A beneficiary deed is a legal document that allows a property owner to designate who will inherit their property upon their death. This can help avoid the property going through probate and allows for a smooth transfer of ownership to the designated beneficiary.
FDIC insurance for trust accounts works by providing coverage for each beneficiary named in the trust, up to the maximum limit per beneficiary. This means that each beneficiary is insured separately, potentially increasing the total coverage for the trust account.
A bank guarantee is a promise from a bank to pay a specified amount of money to a beneficiary if the person who requested the guarantee fails to fulfill their obligations. It is a form of financial security that helps ensure that transactions or contracts are completed as agreed. The bank acts as a guarantor, providing assurance to the beneficiary that they will receive payment if the original party defaults. This can be used in various situations such as securing a loan, participating in a bid, or fulfilling a contractual obligation.
Could someone explain to me how a widget works, please?
REIT can be defined as real estate investment trust and sometimes called Òreal estate stockÓ. REITs are corporations that own and manage a portfolio of real estate properties and mortgages. Anyone can buy shares in a publicly traded REIT.
i think that the CEO works for the shareholders.
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
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That's not normally how the insurance works. It is in one person's name and when they die, their surviving spouse or beneficiary gets the benefits. Speak with a local attorney who specializes in estate planning to determine which laws apply to you.
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