In most cases the pension will override. It is a private contract that is independent of what the will says.
yes
Yes and the distributions from the pension plan will be taxed to the beneficiary in the same way that they would have been taxed to the deceased.
Yea, if you have two different contracts and the beneficiary is the same, you can have two different policies which is legal.But against same contract, you cannot take two policies when the beneficiary is the same which is illegal.
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
The Executive Branch pension for the President is $200,000 a year. The Vice President only receives a pension if he serves five years and then it is the same as the pension of Congress members.
No, not exactly.The issue of a deceased beneficiary includes any issue that has predeceased that beneficiary.Surviving issue means only the issue living at the time of death of the beneficiary.
Yes.
NO.
As long as the will was properly drafted and is allowed by the court the executor and the beneficiary can be the same person.
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
The same as in the rest of the UK.
yes yes
If your spouse leaves their pension to you and you are both members of NYCERS Tier 1, you may be able to receive both your own pension and your spouse's pension when you retire, depending on the specific terms and conditions of the plan. It's advisable to consult with a NYCERS representative for detailed information regarding your specific situation.