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What happens to a Canadian riff when owner dies?

When a Canadian RRIF owner dies, the RRIF funds are usually paid out to the beneficiary named by the deceased owner. The beneficiary can choose to receive the funds as a lump sum, periodic payments, or transfer the RRIF funds to their own RRIF if they are a qualified beneficiary. Taxes may be owed on the RRIF funds depending on the beneficiary's relationship to the deceased owner and the amount of the funds.


If person dies can you settle car loan debt for a less amount after owner dies?

That is a decision made by the lender. It might be possible depending upon the circumstances. For example, the offer made to pay off the vehicle loan is a larger amount than the lender would receive by making a claim against the estate of the deceased.


How is ownership of firearm determined when owner dies?

If the firearm owner records the name of the person he wishes to have the firearm and so identifies the firearm in his will, that person is eligible to receive the gun. Otherwise, the estate administrator can indicate who can receive the gun.


Do cats get deppressed?

In some circumstances, a cat can become listless and depressed. Cats like routines and the bond with their caregiver. If a caregiver dies, it can confuse the cat, who keeps looking for its owner.


Who dies in radiant shadows?

James bond


Who is the director of the film James Bond 'Tomorrow Never Dies'?

The 1997 James Bond film Tomorrow Never Dies was directed by Canadian Roger Spottiswoode.


If your husband dies at 72 and you are 68 what portion of his social security will you receive?

You will receive all of his social security.


When a parent and child have a joint checking and the parent dies does the child receive the money?

Depends how the account was set up (Joint Tentancy with Survivorship Rights, Grantors Trust, under the UGMA, etc.) The generic answer is no, it would not be treated as income. The money in the account would be included in the decedants estate and be distributed through either Trust or Probate as a qualifying gift.


What happens to checking account when owner dies?

The amount would be settled to the nominee. If the account holder has not filled in the nomination details then the money would go to the legal heir.


If a life insurance policy owner dies what happens to the policy?

if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.


What happens to a bank CD when the owner dies?

Beneficiary.


What happens to a patent when the owner dies?

When a patent owner dies, the patent is typically transferred to their estate or heirs. The estate or heirs can then decide to maintain or sell the patent rights.