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The FDIC insures the full joint amount of $500,000 for a six-month grace period after the death of a joint owner. After the grace period, the amount insured drops down to the sole owner. In other ...
The small but important step of naming a beneficiary on your accounts can save time and money and prevent confusion after your death. Naming beneficiaries makes the probate process simpler and ...
t. e. United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust. Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first ...
Duty of care, corporate governance, breach of trust. Re Lucking's Will Trusts [1968] 1 WLR 866 is an English trusts law case concerning the duty of care of a trustee, and the requirement to become involved in the governance of companies in which the trust has an interest.
Huntington acquired the tiny Savings Bank of Chillicothe, Ohio, in the early 1980s, which gained some fame in 2011 when 100-year-old June Gregg revealed to Huntington officials that her father had opened a savings account for her as a baby with Savings Bank in 1913 and that she had kept the account open. Huntington officials later confirmed it ...
The IRS has special rules regarding the RMD in the year of death that IRA and 401(k) beneficiaries need to be aware of. A financial advisor can help you through the ins and outs of planning for ...
A POD account is a financial account (such as a bank account) where the owner designates one or more beneficiaries to receive the funds upon the owner’s passing. Setting up a POD account is ...
Saunders v Vautier [1841] EWHC J82, (1841) 4 Beav 115 is a leading English trusts law case. It laid down the rule of equity which provides that, if all of the beneficiaries in the trust are of adult age and under no disability, the beneficiaries may require the trustee to transfer the legal estate to them and thereby terminate the trust.