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Can a lawyer deposit beneficiary's policy in their own account?
Wiki User
∙ 15y ago
They can, but it is not a good practice for a multitude of reasons. It should be treated like an escrow account, at the very least. It should be deposited so that the real beneficiaries are named as principles on the account, or held in trust for them. A strict paper trail accounting should be set up.
If the lawyer is to hold the account in trust, then the will should state how it will be handled. For example, a relative who is seen as a spendthrift may be left money to be used in specific circumstances.
Wiki User
∙ 15y ago
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A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice?
monetary policy
A demand deposit is an account in a commercial bank on which checks can be written and from which money can be withdrawn without any advance notice.?
monetary policy
How long should a direct deposit take to post to your account?
Depending on the financial institution, a direct deposit can take three or four days or up to a week. Check with the policy at your bank regarding the specifics.
What is Advance Premium Deposit in Insurance Company?
An Advance Premium Deposit account is a feature of a policy offered by a Life Insurance company. Think of it as a savings account, where you're free to put in money and take out money. Your life insurance premium will automatically be paid from that account, so that's one less hassle you have to worry about. You get interest on your money, so that's nice. Often you're only allowed to deposit up to the sum of all future premiums. See http://www.americansavingslife.com/policy-sales/advance-premium-deposit-(apd) for an example of one company's advance premium desposit account and read what they have to say about it.
I want my policy no. and other detail?
I want my policy details to deposit policy premium in time.
If a cashier's check was made out to the wrong party can you deposit it into your bank account?
Not unless it is made out to an account holder. The best and safest choice would be to take it back to the issuing bank or call that bank and find out what their policy is in such situations.
What are dividends on deposit?
Dividends stay in policy and accumulate interest.
What is loan against fixed deposit?
Fixed deposit is the case in which you deposit the amount for a particular time period. Now the loan which you get against your deposit is a specific amount of money which is differ according to bank policy.
What was thurgood marshall goals?
He wanted to become a lawyer and overturn the Plessy vs. Ferguson policy.
How do you view my lic policy account details?
my account see
You paid a deposit for a course now you cannot attend will you get it back?
Ask the school about their policy.
What is the policy of twitter to have an account?
To have a twitter you have to at least be 11 which states in the twitter policy.
