Is it wrong that I can't cry about my mother's death?
My mom died on October 31, 2002. She committed suicide by hanging herself, she was only 25 years old and I was 3 years old at the time, now I am 20 and I feel like I don't miss her or even know her, other people cry when I even talk about her but I can't cry. I don't have any memories with her, my grandmother died when I was 14 and I always cry when I think about that, but not my mom. Is this wrong?
If I receive money after the death of my father, is it taxable?
I’m assuming your father was a U. S. citizen. I cannot speak for other countries. In the U. S., if you inherit money from your father, it is not subject to income tax unless it would have been taxable to your father. For example, if you are beneficiary of your father’s tax-deferred retirement plan, the portion that would have been taxable to him if he had drawn it out will be taxable to you. The same would apply if your father was a landlord and you inherited money that would have been rental income to your father. As for transfer tax, that is taxable to your father’s estate rather than to you in almost all cases. Most money or property received as an inheritance is not taxable. Some examples on non taxable inheritances are: a bank account, life insurance proceeds, a car, or safe deposit box contents. If in doubt, check with the person responsible for winding up your father’s affairs. That could be a probate attorney, a personal representative, a trustee, or the person in charge of his final affairs.
Is the money received from your mother's account being nominee taxable?
Absolutely not…but read belowIt would depend on a lot of other aspects like:1. Nature of amount received eg. Insurance proceeds, FD maturity proceeds, etc.2. Whether the nominator is deceased or not? For instance, any Interest or FD proceeds or any other asset received consequent to death of nominator does not partake the nature of income in hands of recepient (nominee), since its an estate devolving upon them (Inheritance).If you want to know the IT law then■■The provisions of section 56(2)(vii) inserted w.e.f. 1.10.2009 are not applicable in case the specified properties are received from a relative or in other prescribed circumstances. In the following circumstances the prescribed amounts or the value of the property received are not chargeable to tax u/s 56(2)(vii)- (a) Any receipt of sum of money or any property from any relative; (b) Receipt on occasion of the marriage; (c) Receipt under a Will; (d) Receipt by way of inheritance; (e) Receipt in contemplation of death; (f) Receipt from a local authority as defined in the Explanation to section10(20); (g) Receipt from any fund or foundation or university or other educational institution or hospital or other medical institution or any trust or institution referred to in section10 (23C); (h) Receipt from any trust or institution registered u/s 12AA.■■
Is the money that I receive from my father each year taxable?
Let me first paste something here from the income tax act and then answer it in simple terms. where any sum of money, the aggregate value of which exceeds fifty thousand rupees, is received without consideration, by an individual or a Hindu undivided family, in any previous year from any person or persons on or after the 1st day of April, 2006 6[but before the 1st day of October, 2009], the whole of the aggregate value of such sum:Provided that this clause shall not apply to any sum of money received—(a) from any relative; or(b) on the occasion of the marriage of the individual6a; or(c) under a will or by way of inheritance; or(d) in contemplation of death of the payer; or(e) from any local authority as defined in the Explanation to clause (20) of section 10; or(f) from any fund or foundation or university or other educational institution or hospital or other medical institution or any trust or institution referred to in clause (23C) of section 10; or(g) from any trust or institution registered under section 12AA.Explanation.—For the purposes of this clause, “relative” means—(ii) brother or sister of the individual;(iii) brother or sister of the spouse of the individual;(iv) brother or sister of either of the parents of the individual;(v) any lineal ascendant or descendant of the individual;(vi) any lineal ascendant or descendant of the spouse of the individual;(vii) spouse of the person referred to in clauses (ii) to (vi);]This means that if you receive any money from a relative other than on the occasions mentioned above over Rs. 50000 in a year the same is taxable. HOWEVER Rs. 100000 received is well within the taxable limit. Hence you can declare the same in your ITR under income from other sources and not have the same taxed. PLEASE NOTE THIS IS NOT AN ADVISE FOR TAX EVASION JUST A RECOURSE TO YOUR PROBLEM or ANSWER TO YOUR QUESTION.
After death-- how long to recieve insurance money?
If her husband had life insurance and she is the beneficiary the insurer will almost always pay within 30 days on a valid claim - and often within a week of getting the death certificate. It's also a good idea to send them a copy of the obituary. BUT if the estate is the beneficiary she may have to wait until the estate is settled before getting the money - and then only after his estate's debts are paid. I know you feel for your friend, and you want to help. Very admirable. Just please make sure you know what you're getting into, and please, please get an agreement in writing as to when she will pay you back. Be sure not to say "as soon as she gets the insurance money". Put a specific time table for repayment. It has nothing to do with trust, and I'm not saying she's scamming you. But with your most important relationships better to make sure everyone is clear about what is supposed to happen so you can minimize miscommunications that can only lead to angry, hurt feelings and lost friendships. Good luck!
I lost my mother's Death Certificate? Help anyone?
You will need to know your mom's full name, the date of her death, and the county she died in. You will need to contact the County Recorder in that county, fill out a request form, and submit it along with the required fee. Usually they can give you the copy right away, if you go in person. If you mail the request in, it may take acouple of weeks to receive the copy.
My Mother died, and her landlord is demanding rent money? What is the law there?
She died on the first, and her rent was paid through the first. Don't we legally have thirty days to evacuate the premasice? How do I deal with this slum-lord? Couldn't he use the security deposit?
What does it mean to dream of a dead relative giving you money?
To see or win money in your dream indicates that success and prosperity is within your reach. Money represents confidence, self-worth, success, or values. You have much belief in yourself. Alternatively, dreaming about money refers to your attitudes about love and matters of the heart. It is a common symbol for sexuality and power. In particular, finding money indicates your quest for love or for power.To dream that you lose money suggests that you are lacking ambition, power and self-esteem. You are experiencing unhappiness and setbacks in your waking life. You may also be feeling weak, vulnerable, and out of control in your waking life.To give or spend money in your dream is analogous to giving love. You are looking for love. To see others giving money away suggests that you are feeling ignored, overlooked or neglected. Someone is not paying enough attention and showing enough affection toward you. If you are hogging or hoarding money, then it denotes insecurity or selfishness.To dream that you have no money indicates a fear of losing your place in the world. You are lacking the abilities needed to achieve some desired goal. If you are borrowing money in your dream, then it suggests that you are overextending your resources. You are spreading yourself too thin.To dream that you steal money forewarns that you are in danger. You need to be more cautious. On a positive note, the dream indicates that you are finally going after what you want in life. Alternatively, stealing money means that you are lacking love. You are desperate to be accepted.To dream that you receive the wrong amount of change depends on whether you were shortchanged or not. If you were shortchanged, then it is analogous to low self-esteem issues. You feel unworthy. If you receive more change than you were due, then it signifies your inflated ego. You feel entitled to certain things.Dreaming of money with blood on it means that you are achieving certain gains at the expense of someone else's livelihood. Your dream may also indicate your guilt about accepting something that you know was wrong.To see your relatives in your dream signify family issues and feelings. Relatives are symbolic of some aspect of your own self.
How can we withdraw money from a dead person's account?
You can not withdraw any amount from a deceased’s bank account and shouldn’t too even if you yave a signed cheque or the debit card with pin. You should inform the bank about the death preferably in writing and submit a copy of the death certificate. Bank will freeze the account and issue application for claiming the balance by nominee or legal heirs depending on whether nomination has been given by the deceased or not. Claim from nominee will be settled easily but if there is no nomination then all legal heirs have to submit the relevant application and balance in the account will be paid in accordance with the laws of succession of the religion of the deceased.