Sentences with phrase «deceased owner»

"Deceased owner" refers to a person who has passed away and was the previous owner of something, such as property, a business, or an asset. Full definition
For a fee or donation, there are a few organizations that specialize in long - term care of pets of deceased owners and will find your pet a new home or care for your pet for the rest of their life.
In the 1920s, a London solicitor named Arthur Kipps is sent north to a grim, moist residence known as Eel Marsh House in order to settle the affairs of its recently deceased owner.
Ya, I mean I agree with needing a few hundred if your just hitting up a mail route, and all the houses in an area, But this was extensive research specifically with only houses in pre-foreclosures or recently deceased owners.
Another feature of the Senate bill would be to make changes to the estate tax, a levy placed only on very large estates when they're inherited from their deceased owner.
Turner's narrative, told from the viewpoint of a boy who witnesses a dog's fruitless vigil for a deceased owner, is affectingly written, and Nascimbene's delicate, neatly framed artwork, inspired by Japanese woodblock prints, beautifully anchors the true story in place and time.
If there are two beneficiaries of a Trust are the MRD's based on the age of each beneficiary, the age of the oldest beneficiary or the age of the deceased owner?
If the sole beneficiary is the deceased owner's surviving spouse, the surviving spouse may continue the annuity contract by becoming the new owner.
-- If the sole beneficiary is the deceased owner's surviving spouse, the surviving spouse may continue the annuity contract by becoming the new owner.
The federal estate tax is a lump sum tax that is levied by the federal government based upon the value of the deceased owner's gross estate.
Use this form to verify a beneficiary for an E * TRADE account that is converting assets and / or cash due to a deceased owner.
This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price.
As a named beneficiary, it's up to you to inform the deceased owner's IRA custodian (financial institution) that you wish to have an inherited IRA account created, and to make sure that the proper procedures are followed.
Large financial institutions like Vanguard, Fidelity and Schwab have standard procedures and forms to transfer a deceased owner's IRA assets into a properly - titled inherited IRA account.
Upon the death of a sole owner when the owner's estate is not being probated and is subject to small estate administration under the laws of the deceased owner's State of legal residence, you may reregister the account to the heir (s) by providing the following:
Term life insurance can be used to fund buy - sell agreements so that on the death of a business owner, surviving partners can use the proceeds to purchase the business from the deceased owner's beneficiaries.
When a survivor can't prove his or her contribution, the IRS assumes the deceased owner provided all of it.
If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.
When an IRA account owner dies, the beneficiary (s) are eligible to re-title (or transfer) the account (s) as inherited IRAs in the name of the deceased owner.
This is a contract among the owners to buy a deceased owner's share of the business at an agreed upon price in the event of death, disability, or retirement.
A key distinction and benefit to a joint tenancy is that real property passes outside of probate, whereas a tenancy in common will require a probate for the deceased owners undivided half interest.
Does the interest pass to the deceased owner's estate.
As opposed to a joint tenant account, however, ownership is not passed over to the other tenant (s) at death, but is part of the deceased owner's disposable estate.
If your Collateral Account does not include a right of survivorship and one of you dies, the Collateral Account may, subject to the Bank's right of setoff and security interest, be paid to any survivor or to the personal representative, heirs or successors of the deceased owner even though not the last surviving owner.
Also, these pooches were sacrificed and buried next to the body of their deceased owner so that they could set out on their spiritual journey together.
Background: At the mere age of one Jack was found alone, scared, and malnourished at home beside his deceased owner.
He was there, curled up inside an old dog house outside the ruins of his deceased owner's home.
Does a representative gain access in the place of the deceased owner or account holder?
The deceased owner's brother lives in another state and claims that he has the title that the deceased transferred to his name before the suicide.
Generally, to claim the deceased owner's vehicle, you will need to provide the DMV with proof of your identity and relationship to the owner, a completed and signed title including the current odometer disclosure, a completed Statement of Facts, and all supporting paperwork, such as the will, death certificate, or other certified court documents.
From a liability perspective, it is possible for the heirs, or a third party claimant, to apply to the UAE courts to challenge the actions of an attorney and claim damages for any loss suffered as result of any particular transaction performed pursuant to the deceased owner's power of attorney.
An insured cross purchase agreement helps assure that the business is transferred successfully to the surviving owners and that the deceased owner's beneficiaries receive a fair price for their interest.
Life insurance on the owners is often used to provide the funds to purchase the share from the deceased owner's estate.
If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.
-- If the sole beneficiary is the deceased owner's surviving spouse, the surviving spouse may continue the annuity contract by becoming the new owner.
In the event one of the owners dies, the life insurance pays the claim and the funds are then used to buy - out the deceased owners» family.
If the sole beneficiary is the deceased owner's surviving spouse, the surviving spouse may continue the annuity contract by becoming the new owner.
When an owner dies, the surviving owner uses the death benefit to purchase the deceased owner's share of the business.
For instance, a life insurance contract can be structured in such a way to ensure that the remaining business owners have the funds to buy the company interest of a deceased owner at a predetermined price.
Then, should one of the business owners die, the proceeds from his or her life insurance policy can provide the funds that will be needed for purchasing the deceased owner's portion of the company.
Depending on how the business is owned, the proceeds could also be paid to the deceased owner's survivors for paying the decedent's final expenses, as well as for the survivors» ongoing living expenses, as they will no longer have the deceased owner's income from the business.
Life insurance is frequently used for buy - sell arrangements, under which the proceeds of a policy are used to buy out the deceased owner's interest and compensate their heirs.
When an owner dies, the surviving owners use the death benefit to purchase the deceased owner's share of the business.
It decreases the likelihood that the company would be sold in order to buy out the deceased owner's interest.
This would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price; this arrangement allows the owners to keep the business while the family still gets the money.
Can the firm continue successfully with the addition of the deceased owner's heirs as new owners?
In the event an owner dies, the company receives the proceeds of the life insurance policy and uses the proceeds to purchase the deceased owner's business interest at a previously agreed upon price.
This is a contract among the owners to buy a deceased owner's share of the business at an agreed upon price in the event of death, disability, or retirement.
The deceased owner's estate receives instant liquidity at a fair market value for their business interest.
a b c d e f g h i j k l m n o p q r s t u v w x y z