Search for: "Tod Beneficiaries on File"
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17 Apr 2024, 2:09 pm
Payable-on-Death or Transfer-on-Death Accounts Since payable-on-death accounts (PODs) and transfer-on-death accounts (TODs) must designate a beneficiary, they are not subject to the California probate process. [read post]
21 Aug 2023, 7:03 pm
In addition to an estate’s lawyer fees, there may also be executor compensation, court filing, and other paperwork fees. [read post]
14 Aug 2023, 12:37 pm
Under the old law, upon filing an affidavit with the surrogate the surviving spouse is entitled to the assets of an estate without administration if the assets do not exceed $10,000; similarly, in situations where there is no surviving spouse and the assets of the estate do not exceed $5,000, the heirs are entitled to the assets without administration if one of the heirs files an affidavit with the consent of the remaining heirs. [read post]
1 May 2023, 3:00 pm
However, if the gift exceeds $17,000 and the beneficiary is not a spouse, the recipient may need to file a gift tax return. [read post]
17 Aug 2022, 2:58 am
If your Will provides for a different beneficiary of your IRA account or another non-probate asset, it will be superseded by the beneficiary designation form on file with that account’s or asset’s administrator. [read post]
16 Aug 2022, 11:08 am
There may be an old will on file you didn’t know existed. [read post]
30 Nov 2021, 8:38 am
Jensen attempted to file a Transfer on Death (TOD) form for the client, which named him as the beneficiary. [read post]
30 May 2019, 6:08 am
In other words, the account owner can always change the POD or TOD beneficiary. [read post]
26 Feb 2019, 10:45 am
Estate administration refers to the process of probating the estate of a decedent, which generally includes collecting, inventorying and appraising assets; gathering and paying debts; filing and paying estate taxes; and distributing any remaining assets to beneficiaries. [read post]
30 Jan 2019, 12:33 pm
If you’re married, your spouse will probably be your beneficiary, but if a beneficiary dies and you do not revise the POD and TOD forms, any assets in those accounts will go through probate. [read post]
25 Nov 2018, 5:48 pm
Those various code sections are consolidated here to help you sleep a little easier at night:Iowa Code section 598.20A provides that if you list your ex-spouse (or relatives of your ex-spouse) as your beneficiary of life insurance, that designation is ignored.Iowa Code section 598.20B provides that if you list any of the same individuals as beneficiaries of your IRA, annuity, stock option plan, POD (Payable on Death) account, or TOD (Transfer on Death) registration,… [read post]
5 Dec 2017, 4:49 am
, you have updated beneficiaries on your life insurance, retirement accounts, annuities, etc., you use joint ownership effectively, and you use TOD/POD features if available, someone will still need to file documents with the probate court upon your passing.The most important document to file, regardless of how many assets (if any) have to go through probate, is the estate tax return. [read post]
10 May 2017, 7:30 am
Bank accounts with a POD or TOD beneficiary listed pass to the beneficiary outside of probate. [read post]
10 May 2017, 7:30 am
Bank accounts with a POD or TOD beneficiary listed pass to the beneficiary outside of probate. [read post]
10 May 2017, 7:30 am
Bank accounts with a POD or TOD beneficiary listed pass to the beneficiary outside of probate. [read post]
27 Dec 2016, 6:19 am
Under the old law, upon filing an affidavit with the surrogate the surviving spouse is entitled to the assets of an estate without administration if the assets do not exceed $10,000; similarly, in situations where there is no surviving spouse and the assets of the estate do not exceed $5,000, the heirs are entitled to the assets without administration if one of the heirs files an affidavit with the consent of the remaining heirs. [read post]
14 Jul 2016, 5:00 am
Creditors of the estate have a limited period of time within which they must file a claim. [read post]
11 Nov 2015, 6:20 am
Probate also allows creditors of the decedent to file claims against the estate prior to the distribution of estate assets to the intended beneficiaries or heirs of the estate. [read post]
2 Oct 2015, 9:45 am
This occurs outside of probate, so there are no court filings or long delays. [read post]
7 Mar 2015, 7:15 pm
Oath or Affirmation on Filed Documents. [read post]
