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If an executor overpays a beneficiary and the other beneficiaries want the overpayment back who is liable?
Wiki User
∙ 14y ago
The executor is liable for any errors they make in paying debts or paying beneficiaries.
Wiki User
∙ 14y ago
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What happens when your secondary insurance overpays your claim?
if it goes under payment account audit they will find out eventually and try to recoup whatever the overpayment was for that claim.
Can executor pay her daughter to paint the house to ready it for sale?
Usually, yes, however, the executor is running a risk. An executor is not prohibited from hiring a relative merely because she is a relative. However; the executor may not pay that her more than the job is worth. No sweetheart deals, even if the daughter is a sweetheart. But that type of transaction is subject to challenge since it is inherently a conflict of interest for an executor to hire relatives to do things. The beneficiaries have the right to contest the amount paid if that amount is unreasonable or if the job done is substandard. If the executor overpays or gets a sustandard job, he risks having to reimburse the estate for the difference between what he would have paid to a professional and what he paid to his daughter.
If your employer overpays you can you keep the money?
No, well you could, but I'm sure they would demand it back.
What does the dental office have to do when a dental insurance company overpays on a claim?
Refund the money to the insurance company and bill the patient for the difference.
What happens when a bank overpays you?
Two things can happen: 1) The bank finds out and notifies you that the money has been returned. OR 2) The bank does not find out and you are richer and lucky.
What are some eight letter words with 5th letter P and 6th letter A and 7th letter Y?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 2 words with the pattern ----PAY-. That is, eight letter words with 5th letter P and 6th letter A and 7th letter Y. In alphabetical order, they are: backpays overpays
What are the five rights of procurements?
Of the right quality- (don't have this one)In the right quantity- To have the right amount of inventoryAt the right time- Just in Time Manufactoring, JIT logistics, Timing has influences over inventory costAt the right price- If one overpays, competition has advantage.From the right supplier- Transcactions oriented marketing: Single transaction (make money/care about money)
What are some eight letter words with 1st letter O and 3rd letter E and 6th letter A and 7th letter Y?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 2 words with the pattern O-E--AY-. That is, eight letter words with 1st letter O and 3rd letter E and 6th letter A and 7th letter Y. In alphabetical order, they are: overlays overpays
What are some eight letter words with 1st letter O and 2nd letter V and 5th letter P and 8th letter S?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 3 words with the pattern OV--P--S. That is, eight letter words with 1st letter O and 2nd letter V and 5th letter P and 8th letter S. In alphabetical order, they are: overpass overpays overplus
What are some eight letter words with 1st letter O and 2nd letter V and 4th letter R and 5th letter P and 8th letter S?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 3 words with the pattern OV-RP--S. That is, eight letter words with 1st letter O and 2nd letter V and 4th letter R and 5th letter P and 8th letter S. In alphabetical order, they are: overpass overpays overplus
What are some eight letter words with 1st letter O and 3rd letter E and 4th letter R and 5th letter P?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 15 words with the pattern O-ERP---. That is, eight letter words with 1st letter O and 3rd letter E and 4th letter R and 5th letter P. In alphabetical order, they are: overpack overpage overpaid overpart overpass overpast overpays overpeer overpert overplan overplay overplot overplus overpost overpump
How much do duplicate payments cost US companies annually?
If you don't count the Federal Government (notorious for wasteful spending), duplicate payments in America must be well over $15-20 Billion. Of that, at most 1/3 is actually recovered.This article (h t t p: / / www . thecitywire . com/node/33556 ) says Wal-Mart alone is duplicating $500,000.Estimates from Accenture and Genpact indicate that the manufacturing sector overpays $2.73 Billion each year by duplicate payments (of $21B in erroneaous payments).In 2006, successful duplicate recoveries by audit firms exceeded $5,000,000,000 (src h t t p: / / newsroom.accenture . com/article_display.cfm?article_id=4375). Note that only the biggest companies hire these kinds of firms, maybe the Fortune 5000.Since then, the trend towards automation of accounts payable held the promise of reducing this type of lost profits, but, as Accounts Payable staffing dropped, error rates from duplication stayed flat... at about 1 for every 5000.
