settlement

Question

Dec 11, 2006, 03:35 PM

jevan

New Member

Join Date: Dec 2006

Posts: 12

settlement

My husband is getting a settlement from a pharmisuitcal company. He is on S.S.D. He is not good with handling money,so he wants to sign the check over to me. I will than deposit to my account. MY question is this, This settlement was granted to him becuase he almost died from medication. This money if i deposit into my account,will this be taxed? Should i have him deposit it into his own account or our joint account?

Answers

Dec 11, 2006, 03:42 PM	#2

excon Expert Join Date: Aug 2005 Location: On the outside Posts: 8,308	Hello jevan: I don't believe insurance settlements are taxable. But if they are, it doesn't matter where it's deposited. Whoever owes it, owes it no matter where it's deposited. excon

Answer this Question Ask about Other Law

« Previous Question | Next Question »

Question Tools	Search this Question
Show Printable Version Email this Page	Search this Question: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Questions
Question	Asker	Topic	Answers	Last Post
Settlement??	breezss	Credit	2	Nov 2, 2006 03:05 PM
Should I do Debt Settlement???	mjrBAY	Bankruptcy & Debt	34	Oct 3, 2006 08:07 AM
debt settlement	jpracer37	Bankruptcy & Debt	4	Dec 19, 2005 09:41 AM
Settlement?	jrmint	Bankruptcy & Debt	1	May 2, 2005 06:30 AM
letter for settlement	maureen725	Bankruptcy & Debt	1	Feb 15, 2005 11:28 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!