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What are the benefits of a mortgage life insurance?
The benefit of a mortgage life insurance is that in the event of the death of the policy holder, your family will receive benefits to pay on the mortgage. You can learn more about this at the Wikipedia.
What happens to parent plus loans in the event of the borrower's death?
In the event of the borrower's death, Parent PLUS loans are typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment does not pass on to the borrower's estate or family members.
In the event of firm dissolution the first claims on its assets belongs to?
In the event of firm dissolution, the first claims on its assets belong to secured creditors. These are lenders or creditors who hold collateral against their loans, ensuring they are paid first. Following secured creditors, the order of claims typically proceeds to unsecured creditors, and finally, any remaining assets are distributed to the owners or shareholders of the firm.
What does JTBE mean after name on bank statement?
JTBE on a bank statement typically stands for "Joint Tenants with Right of Survivorship." This designation indicates that the account is held jointly by two or more individuals, and in the event of one account holder's death, the surviving account holder(s) automatically inherit the deceased's share of the account. This arrangement is often used for joint accounts between spouses or family members.
What insurance policy will pay off your car in the event of your death?
A life insurance policy with a clause for loan or car debt repayment will pay off your car in the event of your death.
Letter for distribution of estate assets?
A letter of distribution of estate assets will likely be a document held by an attorney of a deceased individual. They will have specifically stated who gets their property and valuables in the event of their death.
What event happens at the last of the story of jing-mei?
The death of Suyuan Woo
What happens to copyright when copyright holder dies?
In the event of an artist/authors death copyrights are treated like any other property in the estate and will be assigned by will or by the probate courts.
What happens to the balance of credit card in the event of death of primary cardholder?
All debts and assets of a deceased person are handled in accordance with the probate laws of the state where the deceased resided. Only the account holder is responsible for credit card debt, unless the person was married and lived in a community property state, in which case the surviving spouse is usually deemed responsible for such a debt. In some community property states such as Wisconsin the law varies as to the surviving spouse's responsibility.
What is cash surrender in insurance?
"Cash surrender value" also known as "cash value" or "policyowner's equity value" is the monetary amount an insurance company will give the policyholder or annuity holder if the policy is voluntarily terminated before maturity or before the insurable event happens, (ex. death, disability).
What are the benefits of a mortgage life insurance?
The benefit of a mortgage life insurance is that in the event of the death of the policy holder, your family will receive benefits to pay on the mortgage. You can learn more about this at the Wikipedia.
If you are an authorized user on a credit card and the primary holder dies are you resonsible for the debt?
An authorized user on a credit card can be responsible on an account in which the primary card holder passes. The creditor looks at the situation as the authorized card holder was able to make purchases with the account, and should be held liable, even in the event of the primary's death.
What happens to parent plus loans in the event of the borrower's death?
In the event of the borrower's death, Parent PLUS loans are typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment does not pass on to the borrower's estate or family members.
Do I need a will and power of attorney to ensure my wishes are carried out and my affairs are managed appropriately in the event of incapacity or death?
Yes, having a will and power of attorney is important to ensure that your wishes are carried out and your affairs are managed appropriately in the event of incapacity or death. A will specifies how your assets should be distributed after your death, while a power of attorney allows someone to make decisions on your behalf if you become incapacitated.
In the event of death of parents who needs a deed of trust?
You need to have a deed of trust in the event that you die. Therefore if you want to leave people things or give people the power over your assets it will be taken care of. If you have one of these there won't be any confusion in the family as to who has what.
What happens during an asset seizure?
The government usually steps in to acquire a person's assets in the event of a crime. This is referred to as an asset seizure. Government officials will literally confiscate the belongings of the criminal.
What is a big event that happens to TV characters inn order to up ratings?
Death. Wedding. New Baby. Fall In Love
