and the children of any deceased child. You can check the laws in your state at the related question l,ink.


How do you transfer the deed of a deceased parents in IL to surviving children?

That is what probate court is for.


Parents willed estate to surviving children does this exclude deceased children?

If the exact wording is "to my surving children", then all other children who predeceased the testator or out.


Are children of deceased given priority over mother of deceased?

Yes, children have priority over the mother of the deceased. They are the descendants it get priorty second only to a surviving spouse. Even without a will the spouse will come first, then children. Parents are next, then siblings.


Who is next of kin when there's a will?

The next of kin for a deceased person is either their children, or any other surviving relative if they have no children themselves.


Are children entitled to a portion of their deceased father's property if there was no will and the stepmother is the surviving spouse?

In many states, when there is no will the children inherit a portion of a deceased parent's estate that was not held jointly with right of survivorship with the surviving spouse. You would need to check the laws of intestacy for your state at the link below.


Is the surviving child responsible for deceased none medical bills?

Is the surviving child responsible for deceased none medical bills?


Can the surviving spouse's wages be garnished for the deceased spouses medical bills?

No - the surviving spouse is not liable for the deceased person's bills !


Does property and estate automatically transfer to the surviving children if the deceased did not have a will in the state of Texas?

It will depend on who the survivors are. A spouse has rights as well as the children, even without a will.


Who is considered next of kin of a deceased person?

Next of kin, if you are not familiar with the term, just means the closest relative. If there is a surviving spouse, that is the next of kin. If there is no surviving spouse, then surviving children or surviving parents, failing that, a surviving sibling, then we go to aunts and uncles, cousins, nieces and nephews.


Will surviving children of deceased parents that have no life insurance or estate be responsible for paying criminal fines or utility bills incurred by the decedents?

No, surviving family members are not responsible for the debts of deceased persons if they were not listed as a joint account holder or borrower.The exception being a surviving spouse when the couple resided in a community property state.


Are the surviving children responsible for paying off their own debt backed by the estate of the deceased?

The estate is responsible for paying off the bills of the deceased, first and foremost. Surviving children should not have access to the funds until the estate is settled. If the children are minors, the court will appoint a guardian and will usually advance living expenses to insure they aren't without money and a place to live.


How can the descendants of deceased children whom committed suicide be excluded from the inheritance if there is no will?

Generally, when a person dies intestate their property descends to their spouse and children. However, in certain states the surviving spouse inherits all the property. In the states where the surviving spouse AND children inherit, the children of any deceased child would take their parent's share. You can check the laws of your state at the related question link provided below.


What is the law in the state of Ohio with reference to a surviving spouse receiving the estate when there is no will?

It will depend on whether there are children or not. In most cases the estate is split between any children of the deceased and the spouse.


What happens if a surviving step-mother refuses to give assets to the children of the deceased as decreed in the deceased's will?

She is interfering with the distribution of the estate. She can be sued.


Do the mother of the deceased have a right to a life insurance if the other surviving heir is an underage child?

It depends on the legislation of the country. Normally the spouse and children take precedence. An under age child of the deceased would take precedence over the mother of the deceased.


What rights do the non executor surviving children of deceased parents have to the estate when only one is named executor?

Who serves as executor has no affect on the rights of the beneficiaries.


Are you the surviving spouse even if your were not cohabiting with your spouse at the time of death?

If the person was still legally married to the deceased he or she is still considered a "surviving spouse". However, the extent to which claims are made upon the estate of the deceased or the responsibility of the surviving spouse for debts owed by the deceased is determined by state laws and/or the probate court.


Are surviving children in Pennsylvania responsible for paying the mortgage debt of deceased parents?

The children are not directly responsible in Pennsylvania. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.


Do children have rights in or to community property if father dies but mother is living?

You need to check your particular state laws. In a community property state each spouse owns a one-half share of the marital property. In some states a spouse can dispose of their interest by their will to someone other than their surviving spouse.Upon the death of one spouse state laws vary on intestate (without a will) inheritance. In some, the surviving spouse inherits their deceased spouse's share if there are children of the marriage. In some the surviving spouse receives only a half of that share if there are children by a former marriage. In Louisiana the share of a deceased spouse in community property passes to their estate if they had children but the surviving spouse can use the property until death or remarriage. If the deceased had no children the community property passes to the surviving spouse.People who own property in a community property state should consult with an attorney about estate planning. If you are a surviving child then you should consult with an attorney who specializes in probate law.


If property was owned by deceased spouse prior to marriage what is the property rights of the surviving spouse with no will?

Typically the spouse inherits the entire estate unless there are children involved.


What rights does wife have to inheritance of husband in state of texas?

