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Are retirement benefits the same as life ins on an estate?
Retirement Benefits after Death?NO. Retirement benefits cease once a person dies and therefore would not be part of an estate. When a person Dies, they are no longer considered "Retired", They are after death considered "Expired".Life insurance also is not part of an estate unless there is no named beneficiary. The proceeds of a life insurance policy belong to the beneficiary named on the policy, Not to the deceased nor to the deceased estate.
What is the importance of Gas?
natural gas is important because if we did not have it their will not be no stoves, ovenand more.natural gas was discoverd on the place of SUI in balochistan in 1952 thats why its named as a SUI GAS.
If a person is named the beneficiary of a policy does the amount become part of the estate even though the beneficiary has the entire tax burden?
The proceeds are includable in insured's gross estate if the insured legally possessed and could legally exercise any incidents of ownership at the time of his death. It does not matter that decedent did not have possession of the policy and therefore was unable to exercise his ownership rights at the time of his death (Comm. v. Est. of Noel, 380 U.S. 678 (1965)), The beneficiary however does NOT pay Income Tax on the proceeds IRC Sec. 101(a)(1).
What does it mean for money to go to the estate?
If money goes to the estate that means the right to receive the money belonged to the decedent. Examples would include such sums as a debt owed to the decedent, insurance money where no beneficiary was named and the decedent owned the policy, refunds from paid in advance medical insurance, or an award from a court case that was settled in favor of the decedent.
What is the longest named currency in the world and which country uses it?
The longest named currency in the world is the "Iranian Rial" and it is used in Iran.
