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What else can I help you with?
Tax on all real and personal property of a deceased person is?
estate
Which type of tax is imposed on those who inherit assets from a deceased person?
inheritance tax
Which type of taxes imposed on those who inherit assets from a deceased person?
inheritance tax
What happens if a person sold a property of a deceased person and used a power of attorney?
A POA is extinguished at the moment of death. If a POA was used to sell the property of a deceased person the sale was null and void. The former attorney-in-fact had no legal interest in the property, couldn't sell it and committed a fraud. The buyer did not get title to the property.
Do I have to pay estate taxes on inheritance property?
Yes, you will have to pay estate taxes on inherited property. In the United States an estate taxes is always imposed on the transfer of the "taxable estate" of a deceased person. Have already paid state taxes for CA. in FEB. Are there going to be more? I've paid taxes, is there aditional taxes included.
What type of tax is imposed on a real and personal property of a deceased person?
estate (A+)
Tax on all real and personal property of a deceased person is?
estate
Are bank accounts or CD accounts of a deceased person considered personal property?
Yes, bank accounts are personal property.
Which type of taxes imposed on those who inherit assets from a deceased person?
inheritance tax
Which type of tax is imposed on those who inherit assets from a deceased person?
inheritance tax
Can the children of a deceased person sell his personal items to help pay for funeral expenses?
Under certain conditions, it is possible for a child of deceased person to sell his personal items in order to pay for the funeral expenses. However; you need to check for any will written by the deceased person, and you cannot sell property, or luxury items of use unless otherwise specified in the will.
Who protects a deceased person's property?
The executor of the estate.
Can you buy a property of a deceased person that has no executor?
You have to buy the property from someone. And the only person that can sell it is the executor.
Can the mother of a deceased sell personal property belonging to his spouse before the 40 days?
I don't know the law in the US but I am sure that the mother of a deceased person could NEVER sell the property of his spouse (widow?) or even the deceased's property as the spouse (widow) would be next of kin and even if there was not a will the law has rules about this kind of thing Lock the woman out.
Can your deceased mothers life estate property be reversed?
A deceased person could have their life estate property revised. It is best to seek the advice and assistance of a lawyer.
Is money personal tangible property?
Money is considered personal property and personal property is part of a person's estate.
Who owns a deceased persons property who has no heir?
When a person with no next-of-kin dies owning property, their property 'escheats' to the state.
