What is Probate? When a person dies leaving a valid will, a grant or representation may be needed to be able to legally manage the deceased’s estate. An estate is a person’s money, possessions, and property. Where there is a valid will, this grant is known as a grant of probate....
In the initial hearing, the probate court appoints theexecutorfor the deceased's estate. The executor (or administrator, if there's no will) is responsible for distributing the deceased's estate to the proper beneficiaries, among other administrative duties. The court provides the executor with Le...
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If you or your business need a bond, it is very easy to get one. Surety bonds are distributed by bond brokers and agents. To get bonded, you first need toapply. After that, the bond agency will contact you and tell you what is needed to get your bond completed. Typically, bonds req...
Probate and Distribution of Assets Challenges for the Insurer How to Designate a Beneficiary Is It Ever Okay Not to Have a Beneficiary? Conclusion Introduction When it comes to life insurance, one of the most important decisions you’ll make is choosing a beneficiary. A beneficiary is the person...
You canwrite your will yourself for free, but there is a risk of making a mistake that could cost your descendants in the long run. If you prefer a guide to ensure that you are including everything needed, online will makers such as Legal Zoom or Willmaker by Quicken offer stand-alone ...
To avoid these consequences and ensure the proper allocation of your life insurance benefits, it is crucial to designate a beneficiary and regularly review and update your beneficiary designation as needed. Taking these proactive steps can provide peace of mind and ensure that your loved ones are ...
What is the effect of an investment on real assets on the value of the firm? Explain why. Which components of a lease are likely to be most negotiable? What advantages do discounted bonds offer to investors? What are protective covenants? Why are they needed?
If the additional cardholder needs a credit card for their own use, they should apply for one in their own name. What happens if there is money owing on the credit card account that is in the name of the deceased? We will use any money that is in an account in the sole name of th...
How do I apply for a secured loan if I'm a foreigner? The procedure in seeking a loan from the Small Business Administration is fairly elaborate. What is the usual sequence for this process? How can I write a letter to a bank manager to collect original...