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If a vehicle title is in the name of 2 people and one persone dies who owns the vehicle?
Remaining owner and the estate of the dead one.
Is the loan for a vehicle paid off when the owner dies?
Not under the standard auto insurance policy.
Does ND require a probate to change owners if an owner dies and his spouse inherits it?
yes
If a car owner dies can family drive the vehicle as is or does tags need to be switched?
Yes the tag and papers will have to be changed in the new owners name.
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
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.
If a owner dies owning real estate that they acquired by a quitclaim deed does their estate need to be probated?
Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
Which type of business organization DOES NOT end when the owner dies?
Corporation
You and your father have a joint savings account separated by 'or'. When he dies does the the money go to probate?
No. When one joint owner of an account dies the account will become the sole property of the surviving owner with no need of probate.
