I am not an attorney, but I recently visited one and was told that if they are responsible for handling all my business after I passed, they would charge a percent of what I'm leaving for their fees and then they will distribute the rest to the beneficiaries that I have listed.The person who has been appointed executor or executrix of the estate is responsible for distribution of any remaining assets after all debts and taxes of the deceased have been satisfied according to state probate law.
The answer depends on the facts of the particular situation, how the will reads, what the beneficiary is given under the will and other factors. Also the laws of the state of probate should be taken into consideration as well as they might have a bearing. In the typical case where a beneficiary is given a specific dollar amount of money, you cannot pay the beneficiary with stock unless the beneficiary and the residuary legatees agree to it. If the beneficiary is given the stock itself, then the beneficiary must be paid with that stock unless he directs the executor to sell it and give cash instead. Even in that case an executor might refuse to sell the stock and tell the beneficiary to sell the stock himself after he receives it. If the beneficiary is given a portion of the residuary estate (which would include all sorts of assets) the beneficiary has the right to request the stock itself, but only in proportion to his/her share in the residuary. If the situation is that there are two residuary legatees and the value of the estate available for distribution is composed of cash and stock having equal value, the executor cannot force one beneficiary to take the stock and the other to take the cash unless that is what they agree to.
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a
A beneficiary is a person or group that receives benefits so a sentence you could use would be something like, "The beneficiary of the million dollar check was quite happy," or something to that extent.
There is no exact dollar amount that must be probated. The dollar amount will vary from case to case with the IRS.
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called the balance sheet.
The dollar amounts of debits equals the dollar amount of credits in the ledger of a balance sheet. When these two values are equal, the budget is balanced.
Yes, in Alachua, FL
Multiply the dollar amount by (1/100) of the percent commission.
One way:-- Subtract the discount percent number from 100 .-- Multiply the result by the dollar amount.-- Divide the result by 100 .-- The result is the discounted amount.===============================Another way:-- Multiply the dollar amount by the discount percent number.-- Divide the result by 100 .-- Subtract the result from the original dollar amount.-- The result is the discounted amount.
The prayer amount is the demand for a specific dollar amount of damages.
Canadian Dollar Exchange
It is technically an idiom, as it means paying the highest amount for something -- aka the "top" of the dollar amount.
Multiply the percent times the dollar amount, then divide by 100. Add that amount to the dollar amount. For example: Add 15% to $1500. Multiply 15x1500 to get 22500. Then divide by 100 to get 225. Add the 225 to 1500 to get $1725.
$20.00 is the minimum dollar amount over which a common lawsuit can be filled.
In general, it is not possible. I am 4/7 of the hight of my room. There is no relevant dollar amount for this fraction.
In order to answer this question, the state must be known. This dollar amount varies from jurisdiction to jurisdiction.
The auctioneers decide the dollar amount of the bidding increments with the person who is selling the items.
singapore dollar 54.00
i don't know so shut up