The proceeds are includable in insured's gross estate if the insured legally possessed and could legally exercise any incidents of ownership at the time of his death. It does not matter that decedent did not have possession of the policy and therefore was unable to exercise his ownership rights at the time of his death (Comm. v. Est. of Noel, 380 U.S. 678 (1965)),
The beneficiary however does NOT pay Income Tax on the proceeds IRC Sec. 101(a)(1).
Under US law: There is NO burden on the accused defendant to prove anything. The entire burden of proof lies with the prosecution.
A sole beneficiary should, in theory, receive the entire estate, minus the fees of the executor.
Yes. It all depends on the circumstances.
Yes. I don't think 'borrow' is the right word, however, as the sole beneficiary will be entitled to the entire estate. An 'advance' would more likely be the correct term.
She is a great woman, a heroine however she had become a big burden to most of us, nursing students since we have to study her entire life.. well that's a very big impact for me..
Yes. Many, many wills leave the entire estate to a single person, who is both the executor, and the sole beneficiary.
* the total * in it's entirety * all of it * the entire amount
First, you have to become an entire country.
They most certainly may not! The entire purpose of the trust is to prevent the beneficiary from controlling the trust. The responsibility lies with the trustee to maintain the trust as it was set up. Actually, it depends on what kind of a trust is involved. For example, a Land Trust is beneficiary driven....meaning the beneficiary tells the Trustee what to do by letter of direction. Most all other types of trusts are Trustee driven and decisions are made by the Trustee. Randy Hughes
They shouldered the entire tax burden of the nation and they were the largest group by population and were under represted when voting.
Yes, Your ex should have the responsible for the half of what was owed.
Yes, and they frequently are as in the case of the standard husband and wife will, where each spouse leaves the entire estate to the other spouse and names that spouse the executor.
The amount of money to rent an entire mall, depends with the mall in question.
She is not responsible for the medical bill as long as the didn't sign at the hospital saying she was the responsible party. Was the daughter the beneficiary of the life insurance policy? If the beneficiary of the policy was the estate of the insured then the hospital can file a lien against the estate and life insurance to cover the medical bills. If the beneficiary was a funeral home to pay for a prearranged funeral then the hospital cannot attach the policy proceeds. If the beneficiary was the daughter directly then the hospital cannot claim the life insurance proceeds. However, this leaves the daughter with no obligation to use the entire amount for funeral arrangements.
A "secured" bail bond is one in which the ENTIRE cash amount of bail money was put up -or- the bail bond is secured in it's entire amount by the pledging of property of equal value.
Generally, these types of coupons are on your entire purchase. In the fine print, it should specify, and if it doesn't then they have to honor the entire amount.
When a beneficiary state draws power in excess of their fixed quantum from the National Grid, the power trips, causing black out to the entire serving areas through the national grid.
Basicly... your entire life.
A lot of people just get a term policy (usually the # of years of your mortgage) like 20 or 30 year term and the face amount equal to the balance so if they die their beneficiary can pay it off. Term life is cheaper than mortgage life...don't know why it just is. If you have a standard term they can do what ever they want with the money or you can show your mortgage company as beneficiary But you mortgage balance will decrease over the years but your term policy won't.
It is a scholarship that pays for a portion or the entire amount of a student's tuition costs.
Their entire life. To become a U.S. President, you must have been born a citizen.
Such a solution would be termed "dilute" as opposed to a "concentrated" or "saturated" solution containing either a great amount of solute, or the entire amount of solute possible in a particular solvent.
It has the same amount of protons and electrons.