Probate tax questions: How are taxes handled in probate?
For federal taxes, you may have to fill out and file one or more of the following forms. (It depends on the decedent’s income, the size of the estate, and the income of the estate): The executor must file any needed state income tax return, state fiduciary income tax returns during the probate period, estate tax and gift tax returns. There may be other taxes, too, like local real estate and personal property taxes, business taxes, and any special state taxes. The executor must also check for taxes owed for years prior to the decedent’s death. You may need a lawyer to help you understand the information. 27. Probate debt questions: Am I responsible for paying the rest of my deceased spouse’s debts? Maybe. If you and your spouse shared the same bank account and credit cards, checks, etc., then you may have to pay the bill. (see getting organized) If the credit cards or accounts were opened with only your spouse’s information as reference, then you may not be liable. Creditors usually col
