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The answer depends on the facts of the particular situation, how the will reads, what the beneficiary is given under the will and other factors. Also the laws of the state of probate should be taken into consideration as well as they might have a bearing. In the typical case where a beneficiary is given a specific dollar amount of money, you cannot pay the beneficiary with stock unless the beneficiary and the residuary legatees agree to it. If the beneficiary is given the stock itself, then the beneficiary must be paid with that stock unless he directs the executor to sell it and give cash instead. Even in that case an executor might refuse to sell the stock and tell the beneficiary to sell the stock himself after he receives it. If the beneficiary is given a portion of the residuary estate (which would include all sorts of assets) the beneficiary has the right to request the stock itself, but only in proportion to his/her share in the residuary. If the situation is that there are two residuary legatees and the value of the estate available for distribution is composed of cash and stock having equal value, the executor cannot force one beneficiary to take the stock and the other to take the cash unless that is what they agree to.
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Does the beneficiary have to pay bills left by the insured?
Beneficiary's obligationThe beneficiary has no legal obligation to pay the bills solely in the name of the insured.
Will the insurance company pay the beneficiary if the beneficiary kills the insured?
Not if they found out.
Who pay the trustee?
its a trust or a beneficiary.
What is financial guarantee?
applicant having obligation to pay the beneficiary (for example, beneficiary supplies goods to applicant). in this applicant is obliged to pay the amount for the goods supplied by the beneficiary. This is purely financial obligation.
If the beneficiary of a life insurance died before the policy holder do you need a copy of the beneficiary death certificate?
Yes. If there is a contingent beneficiary, the insurance company will need proof that the primary predeceased the principal in order to pay the contingent beneficiary. If there was no contingent beneficiary named the insurance company will pay the proceeds to the principal's estate.
Will an insurance company pay after a homicide?
Insurance companies will not pay if the beneficiary is convicted of the homicide. Most insurance companies will pay the beneficiary if that person was not involved and the policy does not exclude homicide as the cause of death.
Do you have to pay taxes as a beneficiary on a retirement pay out?
That depends on the laws of the country in which you live.
Does a beneficiary have to pay taxes on a life policy they receive?
No No
If an individual gives property either real or personal to a beneficiary the beneficiary must pay an inheritance tax?
fiscal
Can life insurance be bought to pay a beneficiary a debt?
Yes it can.
Does a beneficiary pay federal taxes on money received?
Generally, no
At the conclusion of a GRAT what is the cost basis of the stock for the beneficiary grantors original cost or grantors cost on the date GRAT started or cost on the date of transfer to the beneficiary?
Cost basis is equal to cost basis of original grantor plus any gift tax paid (the same as if the beneficiary had received the stock directly as a gift)
