0
The "Rights" of a beneficiary are normally outlined by the will in place, taken in conjunction with state laws. If there is no Will, then state law prevails as to the rights of the estates inheritors.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoThe beneficiary has the right to receive the profits from the trust as set forth in the trust instrument. The beneficiary also has the right to expect the trustee to perform their obligations efficiently and expeditiously as directed by the trust instrument with no mishandling of the trust property. The beneficiary has the right to bring an action in a court of equity if they believe the trustee has failed to perform their obligations according to the terms of the trust.
Add your answer:
Earn +20 pts
Can you leave music rights to a beneficiary in a will?
Generally yes.
If you take out a life insurance policy name your father as beneficiary and then get married but don't change the beneficiary to your spouse does the spouse have any rights to the policy?
No. The beneficiary is whoever is specifically named on the policy.
If mother-in-law is beneficiary on single grownup grandson life insurance policy does the mother of the son have any rights?
Answering "If mother in law is beneficiary on single grownup son life insurance policy does the mother have any rights?"
What are the child's rights to life insurance of deceased father that terminated his parental rights?
The life insurance proceeds are owed to the beneficiary(s), regardless of parental rights.
Beneficiary rights in pennsylvania bypass trust?
I have a trust ,but the trustee will not allow me to veiw my acctount.
If the executor asks a lower price for a property than the joint beneficiary wants what are the rights of the beneficiary?
The executor has a duty to the estate to bring the best possible price for the liquidation of the assets. The executor will list the property for what it is worth, not what the beneficiary wants.
What are the Beneficiaries rights in an estate?
"Rights" may not be the appropriate term. A beneficiary has a "claim" to the estate, arising from their inclusion in the will. Anyway, to get to your question, a beneficiary should be given a copy of the will, so that they may view their entitlement, and the entitlement of all the other beneficiaries. Also, the Executor should contact you and inform you of their progress administrating the estate. As a beneficiary, you may have legal recourse if you do not think the Executor is administrating the estate correctly.
What rights does the beneficiary of a joint bank account have when the other joint owner is deceased?
When two individuals have a joint account together and one dies the other is the sole owner of the account. The survivor is not considered a 'beneficiary'. They have all the rights that any account holder would have in any account.
What rights does a beneficiary and third heir have in an amended living trust?
They have no rights in the trust. The trust has already been established. They may be able to get help from a trust attorney.
What rights have as beneficiary in will when not the executor?
All the rights required. He or she does not need to be an executor to receive any bequest. It is the responsibility and legal duty of the executor to carry out the wishes of the deceased.
What rights do your deceased husbands children from a previous marriage have if you are the beneficiary of the policy he took out during your marriage?
They have no rights in that particular policy. The proceeds will be paid over to you bypassing probate.
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
