A morbid question: When someone dies what happens to their last paycheck?

Question

I'm just wondering, no one died that made me aske this.
I have a few scenerios I am curious about.

Scenerio one is...If the person recieved their check, but died before cashing it or putting it in the bank, what happens?

Scenerio two is...If the company cut the check, but the person died before receiving it.

Scenerio three is...the company did not yet do payroll and got notice of a person's death...do they still cut the check?

Oh, I just had another thought, what if they are receiving unemployment?

Okay, finally my last thought, does someone file taxes on their behalf, or does the goverment luck/lose out.

(Now cross your fingers or pray that I don't ever have to really find out the answers to these questions....but thanks in advance for the answers.)

Answer 1

Well, when you fill out your employment papers you had to name a beneficiary and that is who gets your last pay check .

And a survivor will file their last tax return on their behalf, usually a spouse or a close family member.

Good Luck!

Answer 2

To all of the above, any amounts owed to the deceased become property of the deceased's "estate." In the case of payroll, obviously, the paycheck should be adjusted for any portion of the pay period after the person dies. I'm not sure how a bank would handle this check made out to a dead person, likely the executor or trustee of the deceased's estate (normally someone indentified in the will) would just deposit the check into the deceased's checking account. The bank account becomes property of the estate and is disbursed according to the terms of the will or federal/state laws if the person died intestate (without a will). Part of the closing up of the estate (deceased person's property) includes filing a final tax return for the deceased. This is also normally handled by the executor or trustee of the state in a process called probate. Don't worry.....the IRS always their money and they also require an estate tax for the estate of the deceased before it is passed to heirs.

Answer 3

This happens all the time.

As for the tax situation, the decedent (dead person) still has to pay taxes for that year (up until his death). The decedent's executor (person handling the dead person's estate) will file a tax return for him/her. If the person did not denote an executor in a will or other testementary document, then the court will appoint one. There are strict statutory guidelines for the time that all of the taxes and notice of death have to be filed with the IRS and the probate court. The timelines will vary from state to state.

As for the check situation. An employer is obligated to pay the decedent for the work that he/she performed. The employer will have to turn over all proceeds to the decedent's executor or stated beneficiary.

Answer 4

You really should get a life; but here goes on the checks. The persons personal representative handling the estate would deposit the check into an estate account with the court and life would go on. A tax return has to be filed by the PR for the deceased to close out their tax life, too. The government never loses out; that is a given.

Answer 5

All three of your scenarios are treated EXACTLY the same. The last pay check, along with anything else the person owned at the time of death is part of their 'estate'. After the executor of the estate settles any debts, whatever is left is distributed according to the terms of the will. If no will exists, the states probate laws have one for them. The executor is required to file a 'final return' with the IRS. The only effect unemployment could have is that any part of the check covering time after death would have to be returned.

Answer 6

Scenario #1 & #2, The next of kin, if there is one returns the check which is then re-issued to the estate. Scenario #3, The company issues the check to the estate, of the decedent. As to any taxes due, these are paid by the executor (executrix) of the estate. As to the unemployment issue, the check is returned, and a pro-rated one is issued to the estate.

Answer 7

Samantha, I recon you're a Brit (judging through the time zone and what you're saying interior the 'upload information section') and also you're lower than the effect of alcohol!!!! (previous due Saturday nighttime). definite, you'll die sometime, yet it really is something we can all ought to face finally. no human being is ordinary with for absolute particular, yet I have seen a minimum of a few information of survival of the soul after the shortcoming of life of the particular body. One nighttime, many years in the past, a collection of acquaintances and myself had a seance. It did not volume to a lot, because it replaced into manage as a form of parlour sport, the end results of this 'parlour sport' replaced right into somewhat disappointing. i replaced into genuinely an invited concentrated visitor, so please excuse the frustration. The spirit that made contact had no longer something to assert yet mumbo jumbo, yet non-the-a lot less, something got here by to communicate! The table that replaced into used, replaced into lower than suitable, because the human beings that rented the valuables saved it lower than sparkling, and therefore, the table replaced into lower than flat! therefore, at the same time as the glass moved, it had to levitate to have the capacity to bypass, per chance a million/sixteenth of an inch above the floor of the table. despite the indisputable fact that if the spirit ought to genuinely talk nonsense, it replaced into nonetheless waiting to bypass the glass. this is the most astonishing situation I have ever witnessed. It replaced into like speaking with someone from yet another planet. despite the indisputable fact that if this isn't information of something, it truly is a sturdy hint that when we die, we are residing to tell the tale in a unmarried style or different. I strongly believe - partly because of this adventure - that our souls live to tell the tale lack of life of the particular body. income out of your life if you're able.

Answer 8

A person is entitled to their paycheck. Their beneficiary if listed would receive it, or their legal next of kin, or it would be mailed to their last known address.

For unemployment, they would be entitled to all or part of the week that they died depending on the day that they died.

For social security, the check for the month that they died has to be returned which is incredibly stupid, but hey, that's our government.

Yes, taxes have to be filed even when you are dead.

Answer 9

tell your "someone" to get Direct Deposit and get his account # and check card so when death comes you can spend it all