It’s worth noting that personal property coverage typically does not extend to tenants’ belongings. As such, landlords should strongly encourage their tenants to obtain renters insurance to protect their pers
as it directly impacts the preservation of the deceased individual’s legacy and the equitable distribution of their assets. A funeral plan serves as a pivotal component of estate planning, encompassing the arrangements and financial provisions for end-of-life ceremonies and the subsequent...
A life estate is a property, usually a residence, that an individual owns and may use for the duration of their lifetime. This person is called the life tenant and shares ownership of the property with a second person. The second person is referred to as theremaindermanand automatically rec...
Level term life insurance isn’t right for everyone, but in the right circumstances it can be a useful tool. In the U.K., people typically explore life insurance when they have big assets or loved ones to protect. If you die with a mortgage, life partner and / or children, you may ...
How does GUL work? 3. Pros & cons of guaranteed universal life insurance Guaranteed universal life (GUL) insurance is one of the most affordable and convenient types oflife insuranceyou can purchase to get lifelong coverage. GUL policies come with fixedpremiumsand a fixeddeath benefit, so you ...
Just remember to update your estate plan following major life events. For instance, if you created your estate plan when you were single and childless, you will likely want to revise your plan after getting married or having children. How much does estate planning cost? Estate planning costs ...
Most rent controlled units are older, but the laws can apply to new construction too. In order to get new rental buildings approved, real estate developers in some cities have to guarantee that a certain number of units will be rented for below market rates. This is sometimes paired with i...
Does your employer own your intellectual property? Most employment contracts have a clause that states the employer owns any intellectual property you create as part of your job during your employment. What is not intellectual property? You can’t protect an idea, but you can protect how you cr...
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5. Estate Settlement: If the unclaimed life insurance policy is discovered during the settlement of the deceased’s estate, the proceeds may be distributed along with the other assets through the probate process. Consult with an estate attorney to understand the steps required to include the policy...