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| ??? Inheritence and Property Foreclosure/lien
Does anyone know if a person who is set to inherit money/stocks can have that money/stocks taken away to pay a property tax lien on their home?? I "think" if you owe child support they can do this, but, don't know about a property tax lien. Any clues? |
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I settled a work comp claim for several thousand dollars. Before the settlement could be approved by the state, I received notice from Child Support Enforcement that they had a lien on any settlement this person was to get. Come to find out, this person was over $25K in arrears (hadn't paid any childsupport in 10 years). I was more than happy to give Child Support the money! Only in an instances when the person may not realize or may not know that taxes were owed can I see arguing that a lien shouldn't be placed on an inheritance.
__________________ Mental that one, I'm telling you. ---Ron Weasley, "Harry Potter and the Chamber of Secrets" |
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Property taxes are owed to a town or mortage holder. Neither of which has any involvement in estate distribution. If Grandma in NJ dies and leaves me 20k, there is no way anyone in some town in Missouri can get to that money before it is distributed to me. Now, if I had fallen on bad times and couldn't pay property taxes, I can't imagine not paying them out of a duty. But, the town or bank can't get to the money and put a hold on it. That is why the town can put the house up for sale and the mortgage company can foreclose if it wants to. Any State or Federally distributed fund in an entirely different animal. |
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I would LOVE to say "I can't imagine why anyone would ask this" because I know *I* would never think about it since I take personal responsibility for my actions (and debt). However....I think people like me are not too common anymore
__________________ Proud to say I haven't shopped at a Wal-Mart since Sept 2003 |
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methnks if the taxng agency is aware, they can pursue payment via a lien, judgement, or court order or however that is handled in the particular area. This is a black and white issue - the money is owed. Of course, it's doubtful the taxing agency knows the person stands to inherit. How foolish to not pay property taxes because eventually that lack of action can cause the property to be lost......and these are the types who cry foul that nothing is their fault ! dl |
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dl |
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Around here if you do not pay your property taxes, you are mailed a notice to pay. If you do not pay then they put ads in the paper for auction. This is the last chance to pay your taxes. Taxes come out first from the taxes then the owner (mortgage holder) gets the rest.
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I am planning to contact the taxing agency to see if they are "interested" in this information about inheritance, adn also the company taht has the lien on the property. Based on the replies here I am not sure anything can be done but I will at least do what I think I should and alert them to the fact that this person will be inheriting money. Maybe tehy can put a lien on the inheritence? |
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| this is not the deceaseds tax bill, it is one of the heirs' bills. How do you know if all the bills are satisfied? Is that what the ad in the paper is for? i have seen these and wondered.
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Going to ignore the above for now. As for your original question, obviously there was a death, hence the "inherit money/stocks, correct? Which means probate is finished, or near finished and the disbursement is next. If true, your question is more of, since your expecting this inheritance of money/stock, can someone intervene and take the money/stock to be used for the past due tax lien for another heir (other then YOU). Are you the one and same person, or married to him/her, related somehow? Too many variables. But no matter, Answer: NO, can not be touched unless deposited in an account that has a guarnishment attached to it. AS Suze Orman would say "NEVER add your spouses name to anything inherited", big mistake. Last edited by freebienutt; 05-30-2010 at 03:12 AM. |
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Not true, at least in one state / case that I have personal knowledge of - an inheritance WAS used to satisfy back child support and a documented debt. dl |
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| note the words garnished account |
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| fn - an inheritance does not have to be in a "garnished account" for the creditor to pursue. A court ordered judgement will accomplish the same, however the check is cut to the creditor directly out of the estate. This amount comes out of the affected person's proceeds only, as in "off the top" and affects no one else standing to inherit. The key is that it is unlikely a creditor knows that someone stands to inherit, unless, ummm tipped off...... dl |
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Thank you! |
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