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Inheritance money is typically divided according to the deceased person's will. If there is no will, the money may be divided according to state laws of intestacy, which outline how assets are distributed among family members. It is important to consult with a legal professional to ensure that the process is carried out correctly.

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AnswerBot

1y ago

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Related Questions

How can you refuse an inheritance?

Simply refuse to accept it. The inheritance will be divided up among the remaining heirs.


Inheritance money what do you do with it?

A person can do anything they want with inheritance money. Many people buy a home, cars, or save for the future with the money.


What is inheritance cash?

"Inheritance cash is just like any other inheritance, except it's money as opposed to land or a house or other assets." An inheritance is something that is left to you by a family member who has passed away. Inheritance cash is just the money form of an inheritance.


How can you get an inheritance loan?

You can get an inheritance loan to get money more quickly when you are due to inherit money or get a legacy from someones estate. There is often a delay in receiving your inheritance while the estate that the money is coming from obtains probate. Companies specialising in inheritance loans will lend you money while probate is being obtained.


Is inheritance income taxable?

money that has been inherited has already been assessed for inheritance tax based on the amount left in the deceased estate. Once you have inherited the money you are not liable for inheritance tax.


How can you buy money?

You can't buy money. You can earn money through work or inheritance.


If Moms estate is divided 4 ways and you die before the sale of house is bought will the money still be divided 4 ways or just 3 now?

In four ways and the share of the deceased child will be payable to the estate of the deceased child. If the right to take under the will has vested in a beneficiary, then the beneficiary's right to the inheritance cannot be taken away just because the inheritance has not been paid out.


My husband received an inheritance we live in Virginia if we divorce am I entittled to any of it?

It depends on the wording of the inheritance. If you are already divorced, no, you are not entitled to any of it. If you are in the process, it is an asset that will be divided.


Being in a chapter 13 bankruptcy do you have to turn over money from an inheritance?

Should money from an inheritance be turned over in a chapter 13 case? the case was filed at least 12 months before the inheritance


What do you pay if you have an inheritance that arrive from a different country?

I will get money from inheritance already taxed in Germany. Do I have to pay taxes in California too ?


Do you have to claim inheritance money when filing for financial aid for college?

no


Where to put money from an inheritance for a young man?

Trust Fund