life insurance

M1. Transfer Costs

1. Deposit The deposit is an upfront payment, usually between 10% and 20% of the purchase price but varies from purchaser to purchaser.  The transferring attorney is obliged to open up a separate trust account for each transaction at the highest possible interest rate. 2. Transfer Fees – payable by the Purchaser Is a general term that is made up of the transferring attorney costs and transfer...

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