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Are executor expenses tax deductible?
they are not a deductable amount. You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.
Can the administrator of an estate be reimbursed for paying property taxes from their own funds?
You should check with the attorney who is handling the estate for the procedure in your particular jurisdiction. Generally, The administrator may file a claim against the estate and file the tax bill with proof of payment. They should be reimbursed from the estate before any proceeds or assets are distributed to the heirs. The issue should also be addressed in the final account for the estate.
What happens to back child support when non custodial parent dies?
That's dependent on state law. Certainly a lien on the estate, but in Missouri, you can also put a lien on the estate of the grandparents. Correct, but what would happen if the individual had nothing in their name, no will, and no estate. that invidivudal was living with elderly parents who were providing room and board
Should i pay creditors that have filed against my father's estate from his bank accounts because their is no property?
Bank accounts are considered to be personal property and personal property is an asset of the estate. Creditors that file a claim against the estate are entitled to be paid from the assets of the decedent before any assets can be distributed to the heirs. They must be paid from any funds in a bank account owned by the decedent.
What kind of funds are appropriated by Congress after a claim is filed by tribes or Indian descendant groups against the US?
Judgment funds
What kind of funds are appropriated by congress after a claim is filed by tribes or Indian descendent groups against the US?
Judgment funds
What kind of funds are appropriate by Congress after a claim is filed by tribes or Indian descendant groups against the US?
Judgment funds
Estate is closed excecutor stole money lawyer really works for excecutor instead of deceaced pre arranged as well as the court system it has 2 be processed in i have no funds what can i do?
You should contact the board of bar overseers in your state to file a complaint against the attorney ASAP. Collect as much proof as you can to support your claim that the executor stole the estate assets with the help of the attorney.
Property owner dies who bonded someone out of jail what happens?
If any funds were returned they would become part of the decedent's estate. If the suspect agreed to pay the funds back, in writing, the funds should be paid to the estate.
Where can someone find information on real estate funds?
Visit Remaxstar Estate Agents Ilford for details about real estate funds. They provide insightful advice that is helpful. For thorough information about real estate funds and investment alternatives, visit estateagentsilford.co.uk.
Can a judgment in California be used against willed property?
Only insofar as the judgment can be levied against the estate of the deceased. Since it can be assumed that the willed property was part of the estate's assets then it can be liened if there are insufficient other funds in the estate's assets to satisfy the judgment.
Is a bank supposed to refused to pay accumulated salaries in a deceased person's bank account to applicants?
Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.Banks do not handle salaries or applicants in regards to an estate. They do not disburse funds after the account owner has died. You should contact the executor and the attorney who is handling the estate.
