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If someone dies and has a car on finance does it belong to the estate of the deceased if there was no insurance on the loan?
Wiki User
∙ 14y ago
If the loan is not paid off at the time of the death, the vehicle belongs to the lienholder until the vehicle is paid off.
Wiki User
∙ 14y ago
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Life insurance part of estate?
Life Insurance and EstatesNO, not if the named beneficiary is not deceased. The proceeds of a life insurance policy belong to the named beneficiary not to the deceased. It should not under any circumstances be included in the estate of a deceased or the probate process. If no beneficiary is named or if all beneficiaries are deceased then their is no alternative. When their is no named beneficiary then the value of the life insurance policy reverts to the insured and must then be included as part of the deceased estate
Can my deceased wife's engagement ring belong to another woman?
NO!
Is it legal for someone to take guns from a house of a deceased person if the guns are not registered and there is no proof who the guns actually belong to?
No - that is theft, all the same. Theft of a firearm is a felony.
Is it a crime to keep someone else's mail?
It's not a crime to read mail that doesn't belong to you, but it is illegal to tamper with a mailbox by removing mail or placing objects into mailboxes that are not going to go through the US postal service.
Is life insurance considered part of deceased person's estate when money is owed to credit card companies?
No it is not part of their estate, because once the person is dead the life insurance benefits belong to the designated benificiery.Who unless it is their spouse, is not responsible for the deceased debts.Edit: Life insurance proceeds payable to the beneficiary(s) are not themselves subject to collection by the deceased person's debtors. However some contracts, agreements, and loans do include the right of the debtor to collect from the borrower's heirs. You or your attorney should examine the terms of the credit card agreements to determine this.The face value of a life insurance policy itself on the other hand...if owned or controlled by the deceased person, for the benefit of their own estate or if no beneficiary is listed, or if the policy is gifted to someone else within 3 years before the decedent passed away... it IS included in the decedent's estate and subject to federal and possibly state estate taxes.
Are retirement benefits the same as life ins on an estate?
Retirement Benefits after Death?NO. Retirement benefits cease once a person dies and therefore would not be part of an estate. When a person Dies, they are no longer considered "Retired", They are after death considered "Expired".Life insurance also is not part of an estate unless there is no named beneficiary. The proceeds of a life insurance policy belong to the beneficiary named on the policy, Not to the deceased nor to the deceased estate.
Axa insurance belong from which country?
France
Is it illegal to have insurance on a home that does not belong to you?
You can have insurance policy for articles in your rented apartment, but cannot have insurance on a home that does not belong to you. Even if you do it,concealing the fact, your claim may be null and void in proven on inspection.
Can you insure someone else's car that doesn't have insurance on it?
Again, you cannot legally insure a vehicle that does not belong to you. The insurance policy and application make up a legally binding contract and state that you must own the vehicle in order to participate in the contract of insurance on the vehicle.
What can the executor do when a heir that lives in the deceased parents home starts selling the deceased's property?
Report the theft to the police. It is a crime to take and sell things that do not belong to you.
What insurance company does this policy number belong to BAP178312?
Need to find out what car insurance company policy number 48-903-877-00 belong to.
What happens if you buy a car with outstanding finance?
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
