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If a father designates his daughter as beneficiary then marries who gets the fathers retirement and life insurance if he passes away?
Wiki User
∙ 16y ago
The life insurance would be the daughter's. The retirement could be affected by state laws regarding the funds and might be able to be designated to a spouse. The father should definitely update his paperwork to reflect the new marriage, even if he leaves the daughter as the beneficiary.
Wiki User
∙ 16y ago
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When a divorced father passes away and there's only a living will a small life insurance policy for the funeral and Daughter is made power of attorney is she responsible for remaining medical bill?
She is not responsible for the medical bill as long as the didn't sign at the hospital saying she was the responsible party. Was the daughter the beneficiary of the life insurance policy? If the beneficiary of the policy was the estate of the insured then the hospital can file a lien against the estate and life insurance to cover the medical bills. If the beneficiary was a funeral home to pay for a prearranged funeral then the hospital cannot attach the policy proceeds. If the beneficiary was the daughter directly then the hospital cannot claim the life insurance proceeds. However, this leaves the daughter with no obligation to use the entire amount for funeral arrangements.
How does daughter collect on fathers retirement in ga?
To collect on a father's retirement in Georgia, the daughter would typically need to be listed as a beneficiary on his retirement accounts or be designated as the recipient of his retirement benefits in his estate planning documents. If the father passes away, the daughter may need to provide the retirement plan administrators with a copy of the death certificate and any required forms to claim the benefits. It's recommended to consult with an attorney or financial advisor for guidance on the specific steps to take in this situation.
If an adult daughter makes a claim on a life insurance policy and another inidividual is the designated beneficiary what consideration is given to the claim by the insurance company?
Only the beneficiary has claim to the life insurance. They were put as the beneficiary for a reason. I would see if there is a will which states who gets what. Most people leave it to one person(whome they trust completely), then leave it up to that person to designate who gets what. More than likely, once the funeral is paid for as well as the debt the deceased might have left, there might be nothing left.
My ex-husband passed away. I received a letting stating the ownership of my grown daughter's life insurance policy has been reverted to me. What does this mean?
it means that you now have ownership of the policy as your husband has passed away - in other words if anything happens to your daughter you are the beneficiary.
Your daughter was named beneficiary for her fathers life insurance the money was put in a trust fund until she turned 18 Upon reaching 18 will the money she receives be taxable?
No. Life insurance proceeds are not taxable. However, depending on the trust, the earnings, if any, while in the trust may well be.
If no beneficiary named who is entitled to the wedding rings?
The daughter of the deceased generally gets the jewelry.
If you have insurance and let your daughter drive your car and gets into an accident will your insurance cover for the damages?
when you get the insurance you can register your daughter as an autorized driver and the insurance will cover for the damages.
Your daughter has insurance where she works but wants to use your insurance as her primary Can she do this?
If your daughter is listed on your insurance policy and a premium is being collected for her, then she can use your insurance. If not, she will need to use her insurance policy at work.
Do you need a letter of guardianship over your daughter to claim benefits from your deceased ex-husband if neither one of us is named beneficiary?
You have no standing if neither of you have been named the beneficiary. Who is named?
What if your daughter has a car accident with your car?
This is actually a pretty complicated question. If you have insurance and your daughter is on your policy, you are covered. No worries. If you have insurance and your daughter has her own insurance, you are covered. If you have insurance and your daughter has no insurance, is not on your policy, and isn't part of your household, you are probably OK. Insurance will accept her as an alternate driver. If you have insurance and your daughter has no insurance and no license, you most likely have a rider on your insurance policy that says she is not a covered driver. You may be screwed. Depending on the state you live in, you may still have minimum liability and the other coverages may be void. If you have no insurance and your daughter doesn't either, you are screwed. The other driver and their insurance company will sue her (as driver) and you (as registered owner) and you are each jointly liable for the full amount of damage. With no insurance company to negotiate for you, you will be paying till it hurts.
Need insurance on my girl father?
From what I am understanding, you need insurance on your daughter's father? Are you married to him currently? Unless you have a financial investment in him (as in being married) or he signs the policy as the owner and has you or your daughter as the beneficiaries, you can not legally get a policy on your daughter's father. You must have some sort of financial investment risk if he passes away and unless you have a good enough relationship with him, if you are not married, for him to assign you as the beneficiary, you can not own a policy on him nor receive pay from the policy. If you are not married (which I am assuming by how you asked your question) only he could own the policy.
Mother let her unlicensed daughter drive daughter caused a wreck does insurance have to cover?
They may not if there is a clause in the insurance agreement that the insurance will not be paid out in the event that an unlicensed driver is in control
