If the deceased taxpayer owes taxes, funds in his estate are used to pay off the existing debt. Generally, the person managing the estate will endeavor to pay the tax liabilities from liquid assets such as cash in bank accounts. However, they may need to sell assets and property in order ...
encompassing the dead person’s properties as well as obligations, plays an important part in identifying just how the mortgage will be settled. This may require selling off the property or selling off various