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If the beneficiary on a pension declaration is not the same as the pension beneficiary in a will - does the will override the declaration?
Wiki User
∙ 9y ago
In most cases the pension will override. It is a private contract that is independent of what the will says.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoyes
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Is a pension paid to a beneficiary an inheritance?
Yes and the distributions from the pension plan will be taxed to the beneficiary in the same way that they would have been taxed to the deceased.
Is it legal to have two insurance policies for the same beneficiary under a different contract?
Yea, if you have two different contracts and the beneficiary is the same, you can have two different policies which is legal.But against same contract, you cannot take two policies when the beneficiary is the same which is illegal.
Can there be a trustee and beneficiary to an irrevocable trust?
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
How is the Executive Branch Pension?
The Executive Branch pension for the President is $200,000 a year. The Vice President only receives a pension if he serves five years and then it is the same as the pension of Congress members.
Does to the issue of deceased beneficiary have the same meaning as surviving issue of beneficiary?
No, not exactly.The issue of a deceased beneficiary includes any issue that has predeceased that beneficiary.Surviving issue means only the issue living at the time of death of the beneficiary.
Can the policy owner and the beneficiary be the same person?
Yes.
Are Social Security Benefits same as a pension?
NO.
Can a executor be the sole beneficiary of mothers will in Massachusetts?
As long as the will was properly drafted and is allowed by the court the executor and the beneficiary can be the same person.
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.
What will my state pension be in England?
The same as in the rest of the UK.
Is profit sharing the same as pension?
yes yes
If your spouse retires from in Nycers pension tier 1 and you also work for the same if he passes and his pension options leaves it to you are you eligible to claim your own pension when you retire?
Yes, you earned your pension and the fact you are getting his has nothing to do with getting yours.
