I have a timeshare that I can not make the payments for. Later on in life if I inherit money and things such as that, will I be forced in to paying these things off that I have not paid for? I have heard this somewhere before. Thanks.
217754
after a certain amount of time, they wont go after you, but if you owe and receive the inheritance say tomorrow, it will all depend on how the will is structured. If there is no will and it is a straight next of kin arrangement, they sure can go after that money. Not only that, but any unpaid debts of the benefactor can be deducted from the amount of the inheritance.
571902
It depends on where you live . Here in the United States the law states that there are class inheritors , first class being husband wife , second class being children brother sister mother farther , third class being anyone else . You can leave your worldly goods to anyone you choose , but the first and second class inheritors have a right to make a claim against the estate and if they challenge the will in court they can get a portion . There is also the issue of Taxes First Class  inheritors pay no taxes on an eastate valued up to a certain amount , second class inheritors pay no tax on an estate valued up to 300 thousand dollars , third class inheritors and this is where it gets tricky , if you are a third class inheritor cousin nephew or nice you pay taxes but the amount is extremely lower than a non blood relation . If he has a will and leaves everything to his partner he can loose part of the estate to the relatives and he will have to pay heavy taxes on what they don't get , the taxes could be up to 30 % from the first dollar amount . The way to avoid this is to have a living trust and the entire estate is put into the trust and each one of them is on the trust as a trustee and can put in or take out anthing in the trust anytime , when one or the other dies the trust will pass directly to the suvivor . A will is still necessary in order to secure the wishes of the deceased . They can also adopt each other .
422858
have you checked on deferment. They have a lot of options. You can get it deferred if you are underemployed (not making a lot). They also have a income sensitive repayment. You pay 4%-50% of your monthly income at long at it is at least the interest. You can also pay interest only for up to 4 years. Interest will accrue but look on the bright side..when you die, it's paid off. I would contact the place you have your loan and ask them about these. If you have more than 1 loan, I would consolidate them and just make one payment.
428050
To be honest, it would be better for all of you if you could work something out with your sister because the present interest holder (meaning your mom) in a reversionary life estate cannot do anything that would dimish the value of the property and she also has a duty to maintain the property.  If it has been vacant for an extended period, anything could have happened over there.  \n\nYour sister may have also included a right of termination in the life estate or reserved some sort of right of entry if for instance your mom had to go into a nursing home.  There are all kinds of unknowns here both in how your sister set this up and the law in your state. \n\nLong story short, you may not be able to stop her.  \n\nWhy don't you just go with her or simply remove anything from the house that your mom does not want your sister to have access to?  It would seem to be the most painless compromise for all involved.
621276
It depends on the type of inheritance you are receiving personal, corporate, trust, etc.\nYou also didn't state where your bank account is (U.S or Canada).\nTalk to an expert in inheritance laws, before you do anything you may regret later.\nGood luck to you!!
255284
Ooooohh ... that's a really sticky situation.  My guess is that you're going to have some big family problems with this one.  Have you told the executor that the debt was forgiven?  Do you have it in writing?  If you don't have it in writing that the grandfather refused to accept the money and the debt was forgiven, you're going to have a really hard time proving anything.  I'd retain a lawyer if you're going to fight it.\n\nAlso, you should consider if the damages to the family relationships are worth the $60K.  Some family feuds can go on for years and years.
639007
Suck it up and pay them off.  You'll have to do without some luxuries for a little while but the only way to get around them is to pay them and not go back for another.
59457
Depending upon the state you live in...in the event of her death (sorry), you will probably inherit under community property laws. In the case of divorce, you just might be out a whole bunch of money. There is, however, some credibility towards you owning at least a piece of the equity based on the amount you pay. If she owned the house prior to marriage, it, generally speaking, is hers unless you end up on the deed. Get a lawyers opinion (sorry again).
377434
The fact that you tried to make payment arrangements but were unable to keep will not make this any easier.  I can't speak specfically for AZ.  Unless you can prove that you do not owe the tax I doubt that the levy will be removed.  You need to go back and set up new payment arrangements that you can stick to.  I understand that other things come up that sometimes make it difficult.  BTY, if your employer is responsible for the mistake is it possible for him/her to help you out with this?  Explain to the state of AZ why you could not keep the prior arrangements - you need to be completely honest on this point.
576999
You dont pay estate taxes on anything under $4 MILLION.  so unless your parents have more than that, you wont pay a dime.\nOnly about 1 in 250 people will ever be affected by it.
541734
Yes, you will need to pay CGT, no matter what you do with the sale proceeds. If you have ever lived in the house, however, you will be eligible for a relief proportional to the period of ownership when you lived in it. In addition, you may be eligible for taper relief of the property as a non-business asset, which reduces your liability depending on how long you've owned it - see table in link (which is a list of FAQ for CGT you may find useful in any case)
369064
Life is long, you'll have time to eventually pay them back. Don't worry about it now. Wait until you land a new job, then you could take them out to dinner or whatever. Be patient.
455779
There are agencies that will help you sell your timeshare, much like a realtor.  They do, however, take a bite out of your profits.
368844
The next of kin usually has to pay...........I would talk to a mortuary (funeral home) and talk to them about payment plans, and inexpensive means of burial or cremation. As for a ceremony, there is nothing in the rule books that say you can't have it at home. I would ask the funeral director first and find out for sure....good luck
407592
I'm in Australia.  As far as I'm aware the estate of the deceased person is required to pay the outstanding debts.  So your mother, as beneficiary, is required to pay the debts out of the money that was left to her, rather than out of her own money.  If there is insufficient money in the estate, then it will not be necessary for her to make up the shortfall.
457668
I don't think that you can get monies that are reserved for "future treatment". You made a very poor decision to accept the settlement being that the amount wasn't sufficient to cover your debts.\n   You can contact the lawyer that has the paperwork relating to this deal, and see what your options are.
273173
His estate is liable for it.  If there's an executor, they may be bound to settle the debt, depending on the agreement grandfather entered into when the debt was created.  You should consult an attorney.