0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can a current life partner challenge a named beneficiary on an annuity?
An individual has the right to choose the beneficiary on their annuity.
How do you put beneficiary in a sentence?
The child was the beneficiary of the old man's kindness.
Do you have to change your will or can you just change a beneficiary for your life insurance?
As long as you did not make your beneficiary irrevocable, you can just change your beneficiary. If your beneficiary is irrevocable you are out of luck unless you can get them to authorize the change.
Am i the beneficiary of my husband's life insurance?
If he put you in as the beneficiary, then Yes. Look at the policy and find where it says beneficiary to make sure.
How do you add beneficiary in kotak mahindra bank?
Log in to your net banking, then go to transfers, you will see an option to add a beneficiary. Just put the account details of the person & submit you will recv a code on your registered mobile. Just click on active beneficiary and enter the code. You can now transfer funds to that account Thanks
Does sweat equity means you are a partner in the company?
Sweat equity just means you put hard work into the company. You are not a partner unless the other partner[s] put you in the paperwork as a partner. However, instead of making you put up a financial stake they can give you credit for the amount of money your labor would have cost them. That's why it is called 'sweat equity'.
Dad has died not divorced but living with a partner for 33 years who is next of kin?
If he is still married, it will be the spouse if still living, otherwise it would be a child or parent. 'Living with a partner' doesn't supercede that relationship as they are not relatives and the partner will have no legal standing unless there is a will that names them as beneficiary. He could have life insurance with the partner as a beneficiary. The best thing to do would be to consult a lawyer but I'd say his wife if he's married and after that immediate family (e.g. son or daughter)
Why do some people continually put their partner down?
If any one feel that his partner thought are not matching with him. Then people continually put their partner down..
If no beneficiary is named on the life insurance policy does it go to life partner or adult children?
A "life partner" has no legal rights under the law unless there is a registered civil union or legal marriage in those states that allow same. That is why it is so important for "life partners" to do estte planning and have wills drafted by a professional. In this case the children would be heirs-at-law unless the decedent had a will that named the life partner as the beneficiary.
Why does she put you second?
I assume you are talking about a partner. There are so many reasons and every relationship is different. You just have to confront her about this
What do you do if you think your partner is taking you for granted?
Well , confront them about it . Tell them exactly how you feel about it. Just put your point across.
Can a man be married and buy life insurance and put someone other than his wife as a beneficiary?
Yes. It's done ALL the time. You can leave it for the children (adult) you can put it into a trust. You can leave it to a business partner to fund a buy sell agreement. That said, the primary factor to keep in mind is that the beneficiary must have an insurable interest in the life of the person insured. Essentially, this means that the beneficiary must have a "stake" in the continued life of the insured. This can be financial (such as a child dependent upon support, or even a business partner). The insurable interest can also be based upon "love and affection", and to that extent, a parent may be the beneficiary. There are other permutations of "insurable interest" that are defined by statute and interpretative case law. Insurance company underwriting guidelines also often address it. All of that said, the insurable interest must exist at the inception of the policy. If the relationship between the parties subsequently changes (such as a divorce), the efficacy of the beneficiary designation will not change as long as the insurable interest existed when the policy was issued.
