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245 items found for "simultaneous death clause"
- Can Your Parent’s Estate Go to Probate?
The executor is responsible for ensuring that creditors have been notified of the individual’s death.
- What a Tangled Web We Weave By Signing Documents We Don’t Read
clients is what documents they have already signed that might dictate how an asset is treated upon their death What happens to a shared asset at the death of an owner depends on what the title or deed says. The bank often calls this a POD or payable on death form, and may not explain it fully. If you have filled out paperwork indicating that an account is payable on death to so and so, that person will automatically become the owner of the assets in the account at your death.
- WORKING WITH A TEXAS LAWYER TO FUND A SPECIAL NEEDS TRUST
The parents’ assets are put into the trust upon his or her death with instructions on how they are to
- Grief And Anxiety Go Hand In Hand
From death certificates and medical bills, to letters from the credit card company and everything in
- Is Regifting My Inheritance Tacky?
Well, it is sometimes called a “death tax” and is imposed on any assets transferred to a beneficiary Death taxes are 40% over the federal estate tax limit.
- Life Insurance for a Professional Racecar Driver? You Bet!
The suggested policy for most families is a term life insurance policy with a death benefit that is approximately
- The 411 on the Generation-Skipping Trust
would happen if the assets were first given to children and then passed to grandchildren at the child’s death
- Not On the Same Page? What to Do if Your Spouse Disagrees With You About Estate Planning
What about the sudden death of your spouse, child, or even grandchild?
- The Inextricable Link Between Long-Term Planning and Freedom
stress associated with the loss of a loved one, incapacity, or the distribution of our assets after death
- 10 Common Mistakes People Make When Applying for Medicaid
Upon the death of a Medicaid recipient there is expanded estate recovery.
- Legal Lingo: What’s The Difference Between A Revocable And An Irrevocable Trust?
policies, funds that are to be used to take care of a minor or funds to be protected until the Grantor’s death
- What Are the Advantages of A Retirement Trust?
They can be managed by a third party, known as a trustee both during your lifetime and after your death