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A Guide to Life Settlements and Life Settlement Companies
Life settlements are defined as the sale of a life insurance policy by the policy owner for less than face value of the policy to third party investors. In essence, investors that are third parties make a plan to profit when an insured dies by receiving more than what is to be paid out in death benefits. The sooner an insured dies the more profit is made. Vitical settlements are similar to life settlements with the exception of the insured being chronically or terminally ill.
Family Law: What Is the Probate Process?
Probate is a term that you've probably heard before in passing when someone has lost a loved one. Although, the term may be familiar, the actual process that applies may be unfamiliar. There is a lot of detail to the mystery of the probate process; however, it is not so difficult that the average bear can't understand when explained in simplified terms.
Probate refers to a court proceeding related to the settlement of a person's estate after death. The decedent's outstanding debts are settled. Legal title to all property is sold and/or formally passes from the decedent to the appropriate heirs and beneficiaries. A personal representative, executor or user will be assigned to conduct the affairs of the estate, depending upon the provisions of the will.
