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Can the IRS take your half of an inheritance if it is your sister that has the debt?
Wiki User
∙ 12y ago
No. It doesn't belong to your sister until the estate distributes it. The estate will split the money/value as directed by the will or the intestacy laws. You will get your share and your sister will get her share. The IRS can place a lien on her share.
Wiki User
∙ 12y ago
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If a person files bankruptcy and it is discharged and closed it does not they can still take the inheritance to pay back creditors?
Once the debt is discharged, a creditor cannot reinstate it, even if you win the lottery.
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Does syn gates have siblings?
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Can debt collectors take settlement money?
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If you are the biologic daughter then you have the most right to your fathers estate, not your half sisters.
How can your father take back a car from your sister if both names are on the title?
If your sister is under 18 (a minor), regardless if her name is on the title or not, she is not considered legally "of age" - your/her father is her parent/guardian and can exercise his parental authority. Even if your sister is over 18, your father is still half owner of the car and does have property rights to at least half of it, and its value.
What are the disadvantages of using a company that would give me a quick inheritance advance?
When you get an advance on an inheritance before the estate settles, you will not get the full amount. The companies that provide these advances will take a significant percentage of the inheritance, in exchange for the prompt payment and additional risk they take on.
Is it ok to hide from debt collectors?
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What is debt-trap Explein in brif?
Debt trap refers to a situation gives you a debt to take advantage of your situation.
