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If a child of the deceased is an only child and the girl friend is the beneficiary does the child have a right to the money?
Wiki User
∙ 14y ago
This is dependent on state law and if there are arrears allowing for a lien to be placed on the estate. The child will be getting SS Death benefits.
Wiki User
∙ 14y ago
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The beneficiary died after the policy holder who is also deceased Who is the beneficary spouse or children from previous marriage?
When the policy holder dies, the money goes to the beneficiary. If the beneficiary then dies, THEIR beneficiary then gets the money.
How does a beneficiary know if he has to add this money to an estate?
The only reason a beneficiary would add money to an estate would be if they owed money to the estate at the death of the deceased.
Who receives the money from life insurance if the beneficiary is deceased the insured or the heirs?
The contingent beneficiary, if one was named.
Can ex-spouse collect deceased husbands insurance if first deceased wife name is still listed as beneficiary?
No, an ex-spouse can't collect a deceased husbands insurance if the first wife is listed as beneficiary even if the fist wife is now deceased. The money will go to the beneficiary's heirs.
Does insurance money need to go to estate when deceased?
No, the insurance money goes to the beneficiary named in the policy. If the beneficiary is not named, or the estate is named, it will go into probate.
Who gets a deceased parents money in the bank account?
If there is a will, then the beneficiary gets the money. If there is no will all the children of the decedent get an equal share of the money.
If Moms estate is divided 4 ways and you die before the sale of house is bought will the money still be divided 4 ways or just 3 now?
In four ways and the share of the deceased child will be payable to the estate of the deceased child. If the right to take under the will has vested in a beneficiary, then the beneficiary's right to the inheritance cannot be taken away just because the inheritance has not been paid out.
Is life insurance considered part of deceased persons estate when money is owed to loan companys?
If the life insurance has a named beneficiary then life insurance benefits are not subject to debtors claims. If there is no beneficiary or the "estate" of the deceased is the named beneficiary, then loan companies can come after the estate.
Can an adult who has one deceased parent sue the other parent for part of the life insurance settlement?
If the other parent is the sole beneficiary in the life insurance policy, no. Participate in the probate process and you might walk away with something. So sad that someone's child would sue their grieving parent. Only if there is some record that the deceased parent wanted the child to have part of the money. If nothing...the insurance company gives the money to the person that has been chosen as the beneficiary. That is all they are required by law to do.
Can executor and beneficiary be the same?
Yes, that is often the case when a spouse dies. It saves the estate money.
What happens if unable to find beneficiary?
most companies have a set period that they search for a beneficiary. if they arent found in that time frame (it can be years depending on the company) the money goes to the deceased's estate.
When a will states a person who is deceased as the beneficiary who receives it the spouse of the deceased or their children?
Typically the results will be that the money will be split in half, one part to the spouse, the other half to the children. Consult an attorney in your jurisdiction.
