That will depend on how the IRA was set up. It might not be required if your are the listed beneficiary of the IRA.
An estate has to be opened for your deceased daughter. That check will be deposited into the estate account. You need to consult an attorney about an estate if you haven't do so already.
To endorse a check for a deceased person, you typically need to write "Estate of Deceased Person's Name" on the back of the check and sign your own name as the executor or administrator of the estate. This allows the funds to be deposited into the deceased person's estate account.
The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.
You need to be appointed Administrator of the estate.
No. You would need to file a timely claim against their estate.
It is not required. You can make your claim against the estate.
To create an estate for a deceased person, you will need to follow these steps: Obtain the death certificate of the deceased person. Identify and gather all assets and liabilities of the deceased person. Hire an estate attorney to assist with the legal process. File a petition in probate court to open the estate. Notify creditors and beneficiaries of the estate. Pay off debts and distribute assets according to the deceased person's will or state laws if there is no will. Close the estate once all debts are settled and assets are distributed.
Yes, property that is owned but not titled in the name of the deceased can still be considered part of the estate. If the deceased had an equitable interest or a beneficial ownership in the property, it is included in the estate for probate purposes. The estate may need to go through additional legal processes to establish ownership and transfer the property according to the deceased's wishes or state law.
The executor of the estate would need to apply for a lost title at the motor vehicle office in which the deceased lived or the car was registered.
Yes, an executor may need to file Form 56 with the IRS when handling the estate of a deceased individual. Form 56 notifies the IRS of the appointment of a fiduciary to act on behalf of the estate.
In North Carolina, if there is no will, the deceased's estate would generally be distributed according to intestacy laws, prioritizing spouses and then children. If witnesses claim the deceased left the estate to his brothers, this may need to be proven in court, and the court would consider evidence and applicable laws to determine the rightful heirs. Ultimately, it would depend on the specific facts and circumstances of the case.
A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.