She can contest it, but she won't win.
Another View: While the above answer MAY wind up being true - too little is known of the circumstances to give a 'blanket' answer. More information would have to be known about the annuity - it's administrators rules - the laws of your particular state - etc - etc.
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
The money you receive from the annuity is income. All income is supposed to be reported and taxes paid on it.It depends upon where that money came from in your fathers estate. If this annuity came from your fathers annuity which was established from IRA or a 401K which had never paid taxes on -then the annuity now needs to pay the taxes.If the annuity came from life insurance then their is no taxes to pay. If the annuity came from prepaid tax money there would be no taxes to pay. etc.
Probably Spouse first, then his Estate then the children.
when can you close my fathers estate account and keep the money.
It depends on your fathers predicament.
She can, but like it will be dismissed.
Call the last company that had the annuity. Give them all the info you 'know'-his full name, your name, relationship, etc. Don't have the number to company but remember the name of the company? Google it, for (example) "annuity companies + [state-your state...] ... " should get you going in the right direction. If that doesn't work, in EVERY state NO company can sell an annuity unless they are registered with that states 'department of insurance'. Go to your states department of insurance website . . . Once you get in touch with a live person, looking up 'any' account and checking if it is still valid is "easy". You'll get your answer then. Good enough ?
It Depends: a. You will not be in trouble if - 1. you are a joint holder of your fathers bank account or 2. Your dad knows that you are going to do it and he doesn't mind b. You will be in trouble if - 1. You are not a joint holder of your fathers bank account and 2. He does not know you are taking money from his account. 3. And - he finds out that you did it
An adult child is a natural beneficiary to an estate. If there is no will, and there is no spouse, they are likely to get the estate.
Yes. You can notify the court that the executor has died and request that you be appointed the successor.
As a trustee, you typically have a legal obligation to provide copies of the trust document and relevant information to the beneficiaries, including your brothers. This helps ensure transparency and accountability in the management of the trust and keeps beneficiaries informed about their rights and interests. It's important to follow the guidelines outlined in the trust document and consult with a legal expert if you have any questions about your duties as a trustee.
Yes they can if they are over 18 years of age