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Are annuities with named beneficiary considered part of the estate at death And is the executor entitled to a commission on that annuity?
Wiki User
∙ 13y ago
No. When the decedent arranged for an account to pass to a named beneficiary on death the proceeds pass directly to the beneficiary upon the death of the decedent. Those proceeds are not a probate asset and this are not part of the probate estate.
For computation of tax purposes, the proceeds are counted in the gross estate. However, most estates in the US do not reach the threshold for paying an estate tax.
Wiki User
∙ 13y ago
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If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
What is the sole beneficiary of a will entitled too?
The sole beneficiary is entitled to any assets remaining after the estate has been probated and the debts of the estate have been paid.
What is the difference between a primary beneficiary and a tertiary beneficiary?
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
What if a spouse dies and you may be a beneficiary to their 401k but you divorced 10 years ago are you still eligble?
IF you are still the beneficiary on file for your ex-spouse then you are legally entitled to that money. If there was an updated beneficiary that lists other people as the beneficiary then you are not. On caveat is if you are listed as the beneficiary and the ex-spouse has a will in place that leaves the account to someone else, then you are not entitled.
Can a savings account trust have an age at which the beneficiary is entitled to it?
Yes a savings account trust can have an age when a beneficiary is entitled to it. For example, some people maybe entitled to it at age 18. It is best to contact the bank of the savings account to inquire.
Can the executor of a will receive compensation for being executor and beneficiary?
Unless specified otherwise in the will, an executor is entitled to compensation for their work. Anything they inherit is a separate accounting.
Can the executive to will benefit from the will?
Yes, the executive of the will can be a beneficiary. They are also entitled to compensation for their work.
Is the executor entitled to a commission on the house in New Jersey if it is clearly left to a specific person in the will?
is the executor in new jersey entitled to a commission on a house if it was left to a specific person in the will
If no beneficiary named who is entitled to the wedding rings?
The daughter of the deceased generally gets the jewelry.
What word means a person entitled to inherit?
Inheritor(beneficiary, heir, legatee, recipient, successor)
If there is no beneficiary to your fathers 401k plan are you entitled to anything?
Probably Spouse first, then his Estate then the children.
What if the trustee buys out the beneficiary but refuses to pay the entitled amount?
A beneficiary doesn't have to allow such a buyout. And don't agree to take less than the proper amount for such a transaction.
