Who owns funds transferred after death?
Funds cannot be transferred after the death of the individual to whom they belong. All assets and debts must be entered into probate procdure according to the laws of the state where the deceased was a resident. The exception is assets and property that is held as Joint Tenants With Right To Survivorship or as Tenancy By The Entirety when there is a surviving spouse.
401k funds can generally be rolled into a SEP-IRA. These funds, if allowed by the new employer, are exempt from penalty and income tax as long as the funds are transferred directly to the SEP-IRA custodian. Contact your new employer and ask if your funds sitting in the previous employer's 401k plan are allowed to be transferred to the new SEP.
Would authority in the receiving country question the source of fund when funds are transferred using server to server method?
If the sole owner of a business dies and there is an authorized signer on the account is he the owner of the funds?
If a person is sentenced to life then transferred to a state with the death penalty will he be sentenced to death?
Any property that was transferred to a trust during life is not owned by the decedent after their death. That is the whole point behind trusts. The trust owns the property. A Will can only distribute property owned by the decedent at the time of their death. If your mother left you certain property in her Will but had transferred it to a trust during her life then that property is gone. It cannot pass…
By definition, the author of a creative work owns the copyright of that work until it has been legally transferred to others. As a general rule, wiki only acquires a license of the rights, not the ownership. The original author would retain the right to (a) withdraw any license as permitted and (b) enforce any rights not licensed or effectively transferred.
Catholic Answer In the United States, legally, the Bishop owns everything in the diocese. All the land, buildings, convents, churches, schools, etc. are in his name, personally. It is called a corporate sole. Although ultimately the priest is responsible for the parish funds, and he is responsible to the people of his parish for that, ultimately he is responsible to the Bishop of his diocese who actually owns the funds, etc. Of course, ultimately…
There are two methods of transferring funds in India: NationalElectronic Funds Transfer (NEFT) and Real Time Groos Settlement (RTGS). While NEFT transferred funds over the course of a few days, STGS transfers funds immediately. in "real time." NEFT is based on net-settlement, while RTGS is gross amounts.
Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc. Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc. Yes…
When claiming the death benefit from life insurance are there any fees deducted from the funds owed to the beneficiary?
Assuming you mean EFTPOS (Electronic Funds Transfer Point Of Sale)... The customer uses either a credit or debit card to pay for goods. The card is 'read' by the cashier's register, and an electronic 'request' is sent to the customer's bank. If the funds are available (or the card has enough credit) - the funds are transferred from the customer's account to the store's account.