0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens to the money in an account when the owner passes away?
It passes to the deceased's estate upon proof of death.
What is the definition of term life insurance?
Life insurance is an insurance service that one can purchase, and will pay out a lump sum of money when the owner of the life insurance passes away. It can also be paid out, or bought out, before the owner passes away.
What happens when your mom passes away and her property is in a life estate?
The life estate goes to the remainderman.
What happens to a mobile home when a person passes away without a will or a trust?
Assuming there are no heirs (relatives that can be found), it would depend on how that State treats mobile homes as a property. They might be treated like abandoned autos and boats, whereby the owner of the mobile park who eventually isn't paid for the leased space or rent, may be able to file a lien type instrument against it and end up owning it, selling it, or renting it. But, always check with a probate attorney. They will probably answer that question for free in a phone call.
What happens when the signer of a car loan passes away and there is a cosigner as well?
The Cosigned assumes full responsibility of the loan.
How is a joint banking account of an unmarried couple in the state of Indiana liquidated when one joint account owner passes away?
The surviving joint owner is the sole owner of the account and can maintain it or close it. That is the reason for having a joint account.
What happens to kates boyfriend in your sisters keeper?
The sad truth is he passes away, while Kate and him snuck away she asked him if he was scared of dying and the next thing you know he passes away. The doctors tell her mom and she has to break the news to Kate, and from there she goes downhill. Its a sad movie and book :(
What happens upon death of owner of mortgaged property placed in living trust?
I think the key word here is "LIVING" trust. Once a person passes away so does the trust...the Will should determine what is to be done with the property. If no Will is in place..his or her heirs will have to battle it out. Seek advice from an attorney.
What happens when light goes from water to air?
light rays bend away from normal as it passes from denser water to rarer air
What happens if a law passes that takes away a right guaranteed by the bill of rights?
The Supreme Court would strike it down as being unconstitutional.
What happens when light passes into a material where the speed of light is faster?
-- Its speed increases. -- Its wavelength increases. -- It refracts away from the normal to the interface at the point of incidence.
What happens to the blood as it passes through the liver?
when the blood passes through the liver it carries the CARBON DIOXIDE produced by the liver during cellular respiration
