Saturday, November 10, 2018

Digest for misc.consumers.frugal-living@googlegroups.com - 1 update in 1 topic

trader4@optonline.net: Nov 09 06:46PM -0800

On Wednesday, November 7, 2018 at 4:11:52 PM UTC-5, John Weiss wrote:
> On 11/7/2018 10:54, Beaver_Fever@live.com wrote:
 
> > So if I have like 600k in gross sales (not all profit) and my next of kin can't find or understand my accounting, then the government probably just takes it all?
 
> Nope. Your state probate laws prevail.
 
And if he has a will and executor, then the executor has to make as best sense
of it as he can, prepare any tax returns, and disburse the assets per the will.
Without a will, the probate court will appoint an executor and like you say,
who gets what will follow what is provided for in state law.
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