How to distribute the remaining assets of an estate?
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How to distribute the remaining assets of an estate?
My dad died 5 months ago so we sold his assets to cover burial expenses. I am left with about $400. His landlord would like the money, but he has significant tax debts. Does this go to the IRS, or the landlord?
Asked on November 29, 2012 under Estate Planning, California
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
From the sounds of things, a certified copy of the death certificate with a letter to the IRS stating your father had no assets at death and request a closing of the tax file, would probably suffice to close the matter, leaving the creditor landlord to be paid the remaining $400.00.
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