Entrepreneurship (4th Edition) View more editions Solutions for Chapter 12.1C Problem 1DQ. Problem 1DQ: You Make the Call: Can a Company Patent How It Makes a Peanu...
Proc., Â§ 377.34, punitive damage claims can survive the death of the injured party: but, in most situations, that is true only if the decedent survived the accident, however briefly, or if property of the decedent was damaged or lost before death.Grimshaw v. Ford Motor Co.(1981) 119 Cal.App.3d 757, 829.
Some states recognize only punitive damages in wrongful death suits, and the IRS defers to state law in these jurisdictions so you would not have to pay taxes on them. Complicated rules apply, however, so speak with a tax professional if you think you might qualify for this exemption. Estate Taxes.