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Can an heir pay off a deceased persons car loan How do you prove you are the beneficiary?
Wiki User
∙ 12y ago
The estate pays off the car loan. Hopefully, the person who died made you the executor. If so, a death certificate taken to DMV may help you change the title. You would also bring along the paid receipt to remove the lien.
Wiki User
∙ 12y ago
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Does an annuity balance go to heirs when investor dies?
If there was a named beneficiary (s) on the annuity then those named beneficiary(s) that are listed on the contract when completed upon purchase would receive those funds. A will or trust can not override this. If no beneficiary(s) are named then the estate of the deceased would be the heir of the remaining balance and then be distributed according to the guidelines set forth in the will or trust set up by the owner. If the estate is the heir and there was no will or trust then the courts would decide who would be the beneficiary(s) of the remaining balance.
Can one beneficiary of an estate be responsible for the estate debts if the other beneficiary is the beneficiary of an annuity?
You have a very good question. If you are the cash beneficiary of the estate and the other beneficiary receives an annuity, the costs of settling the estate will come out of the cash. You should frame a motion to have the court review the matter and render a decision regrading the issue. The court may decide the other heir should pay a portion of the costs.
What is responsibility as an heir to deceased's loan?
There is no responsibility. The loan is the responsibility of the estate. They are required to pay off the loans if possible.
Will my credit be affected by my deceased parents' home being in foreclosure since I am an heir?
No. You never agreed to pay the debt, therefore cannot be held responsible.
Does FLORIDA require the heir of a Florida resident's will to pay off the deceased resident's credit card and bank loans?
Because of the high impact in popularity
Is an heir a blood relative or can they be a friend or fiancee of the deceased?
An heir does not have to be a blood relative. An heir, also known as a beneficiary, is whoever is listed in a will or trust as a beneficiary. So it could be a friend, or a charitable organization, or a blood relative. It is up to the person making the will or living trust.
What happens if the beneficiary of a life insurance policy is deceased and there is no will?
In case of death of the policy holder, with beneficiary already deceased and there is no will, the Insurance Company will pay only to the Legal Heir of the Policy Holder. The death claim will be kept in abeyance till the legal heir proves his legal identity to the satisfaction of the Insurance Company.
How did Harvey wilks challenge the king to prove that he was the heir to the estate of the deceased man?
HE asked the king to identify the tattoo on the chest of his deceased brother.
Is the executor of a deceased beneficiary entitled to the Policy?
In case of demise of the life insurance policy holder, only the NOMINEE is the beneficiary to get the amount. In case nomination is not done, the legal heir of the deceased person can apply before the insurance authority for the death benefit.
How did Harvey wilks challenge the king to prove the he was the true heir to the estate of the deceased man?
HE asked the king to identify the tattoo on the chest of his deceased brother.
Who owns a deceased persons property who has no heir?
When a person with no next-of-kin dies owning property, their property 'escheats' to the state.
Who gets the mutual fund after someone dies. And the primary beneficiary also dies?
The person who is the legal heir to the person who owned the mutual fund has the right to claim the fund sale proceeds. The person should show proof that he/she is the legal heir of the deceased fund owner in order to claim the proceeds. If the primary beneficiary is alive, the legal heir cannot claim the amount.
Who is one who inherits?
heir or beneficiary
Your brother received a certified letter to appear in court regarding his being an heir of your deceased uncle. What does this mean?
That would be a notice to your brother that he has been named as a beneficiary of an estate.
How did Harvey Wilks challenge the king to prove that he was the true heir to the estate of the deceased man?
Harvey Wilks challenged the king to correctly identify a birthmark on the deceased man's body that only the true heir would know about.
Can a heir reject life insurance My brother had life insurance no beneficiary. Parent will be getting 50 percent each if one parent rejects there end will the other parent receive the full amount?
NO. Your question is a bit confusing. First you state their is no beneficiary but then indicate the parents may be the beneficiary. Normally life insurance proceeds do not go through an heirs probate process. Life insurance goes directly to the designated beneficiary outside of any probate process unless no one has been designated or the designated beneficiaries are themselves deceased. If there is no designated beneficiary at all, the life insurance will default to the estate of the deceased for probate and apportionment to the heirs. If there are 2 equal 50 percent designated beneficiaries and one rejects their 50 percent portion, that 50 percent will be assigned to the estate of the deceased for probate and then be apportioned to the heirs of the deceased. An heir can assign his or her inheritance to another heir if they so choose. If the heirs reject the proceeds of the life insurance disbursed by the estate and then also decline to assign it to another heir, then those proceeds will default to the government.
What does heir to heir mean in a will?
"Heir to heir" in a will means that a person is designated as the beneficiary or inheritor of assets who, in turn, designates another person as their beneficiary or inheritor. It establishes a succession plan for the assets to pass from one designated person to another.
