Yes, they certainly can. If they have a legitimate debt against the deceased, they file it with the executor. This will get paid before anything is distributed to the beneficiaries.
If no beneficiary is listed on an insurance policy the proceeds will be paid to the decedent/owner's estate.
Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.Yes. If the CD is the sole property of the decedent with no beneficiary listed the estate must be reopened with a newly appointed estate representative to collect and distribute the remaining property.
It will go to the alternate beneficiary, if one is listed if not it will be paid to the estate to be distributed in the same way as any other money in the estate.
Yes. The proceeds will become part of the taxable estate.
Check with the holder to see if a beneficiary was listed for the account. If no beneficiary was listed then the annuity was owned by the decedent and their estate must be probated. The duly appointed estate representative will have the authority to distribute the funds (by Will or the laws of intestacy) once any debts of the estate have been paid.
If no beneficiary is listed on a life insurance policy then the benefits are payable to the insured's estate. The beneficiary can be changed at any time prior to the death of the insured if this is the person's desire.
If the estate is listed as the beneficiary of the policy, the executor is bound to follow the wishes of the deceased, in which case the proceeds would go to the "residuary legatee" if no other claim is made on it in the will. If the insurance policy names your brother's wife as the beneficiary, then it goes directly to her and is not part of the estate; in fact, if the beneficiary is not the estate, it should go directly to the beneficiary in any event.
If the life insurance policy had listed as the beneficiary the spouse only then it is not considered part of the estate and is not subject to claims. If the beneficiary is the estate then it is subject to claims. The only problem with the spouse being the only beneficiary is if she was a party to the claims personally then perhaps she and the proceeds from the life insurance could be subject to these claims.
Yes, unless the account has a listed Payable on Death beneficiary or the account was specifically devised in the will.
Yes, the executor can also be a beneficiary of the Will. Also, in most jurisdictions the executor can be paid from the estate for their services up to a certain amount that is generally set forth in the probate laws.
It would go the the Contingent Beneficary if listed in the policy or to the Insured's Estate.
If the first person who is listed as the beneficiary does not want the payment it will go to the second person listed. If there is no second person listed it will go to the spouse.