Not many people enjoy thinking about how to
distribute their assets once they pass away, but it's worth considering in order to leave a legacy among your family members.
Not exact matches
A qualified terminable interest property enables the grantor to provide for a surviving spouse and maintain control of how the trust's
assets are
distributed once the surviving spouse dies.
Once the IRA
assets are
distributed, the plan administrator will withhold 20 % of the amount for tax purposes and 80 % of the
assets will be
distributed to the IRA account owner.
Preferred shares entitle you to a specific amount if the company was to close its doors, but you would only get paid
once all bondholders and other creditors have received their share of the
assets, which could affect the amount that is
distributed.
Once those debts are paid, the remaining
assets will get
distributed as indicated in the will.
Once the contributory
assets have been depleted, your conversion
assets will be
distributed.
Once the probate court approves the final account, you will be able to
distribute the remaining
assets in the closing reserve and complete your work.
Once the court is able to distinguish between your marital and separate property, it will begin the process of
distributing your family's marital
assets.