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If a husband and wife name each other as beneficiaries but both pass away in an accident where will the money go?
Wiki User
∙ 15y ago
You should have a contingent beneficiary,if not you need one. That would be someone who receives the money if the primary is not alive. If none is listed it goes to the estate,
Wiki User
∙ 15y ago
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Can an executor of a will force you to accept money from the estate?
No, you cannot be forced to accept a bequest. You can decline and the money will go to the other beneficiaries.
Texas is a community property state. Your husband named his sons as beneficiaries on his life insurance policy. Is the surviving spouse entitled to any portion of the proceeds?
Life insurance is a complex issue in community property states. Even if your husband has named beneficiaries, you may be entitled to an interest in the proceeds. See the link provided below for a very informative publication that you can read in its entirety. There is a section regarding beneficiaries other than the spouse.
Can you get money from the opther persons car insurance for your injuries even though the accident was your fault?
No. If the accident was your fault, you can not get money from the other person's car insurance.
What rights do beneficiaries have when the spouse has gone against his wife's last will and testimony?
Like most legal questions, the answer is "it depends." For example, say the wife said in her will that her husband should never remarry. She had no right to impose that on him, so obviously no court is going to hold him to that. On the other hand, say that the wife left a sum of money in a trust for him, on the condition that he never remarry, and that if he did he would forfeit the money to their children. If he remarried, the children could certainly draw him into court and demand the money. What I think you are implying in your question is that the husband is the executor of his wife's estate, and that he is not giving the beneficiaries of the will the money which it gives them. The beneficiaries have the right to draw the husband into a probate court and be held to account for his actions, but on the very limited facts given here, it is impossible to say whether they would win in court. Probate law is complex, and there are many reasons that the husband might escape what the will says (for example, if it was an improperly executed will). You should contact a lawyer and explain the facts of your case in detail to get a good answer to this question. So the short answer is: they probably have a right to a hearing in probate court, but it is impossible to say whether they have legal rights to recover against the husband.
What happens to my social security money if I die before I get to collect it and have no minor child or spouse?
They remain in the Social Security fund to be paid to other beneficiaries.
Can an executor allow a house to be foreclosed on if there is no money in the estate to pay monthly mortgage?
Yes. If the beneficiaries want to keep the property then they must pay off the mortgage from their own funds. The executor has no other options.Yes. If the beneficiaries want to keep the property then they must pay off the mortgage from their own funds. The executor has no other options.Yes. If the beneficiaries want to keep the property then they must pay off the mortgage from their own funds. The executor has no other options.Yes. If the beneficiaries want to keep the property then they must pay off the mortgage from their own funds. The executor has no other options.
Insured which is me and beneficary Grandmother died who is entitled to the life insurance benefits?
If you are the insured and your beneficiary died, and you had a secondary beneficiary then the money would go to the secondary. If you had split beneficiaries, then her cut would get funneled to the other beneficiaries. If you didn't have split beneficiaries or secondary beneficiary, the money should go to your estate where your creditors would get first pickings. Therefore, I would get myself to the insurance company (phone, website, broker) and update that policy ASAP.
If a company pays money into your bank by accident can it be withdrawn?
Probably. Don't forget that it's not really your money, it wasn't a gift from the company. You would soon scream if the accident happened the other way round.
Does the person who is named beneficiary on a life insurance policy have to share the money if the other two beneficiaries die but have children living?
Possibly yes. That depends on whether a tenancy was also recited. Generally, if the three who were named as beneficiaries were to take as "joint tenants" then the share of any deceased beneficiary would pass to the other beneficiaries. If the document was silent as to a tenancy then generally, the share of a deceased beneficiary would pass to their own heirs.
What can beneficiaries do if executor assumes ownership of property and leaves out coexecutor and other beneficiaries?
The executor IS the owner of the property, for the purpose of probate.
If your sister was named as the executrix in your parent's will but she passes away before the estate is settled does her husband or heir become the executor?
The court will appoint a new executor. It is not a duty that is inherited. Her husband could certainly ask to be appointed and if the other beneficiaries are okay with that, the court would probably appoint him.
When either a husband or wife with full coverage is killed in an auto accident are they entitled to money beyond the auto payoff?
What state? Of course. Medical payments are pretty standard plus it depends on who was at fault. If it was the other driver the surviving spouse could be in for quite a bit.
