My Dad has set up household in Thailand. He has remarried in Thailand, living there now for 10 years. He has neglected his debts in U.S. One of his debts is huge with the IRS. Who is responsible for payment of that IRS and other debts when he dies? It isnt me is it?
2006-08-02 04:38:28 · 4 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
He doesnt have any estate here in the states. He doesnt have anything here in the states. He just has a house in Thailand and his retirement and social security income....
2006-08-02 04:58:46 · update #1
When my dad died, I was the administrator of his estate. In Florida, the estate is required to post a notice in the newspaper notifying anyone that if they have any claims on the estate of the deceased to contact the attorney listed. Any debts not declared before the deadline had no further way to get repaid.
Don't worry, heirs are not responsible for any debts of the deceased. The IRS will have to file a claim against whatever U.S. assets your dad had. That probably won't leave any money for his heirs, but you won't have to pay anything yourself.
2006-08-02 04:55:04 · answer #1 · answered by Mama Gretch 6 · 0⤊ 0⤋
Its not your debt. However, the agency may place a claim against his estate in attempt to settle the debt.
2006-08-02 04:47:22 · answer #2 · answered by midnightdealer 5 · 0⤊ 0⤋
The above two answers are correct. Hopefully he can hide it from IRS so you can have the benefit.
In the meantime, while we're on the subject of tax, check out this link - see what your government is doing for 'the people'.
http://www3.capwiz.com/y/webreturn/?url=/results/issues/alert/?alertid=8820346
2006-08-02 04:59:25 · answer #3 · answered by Jeremy D 5 · 0⤊ 0⤋
No it isn't. They might sell some of your fathers assets though.
2006-08-02 04:44:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