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During a death in the family, what do I need to know about asset protection?
Wiki User
∙ 14y ago
Make sure you understand the probate and laws in your state. These can vary from state to state.
Are the wills current and up to date, clear and dated? witness's to attest? What are the directions given for assets percieved. Ascertain what assets are not directed and get in touch with a lawyer to oversee the proceedings.
Wiki User
∙ 14y ago
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Can a asset protection trust void your mothers last will and testament?
Any property that was transferred to a trust during life is not owned by the decedent after their death. That is the whole point behind trusts. The trust owns the property. A Will can only distribute property owned by the decedent at the time of their death. If your mother left you certain property in her Will but had transferred it to a trust during her life then that property is gone. It cannot pass by her Will. A trust cannot "void" a Will. An "asset" protection trust is intended to protect assets from creditors, the government and would be heirs.
Does selling a vehicle you were given as a result of the death of a family member count as income that you must pay taxes on?
Yes this is very possible because it is the sale of a capital asset.
Insurance covering death during surgery?
Yes, there are insurance policies that provide coverage for death during surgery. This type of insurance is commonly known as "surgical death insurance" or "surgical risk insurance." Surgical death insurance is a type of life insurance policy that provides coverage specifically for death that occurs as a result of surgery or other medical procedures. This type of insurance is designed to provide financial protection for the policyholder's family in the event of their untimely death during surgery READ MORE ABOUT INSURANCE ON INSUREYOURGROWTH
When was A Death in the Family created?
A Death in the Family was created in 1957.
What were hardships the north and south faced during the civil war?
They suffered from death and sickness.And lost family members
Is a CD part of the estate?
The value of that CD is an asset unless Payable on Death arrangements were made with the bank when the account was opened. In that case the proceeds do not become an estate asset.
Who is the voice of death on family?
Adam Corolla is Death on Family Guy.
What is a group of people such as friends and family who promise to help each other during tough situations called?
Death ceremony ................
What is the purpose of life insurance protection?
In simple terms, the purpose of life insurance protection is to provide surviving dependents or select family members with money to cover certain expenses in the event of a provider's death. Usually, this money from a policy goes to a surviving spouse or children.
Is there any death in Kristen Stewart's family?
I will say she may have some death in her family.
In the event of a death is a vehicle owned by the decedent considered an asset of the estate?
If solely owned by the decedent, yes.
How did the Great Depression affect millers family life and lead to the writing of Death of a Salesman?
Miller's father lost his fortune during the Depression.
