If there is no beneficiary, joint owner, or trust then the bank account likely needs to go through probate court, which can stretch on for months, depending on the state. If the estate is small enough, then the account may be distributed more quickly via the small estate process. Who can...
they become part of their estate. In this case, the stocks will be distributed according to their will or the laws of intestacy if there is no will. The process of transferring ownership can be complex and
A video uploader with Dangxia Channel on Bilibili was recently browsing her own channel on the video-sharing Bilibili platform when a sudden thought hit her: What would happen to her channel if she unexpectedly died? The more she tho...
What To Do When Someone Dies - A simple guide for executors to settle an estate including funeral, tax and probate tipsScott Richter
What Happens if the Insured Dies During the Grace Period? When an insured individual passes away during the grace period of a life insurance contract, it triggers a series of considerations and procedures that impact the processing and payout of the death benefit. The timing of the mis...
An Administrator is the person appointed to deal with a person’s estate if there is no Will. A Beneficiary is a person entitled to money, property or other assets of the person who has died. Is interest still being paid on this account? Yes, all NS&I accounts keep on earning inter...
Much has changed since then. Business and real estate are booming. Some say a new renaissance is under way. Others decry what they see as outside forces running roughshod over the old Harlem. New York meant Harlem to me, and as a young man I visited it whenever I could. But many of...
If someone dies without an account beneficiary or a will, it gets more complicated. In general, the executor of the estate handles any assets the deceased owned, including money in bank accounts. If there’s no will to name an executor, the state appoints an administrator based on local ...
However, if there is no will and you don’t have a co-borrower or co-signer on your house title, the process is different.What happens to a mortgage if someone dies without a will?If you die without a will or trust, the responsibility falls to the executor of your estate, who ...
The bulk of this series on What to Do When Someone Dies deals with funeral planning and steps for moving through the estate and probate process. However,...