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Yes, money can be given away prior to death to someone not mentioned in a will, as long as the person making the gift is of sound mind and not under undue influence. These gifts, often referred to as "lifetime gifts," may have tax implications, such as gift tax, depending on the amount given. However, such gifts will not affect the distribution of assets as specified in the will, which governs the estate after death. It's advisable to consult with a legal or financial professional for guidance on the implications of such gifts.
What else can I help you with?
Is the family allotted money from a deceased account?
It depends. a. If the deceased individual has a legal will, the people mentioned in his will, will be given the money from his account b. If he does not have a legal will, then his legal heirs (spouse and/or children) will be given the money from his account c. If he does not have any spouse or children, then the remaining family members will be given the money
What is it that can only be given from the heart of someone but is torn from the soul if taken?
money?
What eleven letter word is there for money left to someone after a death?
inheritance
How do you know if some one left you some money?
You know that someone has given you money because they crap on you.
What is the six letter word for money that is given for someone to be set free?
ransom
What is the word for money or gift given to someone by a criminal if they do something illegal?
The answer is bribe.
Who receives the benefits or money from a life insurance upon the death of the insured?
Nominee stated in the policy or the legal heir if no nominee is mentioned.
Who receives the benefits or money from a life insurance policy upon death of the insured?
Nominee stated in the policy or the legal heir if no nominee is mentioned.
Who receives the benefits or money from life insurance policy upon the death of the insured?
Nominee stated in the policy or the legal heir if no nominee is mentioned.
How does bail money work?
Bail money is used to make sure someone shows up to court. If they show up their money is given back. If someone uses a bail bondsman they charge a percentage for covering the bond and they don't get any of the money back.
If someone gives u their bank card and the PIN so i can get the money can i get in trouble?
If someone gives you their bank card and the PIN number so that you can get the money out, you cannot get in trouble. The card and PIN were willingly given to you.
Are there any laws on death and taxes due after death?
No , if someone dies and there estate is worth alot of money taxes may be taken out before the money is distributed to the family or heirs. If you have a spouse they will have to still pay the taxes.
