Hello everybody! Welcome to episode 6 (whoop 6, not 11) of Washington probate TV. I'm your host Christopher Small and this is the Internet's most passionate show about probate. Yes, it is. As always, it still feels weird saying that, but that's what we do. We help clients, we help people sort of get into the process, try to make it as pain-free as possible. I can tell you that there's no better feeling than talking to clients and potential clients like I just did today, who are so thankful and appreciative of the service and the help that we can give them to get through the process. Because it's not necessarily always easy, and there are a lot of unknowns. We are there to be the guide and get you through the thing as easily and quickly as possible, with as little friction, pain, and frustration as possible. But today, I want to talk about something very specific that I find personal representatives run into from time to time. It's really just a lack of awareness. So, I want to make you aware, basically. Most people, when they think about someone dying, they think about estate taxes, right? Because we hear about that all the time. But there are other taxes that are owed and obligations that are due that people often forget about. And if they forget about them, it can lead to some interesting problems and challenges down the road. It can lead to fines, penalties, and things like that. So, I just want to address those today so that you can avoid those problems. There are really three sorts of taxes that you really need to think about when, actually, you know what, let's talk about the taxes that you don't need to really think about when you are...
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What happens if a deceased person owes taxes Form: What You Should Know
What Happens if a Person Dies, Sinks into Poverty or Loses the Use of a Limousine or Motor Vehicle? In the event that a person has a serious illness or accident which resulted in death, no estate is given to the surviving spouse or, in other cases, a state What Happens when a person dies and an heir does not apply for a Social Security Number or a Driver's License? No Social Security Number will be issued to a person who has not applied to receive it. What Happens when an Estate Is Settled and the Estate Tax is Not Collected? If the deceased doesn't take or use the property as is intended, if the owner fails to pay as agreed, or if someone takes or retains the property illegally, then the estate can be legally settled in bankruptcy or by the sale of the real property or personal estate. What Happens if a relative of a Deceased Person Donate Money to the Dead Person's Estate? When a person has died, his or her relative can donate any leftover property to the state after it has been used for funeral expenses. However, these individuals are not required to What are the Rules for Relatives of Children of Deceased Person? Children of a decedent are entitled to a survivor allowance (or annuity), which was paid, usually in cash, after death. A person is What Happens if the Child's Parent Doesn't Have Any Assets, and the Child Spends It at a Business or a Hotel? If a child spends money at a business or hotel, the business owner (or manager) may claim a credit for child expenses related to the business, as well as the remaining balance of the allowance, if it is larger than the child's allowable share. What Happens if a Child's Parents Donate Assets to the Deceased Person? Children of a parent, regardless of who their parent's next of kin is, may claim a child allowance, which was paid, usually in cash, after death. A child is usually entitled to these funds after the parent's death or if the surviving parent has not claimed the child as a dependent.
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