There are a number of reasons why a dealer would need your Social Security number,...
Car sales specialist Javier Medina Jr. helps Pedro Gonzalez tailor a Super Duty F-350 at Doggett Ford in Houston. Dealers could need your social security number for any number of reasons you buy a new vehicle.Q. Over the years I have been asked many times for my Social Security number whenever I buy a vehicle.
Car dealers also are required to make sure you are not a known dangerous individual with ties to crime, drug trafficking, terrorism or other illegal activity. The investigation they must make is required by the Office of Foreign Asset Controls, and it confirms you are not on a list of Specially Designated Nationals and Blocked Persons.
Q. I would like to leave my IRA to my 10-year-old nonverbal special needs grandson. I do not want to make him the beneficiary, and making his mother or father the beneficiary is risky because they may get divorced. I want to make sure all the money goes to him or is used directly for his care. What is the best way to accomplish this? Do I need a lawyer, or can I do this without an attorney?
You would make your IRA payable to a trust account for your grandson, and it would invest the money and distribute it over his lifetime for his supplemental needs.www.thearcoftexas.orgIf you are planning to leave your grandson more than a half-million dollars, you should consider setting up a supplemental needs trust for his benefit, with a trust company as trustee. That would require the services of a lawyer.
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