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My wife was named personal representative for his estate. His bank account had about 350 in it, his mobile home is falling apart, he doesn’t own the land it sits on, and about the only thing he has of any value is his truck (maybe 5-7k). The property manager told us they would give us 1k for the trailer. Digging through his papers it looks like he owes more than that to the irs. We figure the funeral expenses are about 5k which we will be primarily paying with credit cards for now, at least depending on the answers here. The state of Maine department of motor vehicles is saying we can apply to have the title moved Into our name, effectively making it ours. Does the irs have any way to come after us for any value the truck held as there are no other assets they can use to recover the back taxes? Should we not take ownership, sell it in his name, deposit the money to the estate account and possibly lose any extra money after the funeral is paid? This past week has been crazy trying to get things in order, any advice is much appreciated.



Submitted March 05, 2018 at 01:41PM by Pinetreeninja http://ift.tt/2FiUNN8

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