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  1. #1
    boodlerooster is offline Junior Member
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    Heir to an estate dies before proceeds are distributed

    What is the name of your state?What is the name of your state?Pennsylvaniaundefined
    An estate has taken a few years to settle. It settled a few years ago, yet the cash has not been distributed due to delays in accounting, etc. The heirs receive statements and pay taxes according the income earned by the estate. What happens now, when one of the heirs to the estate dies. Does that share now get re-distributed, or does the Estate of the heir own that portion when it eventually gets distributed
  2. #2
    divgradcurl is offline Senior Member
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    Does that share now get re-distributed, or does the Estate of the heir own that portion when it eventually gets distributed
    The share of the person who dies will be distributed to that person's heirs. So, if you and, say, your brother each got half of your parent's estate, but your brother died before the estate settled, his half of your parent's estate would go to HIS heirs -- your nieces and enphews, most likely -- not to you, unless you were named in his will as an heir.

    Now, things might be different IF the one heir had died BEFORE the original estate owner died, but in this case, since the heir outlived the original estate owner, the heir's share will go to his own heirs.
  3. #3
    boodlerooster is offline Junior Member
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    heir to an estate dies before the estate is distributed

    Pennsylvania
    Thanks for your quick response. I have one more question. Since the bank is handling this estate settlement, and it has taken years to settle. All the heirs have been receiving checks and paying taxes based interest payments received on the money in the estate. The bank has also furnished the heirs statements for tax purposes. If one of the heirs dies before the estate is distributed, and the heir had a will, Does the bank now issue the interest payments to the "estate of the heir" rather than to the heir directly?
  4. #4
    BelizeBreeze is offline Senior Member
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    Quote Originally Posted by boodlerooster
    Pennsylvania
    Thanks for your quick response. I have one more question. Since the bank is handling this estate settlement, and it has taken years to settle. All the heirs have been receiving checks and paying taxes based interest payments received on the money in the estate. The bank has also furnished the heirs statements for tax purposes. If one of the heirs dies before the estate is distributed, and the heir had a will, Does the bank now issue the interest payments to the "estate of the heir" rather than to the heir directly?
    The estate.

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