Questions tagged [death]
Questions related to end of life situations and how personal finance is involved.
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Prepaid funeral expenses 15 years ago, with 3.6% interest, should estate get some money back?
My wife and I are executors of the estate of a recently deceased neighbor with no family. She had very little. She had prepaid for her funeral, which of course was very small during the current ...
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When do UK creditors pursue a debt after the debtor has died?
According to StepChange, creditors don't normally pursue a debt of someone who died if there isn't a large estate:
Most unsecured creditors will normally write off a debt (like a personal loan or ...
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What is the equivalent of a nominee system in US banks?
If I want to ensure that my bank account funds are transferred to my parents, who live in India, (I would assume through some legal proceedings) in my absence, is there any method to nominate them ...
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Is there any compensation or financial aid for essential workers who died from COVID-19?
My mom was an essential worker (production plant) and contracted COVID-19 in July 2020 and died from it in August 2020. Her work required symptomatic people with no PTO to report to work or be ...
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If the broker invokes this clause to sell assets to themselves on death, how is the price determined?
Recently I was considering opening a new brokerage account and found the following troubling clause in the account agreement:
The transcription, with my emphasis added:
You authorize us and we ...
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The effect of a consumer proposal on the estate of a deceased co-signer of a loan
I have finished my consumer proposal,however, my mom co-signed a loan that was included in it. I understand the creditor can still try and get the money from my mom, however she is a pensioner and on ...
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Form L-8, Death in New Jersey and a TOD account
Consider the following hypothetical case. A parent (living in New Jersey) dies, in 2023, leaving all his money to his daughter, who is over 21, in the state of New Jersey. His sole assets are two ...
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