Hello Everyone! Happy Valentine's Day to you!
MONEY
Read the article on pages 61-62, "Wills and Other Ways." Answer each of the following questions:
Besides wills, how does money get passed down to heirs in the United States (find 3 ways)? What is a 401(k)? How do multiple marriages complicate the situation? What automatically happens when you say "I do"? How is money and property passed from one generation to another in your country?
Use complete and clearly worded sentences as you respond.
Subscribe to:
Post Comments (Atom)
3 comments:
The money transfered to heirs by joint ownership, living trust or the beneficiary from attached to life insurance and retirement account. 401(K) is a retirement plan which allowed your spouse to got all your money. The multiple marriage may affect the 401(K) by confusing by the husband's children or the wife's children especially in late marriages. In addition, it might be affected by the new porn too because they were not written in the statement. Whenever the person says "I DO" the 401 (K) will directly goes to your spouse without saying anything about the new kids who come after that and without changing your statement to include them in it they won't get money unless the spouse sign the paper and agree with that. I'm not really sure about that, I think we do followed a written statements if there is one but we usually have a written role to pass the money to spouses.
money get passed down to heirs in the United States by telling the family how he want his property to be distributed when he die, and that can be by taking the beneficiaries from what attached to life insurance and the retirement account. 401(k) is a retirement plan that allow your spouse for the whole amount to be gotten . And for the multiple marriage , and that will make things get confused by knowing who would preferred to be the first who have the right to gain this and that, for example , he has to tell the kids about who would be first responsible and file a notarized a statement waiving . Saying ( I DO ) in general will make all orders get canceled if they already sat up to make it go for the person who would be probably thankful and that's all will be returned to the spouse who has the right to make decision. And for my country , i think and i'm not really sure , and thank god that i haven't experienced that till today is that we do have almost the same . A father and one son has to be the responsible, and he will take the most amount of ration.
About leaving money to hairs,the process seems simple.You put your decision in your will.When the will is read,your family and friends bless your sainted memory.If you yourself are an heir, you expect to collect your promise share.
Your 401(k) is a retirment plan.If you're married , your spouse automatically inherits the whole amount even of the marriege is just one day old, and even if your will and the beneficiary form say something else.If both of you think the 401(k) should be left to someone else to the kids,the spouse has to file a natarized statment waiving his or her right.Problems sometimes can be arised when a sibling take careof an ailing parent and also holds the power of attorney. i might say that pass money could be focuses and concerning by written role,neverthless,we might followed a written statement if there is something could be held.
Post a Comment