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What else can I help you with?
Is my sister entitled to part of my estate when I die if I am married with no children?
Make her your beneficiary and put her into your will to make sure she inherits what you want
Can you have a secondary beneficiary on your life insurance?
Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.
What does it mean when the beneficiary of a life insurance policy is the employer but there's a surviving spouse who is not listed as a beneficiary?
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
Explain the merits and demarits on the sole proprietorship?
Answer: The main advantages of sole proprietorship are:-1. Easy to Start and Dissolve : A sole proprietorship can be set up easily and quickly.No legal formalities and expenditure are involved in th establishment of a propriertorship.2. Motivation to Work : The sole proprietor alone is entitled to receive all the profits of businessand he alone has to bear all losses. There is a direct relationship between effort and reward. Therefore, there is an incentive to work hard.3. Quick Decisions : The sole proprietor is completely free to take decisionsand to implement them. He need not consult others or seek their approval.4. Independent Control : The sole proprietor is the is the supreme judge of all metters pertaining to his business. He enjoys complete freedom of action.5. Secrecy Of Affairs : The sole trader is not required to publish his accounts. He is not expected to share his secrets with others.6. Personal Touch : The sole proprietor can maintain personal contacts with his costumers and employees.Disadvantages answer will be posted later...Hope you liked my answer.Thank you.
What is a sole trader organization?
Sole proprietor
Can executor borrow money from the estate if they are the sole beneficiary?
Yes. I don't think 'borrow' is the right word, however, as the sole beneficiary will be entitled to the entire estate. An 'advance' would more likely be the correct term.
Can you be the sole trustee and sole beneficiary of a trust?
Yes, it is possible to be the sole trustee and sole beneficiary of a trust.
If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
Is the sole beneficiary of a will entitled to the deceased persons retirement?
It depends on the terms outlined in the deceased person's will and retirement account. If the sole beneficiary is named as the beneficiary in the retirement account documentation, then they may be entitled to receive the funds. However, if there are specific instructions in the will regarding the distribution of the retirement account, those would generally take precedence.
What would a sole beneficiary expect to receive?
A sole beneficiary should, in theory, receive the entire estate, minus the fees of the executor.
If you are the sole beneficiary on the life insurance policy for your mother and she dies do your siblings have a right to a share of what is left?
If you are the sole beneficiary, no, your siblings have no right to the benefits.
What is a sole residual beneficiary?
The residuary estate is everything not specificallymentioned as gifts. The sole residual beneficiary is that person named in the Will to receive the residuary estate.
Can a dog be named a sole beneficiary to an estate?
No, they cannot. A trust for the benefit of the dog, with specifics has to what happens to the remainder on the death of the dog, could be the sole beneficiary.
What does a sole beneficiary of a will expect?
The sole beneficiary can expect to inherit all the property owned at the time of death of the testator after any debts have been paid.
What if your mothers will names your brother and you as beneficiaries your brother passes away a month later does this make you sole beneficiary?
yes. that would make u the sole beneficiary.
What is the difference between a primary beneficiary and a tertiary beneficiary?
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
What if a spouse dies and you may be a beneficiary to their 401k but you divorced 10 years ago are you still eligble?
IF you are still the beneficiary on file for your ex-spouse then you are legally entitled to that money. If there was an updated beneficiary that lists other people as the beneficiary then you are not. On caveat is if you are listed as the beneficiary and the ex-spouse has a will in place that leaves the account to someone else, then you are not entitled.
