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When third party ownership is involved applicants who also happen to be the stated primary beneficiary are required to have?
Wiki User
∙ 8y ago
Insurable interest in the proposed insured
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Can a beneficiary give up his shares in an irrevocable trust?
Yes, a beneficiary is not required to receive anything they don't want.
Can an adult child be an executor and a beneficiary?
An adult child can be the executor. They can also be a beneficiary. They are required to be impartial when distributing the estate.
What is required to refinance a mortgage for a manufactured home?
First, proof of ownership would be required. The owner should then discuss with the financial institution would what be involved with refinancing the mortgage and whether or not it is possible on the manufactured home.
A relative died living you the beneficary but you are not sure what insurance company how do you find out?
You may be the beneficiary of the will and there may not be any insurance. If you were named on an insurance policy, the insurance company will find you. They have your name and probably your address, both of which are required to name you as the beneficiary. Also contact the executor of the will, as they may have records on the policies involved.
How can you find if you are a beneficiary of a will?
If the person has died, if you are beneficiary, the executor is required to notify you. If they are still alive, the only way is to ask them. There is no requirement that they tell you!
What information are not applicants required to provide?
social security number
What information are job applicants not required to provide?
social security number
What strike involved the manufacture of railroad cars in Chicago Illinois?
The Pullman Strike, after which the Illinois Supreme Court required George Pullman to end his ownership of the "company town" of Pullman, Illinois.
What other documentation or qualifications are required of applicants?
There so many other documentation or qualifications that are required of applicants. These includes any tertiary certificates that one has obtained in their learning and even achievement documentations that are relevant.
Beneficiary Required Minimum Distribution (RMD)?
Beneficiary Required Minimum Distribution (RMD) When you are the beneficiary of a retirement plan, specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.
Is a power of attorney required to disclaim an inheritance?
No. The beneficiary who wants to disclaim an inheritance should contact the attorney who is handling the estate for the proper way to waive their rights in the estate. It may be more complicated if real estate is involved.
Do you have to probate a will if everything is left to one person?
The necessity of probating a will depends on several factors, including the laws of the jurisdiction where the will is being probated and the assets involved. In general, if the estate has assets that require transfer of ownership, such as real estate or financial accounts, probate may be required to legally transfer those assets to the beneficiary.
