Anglcake

Is an SS-4 form necessary when an estate is insolvent?

There are no funds in estate to pay this off. Is the spouse liable?

From what I understand SS payments are made for the month previous. For example, Feb. payment is for the month of Jan. so the person is entitled to that payment even if they die in February.

Now I read somewhere that SS looks at the payment as a paper check even if direct deposited so if person dies before the day of receipt of the monies they are not entitled to payment for the previous month as SS looks at it as they never "signed" the check. My husband died on Monday and payment was direct deposited on Wednesday. Does SS have the right to take this back or not?

I collected on 2 IRA's (one quite sizable) my deceased brother named me as sole beneficiary. The rest of his estate went into a trust. Now my siblings are suing me as they want what I collected on the IRA's put into the trust so as for a more equitable distribution. Is this legal? People have told me some states have equity laws regarding this.

My tax bill for 2015 was unusually high this year (around $9,000) due to the fact of the sale of my deceased brother's home (capital gains) and a small IRA ($30,000) that I cashed out. The IRS wants me to make estimated quarterly tax payments for this year (2016) based on this tax bill but those monies received were a one time thing and this year my tax bill will be back to normal. Can I just ignore these estimated tax payments? (I usually get a refund the other years.)

Trustee removed legally from selling home of decedent. Beneficiaries were on deed when house was sold. Now trustee is saying the money from sale of house has to be put back into trust. Is this legal?

Trust/will states all IRA beneficiaries invalid and all monies (non-probate) collected by named beneficiaries turned in into the trust for equal distribution with other heirs in will. If not done, beneficiaries will not get any monies from the distribution from the probated assets in the trust/will. Is this legal?

I collected on my deceased brother's IRA (non-probate) as a designated beneficiary. Now the probate lawyer sent me a letter stating that he will be sending me another letter stating the terms of a trust my brother signed that states to "invalidate all named beneficiaries" and that the IRA is to be split with 3 other siblings. Is this legal? A sibling knew my brother had this IRA naming me sole beneficiary and had him sign this trust the day before he died of very serious illness in the hospital.

I inherited an IRA from my brother. Sister had brother sign a will in the hospital the day before he died from a serious illness and heavily drugged to invalidate all named beneficiaries and all assets to be distributed equally among all siblings. I just received a letter from the probate attorney stating that I will have to share (equalize) the money I received according to the terms of the will at the final distribution of the probated assets. Is this legal? I thought named beneficiaries override wills and trusts.

We (four siblings who had deed transferred to our names before sale) sold my deceased sister's home after making improvements at a profit. Do we each have to pay capital gains taxes?

I just inherited a large sum of money. I'm 67 years old. Where is the best place to invest it at my age? Serious answers only, please.

My brother passed and left me as beneficiary on his IRA. My brother had him sign a will in the hospital the day before he died of Pancreatic Cancer to invalidate all named beneficiaries and that all his assets are to be split amongst 4 siblings. I know a designated beneficiary trumps a will (non-probate asset). Now my brother is trying to get the probate lawyer to deduct what he thinks is his share of my IRA from the assets that are in probate that are to be divided among the 4 siblings. Can he do this?

What do you do with co-workers who always come to you when they need a stamp (don't offer to pay for it), gum, etc. I'm not a cheapskate, but it's always the same people. Why can't they just buy a book or stamps or pack of gum and keep it in their desk or wallet?

I need a notarized Affidavit of Domicile to collect as a beneficiary on an IRA along with the Death Certificate? Where do I get the form? Can I just download a form off the Internet?

My brother (who was dying in the hospital of pancreatic cancer) had me listed me as sole beneficiary on his IRA. A day before be died in the hospital my greedy sister brought an attorney to the hospital and had him sign a will stating that all his assets were to be put into a trust instead after his death and divided equally amongst his surviving siblings and to revoke to revoke all previous listed beneficiaries. Can this will override the designated beneficiaries he already named on IRA s, insurance policies, etc.?

I owe my sister about $20,000 she lent me to pay some bills. I now have the money to repay her. How do I pay her back without the IRS thinking it's a gift and subject to the gift tax?