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Can Team Bonuses Be Inherited After Death?

A
Andrea1627
Just curious, my director is at conference and I had a funny question asked to me that I don't know.

If you have recruited others and are getting team bonuses each month and then you die, can the team bonuses be inheritable by your family?

Does anyone know?:confused:
 
I would think that any outstanding bonuses for that month would go into your account or anything that was owed to you before you died it would be received by your family.

Other than that, I don't think so because we are independent contrators and if you are no longer alive and working then your downline is lost.
 
Your dowline will be transferred to another director, and any outstanding money owed to you will go to your estate, or account if you have direct deposit.
 
gilliandanielle said:
Your dowline will be transferred to another director, and any outstanding money owed to you will go to your estate, or account if you have direct deposit.
The downline would be then under your director.
 
  • Thread starter
  • #5
Ok, thank you...
 
That is what I meant! I am so glad Beth is here to fix my misunderstandings! I am going to be confusing a lot of people while Beth is at conference!
 

1. Can team bonuses be inherited if the recruiter passes away?

Team bonuses can be inherited by the recruiter's family if the company has a policy in place for such situations. It is important to check with the company's HR department or consult with a legal professional to understand the specific terms and conditions.

2. Is there a specific process for inheriting team bonuses?

Inheriting team bonuses may require certain paperwork, such as a will or a beneficiary form, to be completed by the recruiter before their passing. Again, it is important to check with the company for their specific requirements.

3. Will the team bonuses continue to be paid out after the recruiter's passing?

This depends on the company's policy. Some companies may continue to pay out team bonuses to the recruiter's family, while others may stop the payments. It is best to clarify this with the company beforehand.

4. Can the recruiter choose who will inherit their team bonuses?

As mentioned before, the recruiter may need to fill out a beneficiary form to specify who will inherit their team bonuses. If such a form is not available, the team bonuses may be distributed according to the laws of inheritance in the recruiter's country or state.

5. Are there any tax implications for inheriting team bonuses?

Inheriting team bonuses may have tax implications, depending on the amount of the bonuses and the country or state laws. It is recommended to consult with a tax professional to understand any potential tax obligations.

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