What is a beneficiary? Why is it important to be specific with regard to beneficiaries and assets

Question:

What is a beneficiary? Why is it important to be specific with regard to beneficiaries and assets in your will?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

See More Books

Question Posted: Jan 03, 2023 05:52 AM

See More Questions

Why is it important to be cognizant of misinterpretations as an international manager?
What is epistemology and why is it important to know about different perspectives on research and how it should be done?
What is tax neutrality? Why is it important to the multinational corporation? Is tax neutrality an achievable objective?
Since the introduction of enhanced security measures by the U.S. Department of Homeland Security in 2017, flights bound for the U.S. from Canada are subject to additional screening by airline...
Explain the term warranty and distinguish between express and implied warranties.
Discuss how income affects exchange rates. Discuss how expectation influences exchange rates. How do taxes affect exchange rates?
According to an article authored by Yayla-Kll et al., multi-product firms account for 91 per cent of the output in US manufacturing and they often make short- to medium-term adjustments in their...
On March 10, 2013, Elizabeth, a college professor, purchased a house for $300,000. She did not move into the house until August 8, 2013. On August 1, 2014, she accepted a position as a visiting...
Write a program to check whether the given input is digit or lowercase character or upper case character or a special character (use 'if-else-if' ladder)
The Excel file Closing Stock Prices provides data for four stocks and the Dow Jones Industrials Index over a 1 month period. a. Develop spreadsheet models for forecasting each of the stock prices...
What is an executor? Why is it important to name an executor in your will?
What is a will? Why is a will important? What does it mean to die intestate?
Why would a tax on a particular brand of cigarettes be less effective at reducing smoking than a tax on all brands of cigarettes?
In addition to giving away money at the time of their death, individuals are allowed to give gifts of money during their lifetime. In 2022, they were allowed to give up to $16,000 per year to as many...
In the U.S., mortgage interest payments are tax deductible. That is, a mortgage borrower can pay less income tax if she also pays a mortgage. Question: consider the mortgage lending market. How does...
The Poster company sells a product with a per-unit contribution margin of $412. The company has fixed costs of $8,500 an like to achieve a $6,000 profit. How many units must they sell to cover fixed...
The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Cashi Accounts receivable. Allowance for doubtful accounts. Inventory Accounts...
A company has the following expense transactions in January: 1 ) A vendor performed $ 1 0 0 of services for you on Jan 1 0 and sent the invoice to you customer on Jan 2 0 . You paid the vendor on Jan...
Why did Grace have problems making changes and maintaining discipline when she first was promoted to a position that required leadership?
In a certain school district, 3% of the faculty use none of their sick days in a school year. Find the probability that 5 faculty members selected at random used no sick days in a given year.
What is the responsibility of the insurance company that sells you a policy? How do insurance companies determine their profits? What is the relationship between insurance company claims and premiums...
How does accident benefits coverage under an auto insurance policy work? What is uninsured motorist coverage? How does it work?
Describe collision insurance and comprehensive coverage. Is this type of coverage required by most provinces? Who may require this type of coverage?
Most products we buy go through a lengthy series of intermediate steps before they are available for us to purchase. For this problem, say we are tracing the stages, and the associated transaction...
Pick an over-the-counter (OTC) medicine. List it's generic name and a few brand names. Describe what kind of compound it is and what it is used for. Give example of symptoms it treats and list a few...
Due to its potential for recreational use and abuse, some retailers in the United States have moved dextromethorphan-containing products behind the pharmacists counter. Do you think dextromethorphan...

What is a beneficiary? Why is it important to be specific with regard to beneficiaries and assets

Question:

Step by Step Answer:

A beneficiary is a person or entity that you des...View the full answer

Personal Finance

Students also viewed these Business questions