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What else can I help you with?
How do I file taxes when a spouse dies?
When a spouse dies, you may need to file taxes for them for the year of their death. You would file a final joint tax return for the year of their death, and then file as a single taxpayer in the following years. It's important to report any income earned by the deceased spouse and any deductions or credits they may be eligible for. You may also need to obtain a Tax ID number for the deceased spouse. It's recommended to seek the guidance of a tax professional or accountant to ensure you are filing correctly.
Are the grown children of your deceased spouse entitled to any of your joint assets in NH?
No. Any assets held by you and your spouse as joint tenants became your sole property automatically upon his/her death. You are the sole owner. Any property owned solely by the decedent would pass according to a will or according to the state laws of intestacy if there was no will. You can check the laws of intestacy for your state at the link provided below.
Can I purchase I bonds for my spouse?
Yes, you can purchase I bonds for your spouse as a gift or as a joint ownership.
What happens when a joint loan on a recreational vehicle is awarded to one spouse in a divorce decree and that spouse dies before the loan is paid off?
If a joint loan on a recreational vehicle is awarded to one spouse in a divorce decree and that spouse dies before the loan is paid off, the responsibility for the loan typically falls on the surviving spouse, depending on the loan agreement and state laws. The lender may still hold the deceased spouse's estate liable for the debt, meaning the estate could be responsible for paying it off. If the surviving spouse wants to keep the vehicle, they may need to refinance or assume the loan. It’s advisable for the surviving spouse to consult with a legal professional to understand their rights and obligations in this situation.
Is a spouse responsible for debt incurred before the marriage?
No, not directly. Indirectly the non debtor spouse may find that he or she has a shared joint account levied or joint property encumbered by a judgment against the debtor spouse.
Is it illegal to remove your spouse from joint checking account?
No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.
Is the spouse named on the loan or the estate of the deceased spouse responsible for the debt of joint owned loans?
Yes.
Could Spouse take all money out of Joint checking account?
yes
Does a surviving spouse in Georgia have to pay an attorney to draw up a new deed to remove the name of the deceased spouse if both names were on the original warranty deed?
If you acquired the property as joint tenants with the right of survivorship then you automatically own the property as the surviving spouse. You do not need to record a new deed. You need to record a copy of the death certificate in the land records as notice that the other joint tenant has died. Any professional checking the title to your property will note the joint tenancy recited in your deed, see the death certificate for your spouse and know that by operation of law you are now the sole owner of the property.
Does a spouse have to pay back a loan of a deceased spouse if they are not a joint holder of the loan?
Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.
Primary card holder deceased with no will spouse joint on house is she responsible for card death?
As long as the couple did not reside in a community property state and the spouse was not a joint account holder the spouse is not responsible. However depending on the probate laws of the resident state, a portion of the deceased's estate may be used to pay outstanding debt(s).
Will the surviving spouse's credit rating be affected by the repossession of the deceased spouse's car?
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
How does a surviving spouse cash a deceased spouse's stock check?
You should speak to a bank representative to determine if the bank will allow the check to be deposited in your joint account.
In Alabama is a surviving spouse responsible for the credit card debt of their deceased spouse?
Alabama is not a community property state, the surviving spouse is not responsible for creditor debt unless he or she was a joint account holder.
Does a spouse have to pay a credit card that is only in the deceased spouse's name in Michigan?
In Michigan, generally, a spouse is not personally responsible for credit card debt solely in the deceased spouse's name. However, the estate of the deceased may be liable for the debt if there are sufficient assets. If the surviving spouse was a joint account holder or had co-signed for the credit card, they could be held responsible. It's advisable for the surviving spouse to consult with a legal professional regarding the specific circumstances.
In Oklahoma are you responsible for your spouse's medical bills after they die?
In Oklahoma, the responsibility for a deceased spouse's medical bills generally falls to the estate of the deceased rather than the surviving spouse. However, if the surviving spouse was a co-signer or if joint accounts were involved, they might be liable. It’s advisable to consult with a legal professional to understand specific circumstances and obligations.
If your checking account is a joint account with your spouse and it has a negative balance and you file chapter seven what happens to your spouse?
She needs to get a checking account in her own name, which means that you both will need to put money into the joint account until it is at least a zero. If you stiff the bank, then it will not be possible for either of you to get a checking account anywhere until you pay the amount owed. As they say, "you don't want to go there."
