Legal Question in Wills and Trusts in Louisiana
irs debt
If a person dies owing the IRS, does the person inheriting the residential property become responsible for the IRS debt; If so, how is this debt paid. Is it paid through seizure or voluntary payments?
Asked on 12/09/03, 10:00 am
1 Answer from Attorneys
Perry Staub
Taggart Morton
Re: irs debt
The debt to the IRS remains an obligation of the decedent's estate. In Louisiana, heirs usually accept a succession with benefit of inventory which means that they do not agree to personally assume debts of the decedent. The debts are paid out of the succession assets.
Answered on 12/09/03, 10:45 am
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