IRS Tax liability left to non-involved spouse at responsabil partys death

Status
Not open for further replies.

Tom103

New Member
I'm in Georgia

I have past due federal taxes which I have a payment plan in place and is current. My current spouse is not inviolved with this at all and this was in place prior to knowing her. I'm not sure if I will be able to pay it off at this pace prior to dying. At that time would they (IRS) have access to joint assetts such as the home, cars, bank accounts, life insurance with her as beneficiary, personal property, etc? Or not, because of (as I may have heard), Survivorship laws?
 
I don't know your situation but you are probably best off not having her put items in joint accounts as technically your ownership interests might be seized, depending upon what they are. You should get the advice of a qualified tax advisor and estate planner.
 
Status
Not open for further replies.

Ask a Question

Back
Top