You're question is a bit to vague for a specific answer. Generally, money inherited is treated the same regardless of whether it came from a lawsuit or an investment by the deceased. If the suit is still pending at the death of the individual, then the attorney for the asbestos related disease may have to amend the case to include either a Survival Action for the losses of the injured person during their lifetime, or a Wrongful Death Action for the losses of his or her family. Generally, Survival Action money becomes an asset of the estate of the deceased, and Wrongful Death Action money is paid directly to the family or dependants. Any qualified estate planning lawyer, such as one from the American Academy of Estate Planning Attorney (www.aaepa.com) can assist you with such questions.My practice is in Pittsburgh as The Estate Planning Centers at The Coulter Law Offices LLC. Please remember that this is a general discussion only, and is not intended as legal advice upon which anyone should rely. Moreover, I'm typing this reply off of the top of my head as a courtesy, not as a researched answer to your situation. You should consult with a lawyer or appropriate professional regarding you own specific facts and circumstances. Mark T. Coulter, J.D.
A person can do anything they want with inheritance money. Many people buy a home, cars, or save for the future with the money.
"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.
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.
The exact age you must be to be able to control inheritance money varies by state. All states require that you must be at least 18 years of age, and in some states it is 21.
No. The "heir" has no right to that money whatsoever.
A person can do anything they want with inheritance money. Many people buy a home, cars, or save for the future with the money.
"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.
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.
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.
You can't buy money. You can earn money through work or 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
I will get money from inheritance already taxed in Germany. Do I have to pay taxes in California too ?
The reason that school officials would spend money to remove asbestos from school buildings is because asbestos is incredibly dangerous if inhaled. At one time, it was great as a fire preventor, but now it's been linked to all sorts of cancers and is considered incredibily toxic and deadly to humans. Another reason for removal and abatement is that, when disturbed, asbestos causes health problems. Any remodeling of an area has to include remediation of asbestos.
no
Yes.Yes.Yes.Yes.
Trust Fund
no