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If no probate can credit card debt be taken from your beneficiaries paid by life insurance and IRAs?
Wiki User
∙ 8y ago
This is not a simple situation. The short answer is, maybe. There are a lot of "ifs" and it also depends on the state statutes of your residence. If you would like to discuss this, or feel I might be able to give you some enlightenment. Please feel free to email me.
Wiki User
∙ 8y ago
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If you cancel your life insurance will you receive any money back from the policy?
If it is Term Insurance, there is no cash value. Otherwise, there may be. However, consider the long term effects of this before cashing in. Buying insurance when you are younger and healthy sure beats trying to buy it once you have health issues. For example, it is a good way to leave beneficiaries with money to pay your final bills or if you have minor children who will need to be taken care of in case of your demise.
How can you find out if life insurance has been taken out in your name without your knowledge.?
How can you find out if life insurance has been taken out in your name with or without your knowledge.?
What is a creditee?
Creditee is a the one who is having taken a loan or credit from the loan or credit provider
Where to See credit history after denied credit?
Credits history can actually be taken from credit reports which is sold by several CRA's.
Will my personal injury settlement be taken by by judgments owed on my credit?
Can money from personal injury suit be taken from a creditor
What exactly is a life insurance company?
A live insurance company is a company that holds a "life insurance" policy on a person. The policy is taken out by a person and fees are paid. And, if for some reason the person's life ends, the policy is paid out to the beneficiaries as long as the death was not done on purpose.
Is prepaid insurance a debit or credit balance?
Prepaid insurance is that amount which is paid in advance and no benefit has taken yet that's why it is current asset for business.
What are the benefits of credit card insurance?
Credit card insurance can be taken out to cover loss arising from unauthorised transactions if one's card should be lost or stolen. However, it is worth reading the terms of the policy carefully to ensure it actually offers things which one does not anyway get free when one takes out a credit card.
What happens in California probate court?
Probate court is relevant after a death. In probate court, it can be decided if a will is valid. After the will is validated, the financial responsibilities of the deceased can be settled and any property belonging to the deceased can be taken care of.
What is the principle of life insurance?
The principle of life insurance is to provide financial protection for the individuals named as beneficiaries in the policy in the event of the insured person's death. The insured pays regular premiums to the insurance company, and in return, the company promises to pay out a predetermined amount of money to the beneficiaries upon the insured's death. It is a way to ensure that loved ones are financially protected and taken care of after the insured's passing.
How can you rid your credit report of your deceased wife's credit card write off?
Depends, If the account is under your wife's name only you can just send a copy of the D.C. to the probate office for the company. However, If you were listed as a "joint" or "Co" on the account you are now responsible to pay off that debt or it will be taken from the estate.
What information does the insurance company used to determine your rate?
I assume we're talking car insurance. Definitely age. Your driving record. Married or single. Whether you've taken a driver's ed course. And sometimes your credit history and education.
When does an Executor have to show the rest of the family the will?
An executor is required to give notice to the beneficiaries and also to the people who would have been heirs if there had been no will. State laws specify the time within which the notice has to be given. In NJ it is 60 days after probate. Generally, once a will has been filed for probate it becomes a public record and a copy may be obtained at the court where the will was filed. The executor should make copies of the will available to the beneficiaries. If they don't anyone can obtain a copy from the court.
What is the procedure taken by an executor to negotiate with the beneficiaries of a will because some beneficiaries want a more fair deal according to them?
After the will has been allowed and the executor has been appointed by the court the executor is obligated by law to carry out the distribution as set forth in the will by the testator. The executor has no authority to change any provisions that were made by the testator unless that power was also granted in the will. There is no "procedure for negotiating" with beneficiaries who want a "more fair deal" than was provided by the testator. The executor needs to seek some advice from the attorney who is handling the estate. The executor needs a primer on their legal obligations and personal liability if they overstep their authority and decide to operate outside the probate laws.
If you cancel your life insurance will you receive any money back from the policy?
If it is Term Insurance, there is no cash value. Otherwise, there may be. However, consider the long term effects of this before cashing in. Buying insurance when you are younger and healthy sure beats trying to buy it once you have health issues. For example, it is a good way to leave beneficiaries with money to pay your final bills or if you have minor children who will need to be taken care of in case of your demise.
If you are taken off your insurance policy do you have to surrender your license?
no because you will get another insurance
What happened to transinternational life insurance company?
It was taken over by aegon insurance
