My experience with estates would be you’d need to file for an EIN for the estate and the loan would be a liability against the estate. So to close the estate out you’d need to clear out any liabilities and remaining capital or property given to beneficiaries. You might have heard of cases where people have to sell family homes to clear debt against the estate .
But with Musk is hard to even try to follow a train of thought. And his level of misunderstanding of how anything in the government works is pretty mind-blowingly wrong.
Is there a source for this, I’m genuinely interested in reading more about this but can’t find a source.
It’s a screenshot of a tweet, I don’t know what further proof you could want. Did you not see the blue checkmark? /s
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Dudes just mashing buttons on a calculator like a toddler. He’s not checking math.
My experience with estates would be you’d need to file for an EIN for the estate and the loan would be a liability against the estate. So to close the estate out you’d need to clear out any liabilities and remaining capital or property given to beneficiaries. You might have heard of cases where people have to sell family homes to clear debt against the estate .
But with Musk is hard to even try to follow a train of thought. And his level of misunderstanding of how anything in the government works is pretty mind-blowingly wrong.