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Yes, banks can potentially seize an annuity left to children if the deceased had outstanding debts or obligations that need to be settled. However, this typically depends on state laws regarding inheritance and creditors' rights. In many cases, annuities may have designated beneficiaries, which can protect them from being seized to pay off debts. It's advisable for beneficiaries to consult with a legal expert to understand their rights in such situations.
What else can I help you with?
How do you find old bank where funds were left in 1995. I have name of bank.?
Depends on WHERE. Most states have laws that let the State seize "unclaimed" funds or property, and you will need to find out the law where the bank is. In California, there is an unclaimed property web site where you can go to search for unclaimed funds, at www.ca.gov.
What is the formula for solving for the interest rate (r) of an annuity?
The formula for solving for the interest rate (r) of an annuity is: r left( fracAP right)frac1n - 1 Where: r interest rate A future value of the annuity P periodic payment n number of periods
What happens if a house with a mortgage is left to adult children who do not want to assume the mortgage?
The house has to be put up for sale and the profit will be divided between the children. You may also let the bank repossess the house if it has little value.
How do you say the right bank in French?
"the right (river) bank" is "la rive droite" in French. ("rive gauche" for "left bank")
How can I check a bank routing number?
You can check a bank routing number by looking at the bottom left corner of your checks or by contacting your bank directly.
What happens to the benificery money left in a annuity if the benificery died are her children entitled to received her share?
If a beneficiary of an annuity passes away, the distribution of the remaining funds typically depends on the terms of the annuity contract. In many cases, the annuity will specify whether the funds go to a contingent beneficiary or revert to the annuity owner’s estate. If the deceased beneficiary did not designate a contingent beneficiary, their children may be entitled to the share, but this would ultimately depend on the specific terms of the annuity and applicable state laws. It's advisable to consult the annuity contract and potentially seek legal advice for clarity.
How do you find old bank where funds were left in 1995. I have name of bank.?
Depends on WHERE. Most states have laws that let the State seize "unclaimed" funds or property, and you will need to find out the law where the bank is. In California, there is an unclaimed property web site where you can go to search for unclaimed funds, at www.ca.gov.
Who was George Washington personally?
William was the slave that Washington freed in his will and left an annuity to.
If both parents die without a will and left 3 children who owns the property?
If there was a mortgage the bank does, otherwise the 3 children, unless the bank will work with them. Check mortgage docs just in case it was specificied in them who would get it.
Do I have to pay taxes on a money market my mother left me when she passed away in Jan. 2015 if I roll it over into my annuity account?
Do I have to pay taxes on a money market my mother left me when she passed away in jan. 2015 if I roll it over into my annuity account?
What is the formula for solving for the interest rate (r) of an annuity?
The formula for solving for the interest rate (r) of an annuity is: r left( fracAP right)frac1n - 1 Where: r interest rate A future value of the annuity P periodic payment n number of periods
What is a left bank pal?
Left bank is on the drivers side on a RWD vehicle. On a FWD vehicle stand behind the transmission and the left bank is on your left.
What is distinctive about the right bank and the left bank?
The right bank is where more french people live the left bank is touristy the left bank used to be hip in the 50s but grew expensive and touristy.
What is a sentence for left bank?
The left bank of Paris has many artists.
Where is the Left Bank?
One notable left bank is the river Seine's left bank in Paris, also known as La Rive Gauche.
When was Left Bank Two created?
Left Bank Two was created in 1963.
When was Cafe on the Left Bank created?
Cafe on the Left Bank was created in 1978.
