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.
Beneficiary.
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.
It goes into the deceased's estate.
ok
The surviving spouse becomes the sole owner.
I believe it reverts back to the owner, and thus becomes part of his estate.
Both owners of a joint credit card are equally responsible for paying off the balance on the card. When one dies the survivor is responsible for the full balance.
It becomes part of the probate procedure of the deceased's estate.
The property will become owned by the state in which the property is located. When this happens we say the property "escheats" to the state.
The person who's name is on the Title is the owner of the car.
If the owner of an insurance policy is deceased then is should be listed as an asset when it comes to distribution. If the insured dies, then any value would be passed on to any listed beneficiaries.