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Is it better to close out a small IRA and pay bills with it than leave it to beneficiary?
Wiki User
∙ 10y ago
The estate is going to have to resolve debts. It is likely to have to be liquidated anyway.
Wiki User
∙ 10y ago
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What are the Advantages of e-banking?
you don't have to leave your house to pay the bills
Whats the best way to build credit with a credit card?
pay your bills on time ... but strangely you have to leave a balance running.
If your spouse leave you executor and benificary will you inherit everything that he owned?
The exector has a duty to execute the will. One of the first things is to value the estate and determine what the debts of the deceased are. Once the debts of the deceased are discharged, the remainder will go to the sole beneficiary.
Can you leave your home to your beneficiary in your will if it is subject to a mortgage?
Yes. However, the beneficiary must continue to make the mortgage payments or pay off the mortgage or the lender will take possession of the property by foreclosure. You should discuss the situation with the attorney who will draft your will.Yes. However, the beneficiary must continue to make the mortgage payments or pay off the mortgage or the lender will take possession of the property by foreclosure. You should discuss the situation with the attorney who will draft your will.Yes. However, the beneficiary must continue to make the mortgage payments or pay off the mortgage or the lender will take possession of the property by foreclosure. You should discuss the situation with the attorney who will draft your will.Yes. However, the beneficiary must continue to make the mortgage payments or pay off the mortgage or the lender will take possession of the property by foreclosure. You should discuss the situation with the attorney who will draft your will.
Will settling a close credit card debt hurt your credit?
it would really depend on the age of the debt, if it is more than 6 months, leave it alone. By settling it it becomes current news not old and forgotten. It will make you feel better about paying your debts but will actually harm your credit score. You'll sleep better at night but your credit won't.
Can you leave 50 percent to the primary beneficiary and 50 percent to the contigent beneficiary?
Yes. But you are using the wrong terms. You can leave 50% to each of two beneficiaries. The second will no longer be called the "contingent" beneficiary.
Can you leave music rights to a beneficiary in a will?
Generally yes.
Can a beneficiary change a will to leave out a future inheritant after the death of the person who wrote the will?
No.
Is it correct to say do not leave large balance in checking account?
That is close to being correct, but not quite. A better phrasing would be, do not leave a large balance in your checking account.
Does a secondary beneficiary only receive funds from a life insurance policy if the primary beneficiary has already passed?
Yes. A secondary beneficiary only becomes beneficiary if the primary beneficiary dies before the insured. Say the insured and primary beneficiary are involved in a fatal auto accident but the insured dies an hour before the primary beneficiary. The insurance proceeds would not go to the secondary beneficiary but to the estate of the primary beneficiary. If the primary beneficiary dies an hour before the insured then the secondary beneficiary receives the proceeds. If an insured wants both to receive monies they can name more than one person as primary beneficiary and in what percentage for each person. They could also leave it to their estate and handle distribution by a will.
Identify the subordinating conjunction before I leave on the sixth we need to pay the bills?
The subordinating conjunction in the sentence, "Before I leave on the sixth, we need to pay the bills," is the word before.
Can you will someone your home if it is not paid for?
Yes. You can leave your property to a beneficiary. However, the beneficiary must pay off the mortgage or the lender will take possession of the property by foreclosure. When you grant a mortgage you are granting the lender an interest in your property. Your beneficiary would take the property subject to the bank's interest.
What are the Advantages of e-banking?
you don't have to leave your house to pay the bills
Is the beneficiary obligated to pay decease debt?
I'm confused... Your the benficiary of what? Life Insurance or a Will? The deceased left debts...and taxes? If you are the beneficiary of a life insurance policy...the proceeds go to you..in full (after paying back any loans taken against the policy), no matter what. Independent of the "estate" of the deceased. If your a beneficiary as in a Will of the decedent...then his bills of whatever type get paid before whatever your supposed to get is available. (If he owes other people they must get paid. It kind of makes sense that he can't leave you money he doesn't really have). Answer2: No. Any debts are paid out of the estate left by the deceased. If the estate is not large enough to cover the debts it ends there. The beneficiary gets nothing but does not assume the debts.
Who benefits from a will when one of the beneficiaries die does it go to the children?
If the named beneficiary was alive when the person leaving them something in a will died, then yes it would go to the heirs the named beneficiary. However if the named beneficiary died before the person leaving them something in a will died, then no the named beneficiaries heirs would get nothing. You can not leave a dead person an inheritance.
Is it better to leave all the furnace vents open even if you don't use that particular room very much or is it better to close the vents in that room?
I close the door and vents to rooms I don't use on a daily basis because I don't want to heat rooms I am not in. That can get expensive and it's not "green".
Will the holes from a pierced nose close up within 24 hours of removing the nose ring?
If you've had your nose pierced long enough for the piercings to be healed, then no, it will not close in 24 hours. You can even leave the ring out even longer if the piercing is completely healed. BETTER ANSWER Ok now it depends on you. It's different with diffrenet people. I had my nose pierced for like a year and if i leave it out for an hour it will close. And i had my ears pierced when i was 4 now im 13 and if i leave my earings out for more than an hour the holes will close. Oh yes.
