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•Do you have any vehicles licensed in another state? •Are any vehicles used as your residence?

Sources for More Information • Kelley Blue Book • NADA Guide for classic or restored vehicles

477 NAC 23- 003.05(B)(vii) N/A

6. Misc. Resources

Trust Life Insurance Livestock/Poultry and Crops Definition An arrangement in which a client's property or money is legally held or managed by another party.

There are several types of trusts that a client may have: irrevocable, revocable, special needs, guardianship, testamentary, and pooled. Whole life: Insurance with level premiums that has both an insurance and an investment component. The insurance pays a stated amount upon death of the insured. The investment accumulates a cash value that the policyholder can withdraw or borrow against.

Term Life: A form of life insurance that generally furnishes insurance protection for only a specified or limited period of time. May still accrue a cash value.

Livestock/Poultry: Domesticated animals raised to produce food, labor or profit. e.g., Cows, chickens, pigs etc.

Crops: Products that can be grown and harvested extensively for profit. Verification Source •A copy of all legal documents for the trust, including all amendments, attachments, and schedules. •A copy of the most recent financial statement or current accounting record.

•A copy of the most recent statement that verifies ownership, name and address of the insurance company, the policy number, beneficiary, date of purchase, original face value, cash surrender value, and value of any loans against the policy(s) and dividend information. • If needed, a conference call may be made to the financial institution to obtain the information.

Livestock/Poultry: A copy of an estimate from the operating loan, sale barn, or auctioneer.

Crops: Market price from grain elevator.