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You need to look into what is called "Estate Planning". Basically, you need a last will and testament to say who gets what, life insurance to cover any debts, taxes or final expenses. You should talk to a financial consultant or insurance broker who is familiar with estate planning.
If you still have a mortgage on your home, consider purchasing a mortgage protection insurance policy. Among other coverage benefits, these policies pay off your mortgage in the event of death. I recommend fully researching the benefit of purchasing a policy like this. If your life insurance policy includes enough money for your surviving spouse to make mortgage payments then this extra insurance may be unnecessary.
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Can your ex-spouse take your home when you die if you have a release of lien?
If your ex-spouse has a lien on your home and you are in possession of a release then you must record the release in the land records immediately. If you die and the release is lost there will be no proof the lien was paid and your ex-spouse may well take the necessary legal steps to take the property.If your ex-spouse has a lien on your home and you are in possession of a release then you must record the release in the land records immediately. If you die and the release is lost there will be no proof the lien was paid and your ex-spouse may well take the necessary legal steps to take the property.If your ex-spouse has a lien on your home and you are in possession of a release then you must record the release in the land records immediately. If you die and the release is lost there will be no proof the lien was paid and your ex-spouse may well take the necessary legal steps to take the property.If your ex-spouse has a lien on your home and you are in possession of a release then you must record the release in the land records immediately. If you die and the release is lost there will be no proof the lien was paid and your ex-spouse may well take the necessary legal steps to take the property.
What are the Steps to be followed before blood transfusion?
so that the person will not die
How long will it take for the black mamba's venim to spread througout the body?
The Black Mamba is known by the Kalahari tribes as the Five-Step Snake as if you are bitten, you will take no more than five steps before you die.
If a spouse's parents die and the spouse gets a divorce before the estate is settled is the non-related spouse entitled to half of the inheritance?
No. He or she would not have been a direct beneficiary unless he or she were named in the will regardless of the status of the marriage. Even in community property states an inheritance is exempt from CP marital laws.
What happens to my social security money if I die before I get to collect it and have no minor child or spouse?
They remain in the Social Security fund to be paid to other beneficiaries.
How much phosphorous can a person take in before they die?
cuba!
Are you responsible for medical bill if your spouse die?
yes, if your legally married, then your connected legally to all debts of your spouse.
If a mobile home in the name of only one spouse and they die is the other spouse resposible for the the debit?
The estate of the deceased is responsible for the debts. The spouse is going to have to pay the debt as a beneficiary of the home purchased by the spouse.
If you die without will does home go to your spouse even if its not in your spouses name?
Probably, but the laws vary. In most states there is a spousal right to the property that has to be resolved before it can be sold.
Can one buy life insurance for their spouse?
Yes one can buy life insurance for his or her spouse because he or she has insurable interest in the spouse. One would not like to see his or her spouse die so there is no moral hazard involved.
If divorced and ex-spouse die what is your marital status?
Divorced.
Do you owe taxes the year you die?
Yes. But since you will not be around to pay them, your estate will be responsible for paying them. If you are married and your spouse files a joint return for the year you die, your spouse could be responsible.
