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Can life estate home be rented if the parent is in a nursing home and will never return to the home?
No. The life estate belongs to her as long as she is alive. If she granted a power of attorney and it is still valid, the attorney in fact could consent to a sale of the real estate or release the life estate. If there is no valid POA and the individual is not of sound mind, a petition to sell the real estate free of the life estate could be brought before the probate court.
A life estate means that someone else gets the property at her death. Who gets the property on her death? They can only sell it subject to the life estate, which reduces the value to the buyer.
What else can I help you with?
Can you return a bike after riding it?
Yes, you can return a bike after riding it, as long as you follow the return policy of the place where you rented or borrowed the bike from.
Do you return or throw away a deceased parent's medical bills when they had no assets?
You should not do anything with them. The executor of the estate should make arrangements to void the debt with the provider.
If you rented your Redbox DVD at Walmart could you return your DVD at a Redbox at Walgreens?
Absolutely yes! You can rent and return any where with RedBox!
Does estate get passed to the IRS?
The estate does have to file a tax return with the IRS. It is responsible for income tax and estate taxes
Will you need to pay estate taxes?
That will depend on the value of the estate. The executor will have to file a tax return with the IRS for the estate.
Is it possible to get a tax return for real estate?
yes, it is very possible to get a return for real estate. Also, the average yearly rate for real estate taxes varies per person but can be a big sum.
Do you have to return your mouthpiece when renting at Marshall Music Co in Lansing?
Whatever was rented up front has to be returned.
DO I have to file taxes for a dead parent who owes taxes?
Yes, you may need to file a final tax return for your deceased parent if they had income during the year of their death and owed taxes. This return should cover the period from January 1 until the date of death. Additionally, if there are any outstanding tax liabilities, the estate may be responsible for settling those debts. It's advisable to consult a tax professional or an estate attorney to guide you through the process and ensure compliance with tax regulations.
Who files tax return for a deceased person?
The executor of the estate files the tax return for the deceased.
Can you rent a car in ma and returned it ny?
If you rent a car in MA you can not return it to NY. The car is insured in MA, so if you drive out of state they will track down the car and make you return it. If the car was rented from NY that is a whole different story. You can return it in NY if you rented from NY. I did not make this question up. I'm just giving you the answer. (I think this is a stupid question anyway.)
Do kid models pay taxes if with an agency?
Yes. A child's income is taxable and a parent must file a return if it exceeds a certain amount. A parent can include the income on their return or file a separate return.
If a parent leaves a child with a friend and does not return is that considered abandonment?
If the parent never returned, yes, this is abandonment. Unless something happened to the parent preventing a return that is not known yet.
