Deceased Estates-Things You Need To Know
Description
The Deceased Estate holds that person's property in trust from the time of that person's death until the property and property are nominated to their beneficiaries according to their will. It is administered by either:• An executor appointed in the will of the person, or
• Administrator appointed by Supreme Court.
Retirement and life insurance payments may or may not be part of the Deceased Estate. If there are prescribed beneficiaries under the policies, the payment can go directly to the beneficiaries through the Deceased Estate.
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