A person who owes something to others is called as debtor or a person who owes money or money's worth to others. By- Nalini & Raje
I don't know who Irs is but it seems you're in a tough situation.
Aging report
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
yes because your still married to him
The company that owes you the money.
The estate can require that the beneficiary pay the money back. Or they may offset the amount against what they get. If there is anything left over, there shouldn't be a reason to make them pay it back.
A creditor beneficiary is one to whome the promisee owes a debt
A creditor nation is a country that owes less money than it is owed. This idea came up during the campaign of Woodrow Wilson after WWI. Even today, the US owes more to itself (individuals, pension funds, etc.) than it does to foreign governments.
AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.
Not really enough info given. If it is YOUR will you can simply reduce the monetary amount of the beneficiary's inheritance by the amount of money that they owe you.
I'm confused... Your the benficiary of what? Life Insurance or a Will? The deceased left debts...and taxes? If you are the beneficiary of a life insurance policy...the proceeds go to you..in full (after paying back any loans taken against the policy), no matter what. Independent of the "estate" of the deceased. If your a beneficiary as in a Will of the decedent...then his bills of whatever type get paid before whatever your supposed to get is available. (If he owes other people they must get paid. It kind of makes sense that he can't leave you money he doesn't really have). Answer2: No. Any debts are paid out of the estate left by the deceased. If the estate is not large enough to cover the debts it ends there. The beneficiary gets nothing but does not assume the debts.
A person who owes money is a debtor. To owe money means that you must pay someone else.
Yes, you can sue anyone who owes you money
Since the tooth fairy owes you money talk to you mom and dad about it and ask why that is.
Sure. Death benefits do not enjoy any preference when the beneficiary owes back taxes. They can also garnish your wages and/or Social Security Benefits. You best bet is to set up a payment plan with then and get the back taxes paid.
A person who owes is a 'debtor' A person who is owed to is a 'creditor'