Intestacy in Texas: Decedent had no will(b) Intestate Leaving Husband or Wife.Where any person having title to any estate, real, personal or mixed, other than a community estate, shall die intestate as to such estate, and shall leave a surviving husband or wife, such estate of such intestate shall descend and pass as follows:1. If the deceased have a child or children, or their descendants, the surviving husband or wife shall take one-third of the personal estate, and the balance of such personal estate shall go to the child or children of the deceased and their descendants. The surviving husband or wife shall also be entitled to an estate for life, in one-third of the land of the intestate, with remainder to the child or children of the intestate and their descendants.2. If the deceased have no child or children, or their descendants, then the surviving husband or wife shall be entitled to all the personal estate, and to one-half of the lands of the intestate, without remainder to any person, and the other half shall pass and be inherited according to the rules of descent and distribution; provided, however, that if the deceased has neither surviving father nor mother nor surviving brothers or sisters, or their descendants, then the surviving husband or wife shall be entitled to the whole of the estate of such intestate.You can read the entire statute at the related link.Intestacy in Texas: Decedent had no will(b) Intestate Leaving Husband or Wife.Where any person having title to any estate, real, personal or mixed, other than a community estate, shall die intestate as to such estate, and shall leave a surviving husband or wife, such estate of such intestate shall descend and pass as follows:1. If the deceased have a child or children, or their descendants, the surviving husband or wife shall take one-third of the personal estate, and the balance of such personal estate shall go to the child or children of the deceased and their descendants. The surviving husband or wife shall also be entitled to an estate for life, in one-third of the land of the intestate, with remainder to the child or children of the intestate and their descendants.2. If the deceased have no child or children, or their descendants, then the surviving husband or wife shall be entitled to all the personal estate, and to one-half of the lands of the intestate, without remainder to any person, and the other half shall pass and be inherited according to the rules of descent and distribution; provided, however, that if the deceased has neither surviving father nor mother nor surviving brothers or sisters, or their descendants, then the surviving husband or wife shall be entitled to the whole of the estate of such intestate.You can read the entire statute at the related link.Intestacy in Texas: Decedent had no will(b) Intestate Leaving Husband or Wife.Where any person having title to any estate, real, personal or mixed, other than a community estate, shall die intestate as to such estate, and shall leave a surviving husband or wife, such estate of such intestate shall descend and pass as follows:1. If the deceased have a child or children, or their descendants, the surviving husband or wife shall take one-third of the personal estate, and the balance of such personal estate shall go to the child or children of the deceased and their descendants. The surviving husband or wife shall also be entitled to an estate for life, in one-third of the land of the intestate, with remainder to the child or children of the intestate and their descendants.2. If the deceased have no child or children, or their descendants, then the surviving husband or wife shall be entitled to all the personal estate, and to one-half of the lands of the intestate, without remainder to any person, and the other half shall pass and be inherited according to the rules of descent and distribution; provided, however, that if the deceased has neither surviving father nor mother nor surviving brothers or sisters, or their descendants, then the surviving husband or wife shall be entitled to the whole of the estate of such intestate.You can read the entire statute at the related link.Intestacy in Texas: Decedent had no will(b) Intestate Leaving Husband or Wife.Where any person having title to any estate, real, personal or mixed, other than a community estate, shall die intestate as to such estate, and shall leave a surviving husband or wife, such estate of such intestate shall descend and pass as follows:1. If the deceased have a child or children, or their descendants, the surviving husband or wife shall take one-third of the personal estate, and the balance of such personal estate shall go to the child or children of the deceased and their descendants. The surviving husband or wife shall also be entitled to an estate for life, in one-third of the land of the intestate, with remainder to the child or children of the intestate and their descendants.2. If the deceased have no child or children, or their descendants, then the surviving husband or wife shall be entitled to all the personal estate, and to one-half of the lands of the intestate, without remainder to any person, and the other half shall pass and be inherited according to the rules of descent and distribution; provided, however, that if the deceased has neither surviving father nor mother nor surviving brothers or sisters, or their descendants, then the surviving husband or wife shall be entitled to the whole of the estate of such intestate.You can read the entire statute at the related link.


Is a surviving spouse responsible for a deceased spouse's medical bills in Massachusetts?

No


Is a wife considered a deceased man's issue?

No. Lawful "issue" are descendants including those more remote than children. A wife is a surviving spouse under the laws of intestacy. Both the surviving spouse and issue are legal next-of-kin.


Is the surviving spouse responsible for the credit card account held solely by the deceased spouse's in Washington State?

Washington is a community property state and the surviving spouse can be held accountable for the deceased spouse's debts depending upon the status of the deceased personal holdings/property.