What can the IRS take for tax bill from my mothers estate?
My mother died recently with no will. We think she owes money to the IRS, but we are not sure how much. Her life insurance named my sister beneficiary. She had about $1000 in the bank and a small stock account worth about $1200. If those accounts named a beneficiary (not the estate), can the IRS take those to satisfy her debt? She rented her house, so we moved her stuff into storage. It is old furniture, tools, kitchen stuff, clothes, TV's, etc. (Nothing worth more than $100 by itself.) Will the IRS seize that to pay the debt? What about credit card bills? Do we have to have an administrator since the estate is insolvent?
Answered By: David Hoines Law
from what you say, there is no need to open an estate, so the IRS has nothing to claim against
Answer Applies to: Florida
Replied: 7/14/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Florida
Replied: 7/14/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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