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Can the beneficiary of a trust receive money before the trust terminates?
Wiki User
∙ 13y ago
Yes. You would make a request to the Trustee of the trust and ask for a distribution based on your needs. However, the trust must be administered by the terms of the Trust Document.
Wiki User
∙ 13y ago
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How long does it take a beneficiary to receive money from an IRA policy?
few weeks
Who is a beneficiary in an online transfer?
The beneficiary of an online transfer is the person who is going to receive the money. He is the person who is going to get the money either as cash or the money will be deposited into his bank account. Since he is going to benefit by getting the money he is called the beneficiary.
How much money will a beneficiary receive in a cash value policy if money has been borrowed against the policy?
The claim proceeding net of outstanding policy loan balance including accumulated loan interest will be paid to the beneficiary.
Can the debtor of a beneficiary have IRS seize the money paid to beneficiary from a family members life insurance?
Yes, the debts must be paid before the estate is divided up between beneficiaries.
If you are beneficiary of life insurance policy is the administrator of the estate supposed to get your money?
Life insurance with a beneficiary is completely separate from the "estate". If you receive life insurance, it's your. The estate includes bank accounts, homes, cars, etc. not the life insurance
How long does it take a beneficiary to receive money from an IRA policy?
few weeks
Who is a beneficiary in an online transfer?
The beneficiary of an online transfer is the person who is going to receive the money. He is the person who is going to get the money either as cash or the money will be deposited into his bank account. Since he is going to benefit by getting the money he is called the beneficiary.
What is a bank account beneficiary?
A beneficiary is the person who receives the benefit (usually money) from an insurance policy or a trust.
What is the difference between an annuitant and a beneficiary?
An annuitant is a person who receives regular sums of money that was earned by them. A beneficiary is a person who receives regular sums of money from someone else who has past away and selected them to receive the funds.
If the insured dies and the beneficiary dies a month later without collecting the money who does it go to the beneficiarys heirs or insured heirs?
In that case the benefit would be paid into the beneficiary's estate, though that doesn't necessarily mean their heirs will receive it. However, if there is a contingent (secondary) beneficiary they would receive the benefit.
How much money will a beneficiary receive in a cash value policy if money has been borrowed against the policy?
The claim proceeding net of outstanding policy loan balance including accumulated loan interest will be paid to the beneficiary.
How long before you receive money as a beneficiary from a will?
Depend on the items and size of the estate ( this can take from a month to years and years). Once all accounted for the legal process can be done in a couple of weeks to a month.
What are beneficiaries in an insurance policy?
People or organizations you want to receive money in the event of your death. They do not have to be related to you and you can name anyone as a beneficiary.
Can the 1st listed beneficiary deny receiving the death payment If so will the 2nd listed beneficiary receive the money?
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.
Do life insurance companies ever pay off debt before giving the beneficiary the money?
No.
Can you send money through moneygram from india?
Yes you can send money from india to anywhere in the world but moneygram will demand the beneficiary bank account , beneficiary account name, bank name, bank address, swift code, Aba number, routing number, beneficiary address. With this you can send money anywhere and it takes 8 hours before the receiver get the money
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
