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If named as a beneficiary along with a dollar amount on a small estate affidavit where or who does the distribution come from?
Wiki User
∙ 11y ago
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.Wiki User
∙ 11y ago
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Convert 1985 dollar amount to 2013 dollar amount
Can you pay a beneficiary with stock?
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.
Can you give me a sentence using the word beneficiary?
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.
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a
What dollar amount must be probated?
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 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.
Dollar general distribution centers in Florida?
Yes, in Alachua, FL
What amount of the currency is the dollar bill?
1 dollar.
What is the amount of one half dollar?
0.5 dollar!
What is Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?
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.
How do you take a percent off of a dollar amount?
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.
How do you find the total money amount made when you are given a percent commission and a dollar amount?
Multiply the dollar amount by (1/100) of the percent commission.
