Beneficiary – Page 2 – itho's internet resources

What Is a Dormant Account? Definition, Process & Examples

By Itho October 27, 2008

[ad_1] What Is a Dormant Account? Dormant accounts are financial deposits with no recent activity, often forgotten by owners. They can become state-held property after a specific dormancy period but…

Escrow Agent: Explanation in Real Estate

By Itho July 3, 2007

[ad_1] What Is an Escrow Agent? An escrow agent is a person or entity that holds property in trust for third parties while a transaction is finalized or a disagreement…

Key Traits and Advantages in Estate Planning

By Itho June 27, 2007

[ad_1] What Is a Contingent Beneficiary? A contingent beneficiary is set to inherit assets only if the primary beneficiary is unable or unwilling to do so. Adding contingent beneficiaries in…

Annualized Income Definition, Formula, Example

Distributable Net Income (DNI): Definition, Formula, & Examples

By Itho May 18, 2006

[ad_1] What Is Distributable Net Income (DNI)? Distributable net income (DNI) is the amount a trust can pay to its beneficiaries. It plays an important role in taxation and is…

What Is an Executor? Duties and Role in Estate Planning

By Itho April 7, 2006

[ad_1] What Is an Executor? An executor of an estate is an individual appointed to administer the last will of a deceased person and carry out the instructions to manage…

Signatures, Insurance Riders, and Public Approvals

By Itho May 13, 2005

[ad_1] What Is an Endorsement? An endorsement may be a signature authorizing the legal transfer of a negotiable instrument between parties, or it can be an amendment to a contract…