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What else can I help you with?
Can the Government claim back overpaid benefits from a deceased persons estate?
Yes, the government can do that. The value of the benefits is part of the estate. The assets of the estate have to be used to clear all debts before anything can be distributed.
Is the estate responsible for the persons debt after they pass away?
Yes. The estate is responsible for the debts of the decedent. Those debts must be paid before any assets are distributed to the heirs.
When you die can the collectors take your life insurance?
Yes, In most countries the law would require that the life insurance be paid into the dead persons estate - if the dead person owed any debts (to tradesmen, banks or for government tax) then the estate must settle these before the dead persons relatives can inherit from the estate.
What is a defeasance?
A condition of termination of an estate which automatically brings the estate to an end if the condition is satisfied
How do you transfer vehicle title when owner deceased and no will?
You open an estate. That is the purpose for the estate, to transfer property and resolve the debts of the deceased.
What percentages in fed Alabama and Huntsville taxes does a deceased persons estate have to pay not having owned any property?
If the value of the estate is low, probably none. The taxes are based on the value of the estate and most require at least $100,000 before there are any.
Can you transfer real estate title insurance to a buyer?
Not sure but i think can't transfer real estate title insurance to buyer
When a person dies is their estate automatically placed in probate?
It does not happen automatically. Someone has to file for the probate to be opened.
Is the executor entitled to the whole estate?
That depends on the wording of the will. Being executor does not automatically give you a right to the estate.
Transfer real estate property by will?
The transfer is done by the executor of the estate once the estate is settled. The will indicates who gets the rights in the property, but they are still subject to mortgage and liens and other items.
Is life insurance exempt from creditors in state of Iowa?
Yes, with a but. As long a a beneficiary is named for the policy and that beneficiary is alive then creditors cannot touch the proceeds. If a beneficiary is NOT named or has died, then the benefits are paid to the INSURED persons estate. A persons estate will go to their next of kin, but NOT before creditors take what is owed to them.
In Canada Does the heir automatically receive the proceeds of the estate?
yes
