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Anyone the policy owner names can become the beneficiary.
Anyone the policy owner names can become the beneficiary.
If this is a hypothetical question - that is the insured is alive - then you should get it CLARIFIED and properly name the beneficiary in the mannner the insured wants his estate handled. If not, please send a copy of the beneficiary page so we can see exactly what was written. The proceeds most likely would be paid to son as beneficiary.
If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.
The purchaser of an insurance policy names the beneficiary.
yes. that would make u the sole beneficiary.
You can protest but the insurance company will pay the proceeds to the named beneficiary.
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Primary colors: Red, blue, yellow.
It the European equivalent of LLC and means "Limited Company", a form of partnership.
If the estate is listed as the beneficiary of the policy, the executor is bound to follow the wishes of the deceased, in which case the proceeds would go to the "residuary legatee" if no other claim is made on it in the will. If the insurance policy names your brother's wife as the beneficiary, then it goes directly to her and is not part of the estate; in fact, if the beneficiary is not the estate, it should go directly to the beneficiary in any event.
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