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Can executors renounce in favor of a family member who is not a beneficiary in the will?
Wiki User
∙ 13y ago
The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThe executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
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Can anyone be the beneficiary of a life insurance policy?
Yes. Anyone can get a policy on another family member.
Can a executor be beneficiary of a will and insurance policy of the decedent?
Yes, it is very common that a member of the family be named as executor.
Must spouse be beneficiary on life insurance in Texas?
No, but whoever you list they have to have an insurable interest such as another family member.
Can a non beneficiary family member collect an unclaimed life insurance 45 year after the persons death?
yes
What if the Executor is a non family member and has also been named beneficiary of items in the estate?
Anyone can be appointed as executor. And anyone can be named a beneficiary. It is often done to take care of friends.
How should you choose an executor for your will?
Select an executor for your will based on trust and relationship. A family member can execute the estate or you can choose two people to be co-executors. Lawyers can do it but they will likely charge the estate a percentage.
If an executor is not a family member should they be paid?
You need to check with your state's laws. Illinois law, for example, provides that executors are entitled to "reasonable compensation". It does not distinguish between family members and others. 755 ILCS 5/27‑1.
How do insurance companies know of your death?
A family member or the agent needs to inform the insurance company if a beneficiary deceased; They will mail a claim package to the insured family, and a copy of the death certificate will be required.
Should there be more than one executor for a deceased family member.?
Multiple executors usually causes problems. A single executor is better in my opinion and I would word it that way in the will, even if several alternatives are listed.
Can I contest the 401K beneficiary that a deceased son listed who is not a member of the family?
Your son had the right to name a beneficiary of his choosing for his 401K. Since it will bypass probate, there is no way for you to protest it unless you hire an attorney and try to bring a suit to a court of equity. It is unlikely that your suit would succeed.
If your family member passing away in Malaysia and you are the sole beneficiary to there estate How much Inheritance Tax do i pay what and to whom Malaysia or US?
if you are visting from USA you might have to pay $2000 and more!!!
Can you add your mother to a whole life insurance policy as a member of your family?
She will have to go through the underwriting process and then be issued separately. However you can be the owner and beneficiary of this policy while your mom is the insured.
