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Throughout this period the accounts are still associated with the deceased and may be subject to market fluctuation.Assets are not yet available to the recipient(s) until requirements are fulfilled.
An individual may also decide to liquidate assets, such as house and land for cash.
The cash could then be used to boost his or retirement nest egg or pay off creditors.
If items are missing, or did not meet legal requirements, we'll contact you to resolve the situation.
Keep in mind that the form and requirements list can be impacted by unique or extenuating situations, such as those listed under the heading "Inform us of unique situations." Once the claim form and required documents are received in good order, the settlement is processed within several business days.
Some insurance and annuity contracts allow money to be distributed in other ways, such as receiving a check directly from the deceased's account, or receiving ongoing payments.
If these options are available, the Death Claim Statement form will provide choices for selection.Often it is possible to settle just the portion for the person who sent in their completed forms and requirements.There are a few products that cannot be sold or transferred until all the claimants' materials are received in good order, since we are unable to split up or sell the investment in pieces. Once all materials from all claimants are received in good order, processing typically takes only a few days.The petition for voluntary liquidation is filed by shareholders when it is believed that the company has achieved its goals and purpose.The shareholders appoint a liquidator who dissolves the company by collecting the assets of the solvent company, liquidating the assets, and distributing the proceeds to employees who are owed wages and to creditors in order of priority.The required items are listed in the letter sent to each claimant.The documents required may vary from person to person, so your list may not match another claimant's list.As said earlier, not all liquidation is as a result of insolvency.A company may also undergo a voluntary liquidation, which occurs when shareholders of the company elect to wind down the company.These parties are usually named in a beneficiary designation created by the deceased, or defined by the ownership of the accounts.Materials include: To complete the Estate Settlement process and obtain account proceeds, you will need to provide certain documents.