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What else can I help you with?
Am I responsible for credit card debt or tax debt on death of spouse?
The estate of the spouse is responsible. IF both are on the same checking account then the FULL amount of that checking account can be considered the spouses estate too. Even if the account is closed just prior or just after death, then the amount in the account months prior is still considered a portion of the estate.
Are checking accounts part of residuary estate?
Yes, unless the account has a listed Payable on Death beneficiary or the account was specifically devised in the will.
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
Do you have a right to see your parent's checking account if they have both died?
As an individual, you generally do not have an automatic right to access or view your deceased parent's checking account. After their death, the account typically becomes part of their estate, which is subject to the probate process. Only the appointed executor or administrator of the estate would have the legal authority to access and manage their financial accounts.
Does the decedent's income tax refund check belong in the estate checking account?
Yes, the decedent's income tax refund check typically belongs in the estate checking account, as it is considered a part of the deceased person's assets. However, it's always advisable to consult with a legal professional or estate administrator for guidance specific to your situation.
Can the estate claim the balance in a checking account if you are also on the account?
Yes. However, consult a local lawyer and they would be able to address your specific issue better.
Who is repsonsible to pay a credit card when the holder dies?
The estate, or any person who was listed on the account. The debt must always be settled.
Executrix of estate account dies and is only one who has signature rights What can be done to close account?
If the executor dies before the estate is settled then a successor must be appointed by the court. Another person must notify the court of the death and ask to be appointed.
Is it allowed for the administrator of the estate not to distribute the proceed of the estate after it has long been settled?
The estate is not settled until the final distribution is made. The heirs shouldn't sign off on the estate until they have received distribution of their shares. If the administrator tries to file a final account prior to distribution, thereby closing the estate, the heirs should object and notify the court that they haven't received there shares in the estate. Nothing should be left "up in the air" once an estate has been "settled". If there are issues remaining now that the estate had been closed you will need to consult with an attorney who can review your situation and explain your options.
How can you donate to children to children?
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
How can you donate to Michael Jackson's children?
Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.
If you had a joint checking account with your deceased mother will you have to put it an estate account?
Yes, typically when one of the joint account holders passes away, the joint account automatically transfers to the surviving account holder. However, it is advisable to consult with a legal professional to determine if any specific actions need to be taken, such as transferring the funds to an estate account.
