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Husband died leaving you as beneficiary on a small policy with no other assets can credit card companies demand payment?
Wiki User
∙ 15y ago
Probably, it would be considered community property, and you are liable for his debts, but you need to check your state laws. Further Information; Generally monies received as death benefits would be exempt from creditor attachment, even when the surviving spouse resided in a community property state. The catch is, that said monies are usually deposited into a bank account and the account might not be protected from creditor levy. If the couple resided in a non community property state and the account was held as TBE or Joint Tenants With Survivorship Rights, then the monies not be subject to attachment by the creditor. A surviving spouse in a non CP state is not responsible for debts that were not incurred jointly. However property titled in only the name of the deceased does not necessarily pass directly to the surviving spouse the best option is to consult with a qualified legal representative.
Wiki User
∙ 15y ago
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Any statistics on how many life insurance claims are disputed by family members and does the beneficiary dictate payment?
Yes the beneficiary on file gets the payment
What happens when your husband dies leaving an outstanding car loan?
The lending institution can place a claim for payment against the estate.
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
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.
Is your husband's ex-wife legally entitled to life insurance benefits in the state of California?
If she is the beneficiary named on the policy, the insurance company has no other option. They cannot give the payment to anyone else.
Can your deceased husband's annuity be taken away when you remarry?
If you are the primary beneficiary and there are no provisions stating that the funds end when you remarry then no. If the estate is the beneficiary and it states in the documents that you will stop receiving payment upon remarrying then yes. Carefully review all documents as well as contact the annuity carrier for clarification on this.
How do you change ownership of a life insurance policy when insured is deceased?
Ownership cannot be changed after death. All rights and responsibilities of the owner of the policy end at death of the insured. At death, proceeds will be paid out to the beneficiary and if the method of payment was decided before death then payment is set as well. If payment method is not set then the beneficiary can decide how they want to received payment. There are many ways they can receive payment.
What is the definition of a copay?
When a beneficiary is required to make a payment in addition to the amount that will be paid by the insurer, this is called a co-payment, or co-pay for short. The word co-payment is a noun.
Who collects the life insurance if the policy holder and beneficiary have died?
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
Can you stop a good for payment cheque?
No. A good for payment is automatically paid to the beneficiary upon the maturity of the check. A bank undertakes the responsibility that it will not stop the payment of the check under any circumstances.
What is SWIFT MT 192?
An MT 192 is sent to the beneficiary bank requesting to cancel a payment.
How old does a beneficiary have to be for to receive payment from a life insurance policy?
at what age can a minor be insured in NY state for life insurance
