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Wills and probate: What difficulties arise when a person dies with assets in several jurisdictions?No AbstractSlater, S.NEW LAW JOURNAL
Yes, an administrator of an estate can be a beneficiary. This is common. For example, when an individual dies, their spouse, who will most likely be the beneficiary, can also act as the administrator of the estate. The Bottom Line
Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during the specified term. These policies have no value other than the guaranteed death benefit and don’t feature a savings component (as is found in permanent life insuranc...
Transferring an inheritance from abroad to the UK Essentially, you have two options for transferring your foreign inheritance to the UK ─ you could do this using traditional banks or through money transfer services. When making your decision, there are multiple factors you should take into consider...
Optional: For a 2-person annuity (joint lives) No agent will call you Your privacy is guaranteed. Find advanced calculator options here.Get your best annuity quote instantlySimply enter your age, gender, select an income start date, and the dollar amount you have to invest. (If your want...
Next of kin status establishes inheritance rights when a person dies intestate without an estate plan. While wills can simplify estate management and establish an executor to handle certain roles, not everyone has a will in place. Note:Establishing who is next of kin becomes complicated when multi...
The UTMA allows the donor to name a custodian, who has thefiduciary dutyto manage and invest the property on behalf of the minor until that minor becomes of legal age.8The property belongs to the minor from the time the property is gifted.9If the donor dies while serving as custodian, ...