It depends on the language of the Will. Depending on the language, it could pass to the deceased beneficiary's estate or it may lapse.
In a properly drafted will there is a clause called the residuary clause that provides for any property not specifically devised, any property that comes into the estate after the death of the testator (wrongful death proceeds, etc.) and for any property from a devise that has lapsed for any reason. The residuary clause dictates who will receive that property. If there is no residuary clause the testator's "left over" property passes according to state law as intestate property.
If the gift was made to Elizabeth, per stirpes, the gift would pass to Elizabeth's issue (children born of her body or adopted) if she predeceased the testator.
If the gift was made simply to Elizabeth and she predeceased the testator, the gift would lapse and pass to the residuary estate.
A person who has died.
If the named beneficiary was alive when the person leaving them something in a will died, then yes it would go to the heirs the named beneficiary. However if the named beneficiary died before the person leaving them something in a will died, then no the named beneficiaries heirs would get nothing. You can not leave a dead person an inheritance.
In the state of California, if a person passes away intestate the named beneficiaries will stand. That being said, your stepmother could not supersede on the pension in California if she is not a named beneficiary.
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It varies based on state law, but generally a dead person is disqualified from receiving from the will. Typically, a will includes a residuary clause which names a person or entity that is to receive any remaining assets. The cash would be included with those remaining assets. If there is no further person named or they are dead, then the estate would be treated as if the person died intestate (without a will). Each state has rules for who would inherit in this event. Generally, it is first spouse, then children and goes on from there.
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If a co-executor dies, the surviving co-executor becomes the sole executor. Papers issued by the probate court that state that there are two co-executors have to be changed to show that there is only one now. The procedure to do that is set by each particular court. You also have to see if the will says something different. Sometimes a person wants 2 or more people as executors at all times. That person might appoint coexecutors and provide that in the event of the death of one coexecutor another person shall be added.
Generally, the probate of the first estate would need to be completed. If the next of kin who died is the only heir and was living when the first person died then that person's estate would need to be probated.
Power of attorney has no effect on lifetime rights, except that now the person named in the power can exercise the rights in the name of the person who gave the power.
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