If he put you in as the beneficiary, then Yes. Look at the policy and find where it says beneficiary to make sure.
Beneficiary = benefits from Benefits from the execution of a will / payout from an insurance policy etc.
If you are a beneficiary of a will you will be notified when the will is presented to the court for allowance and appointment of an executor.
A secondary beneficiary is a person who would receive the benefits of a life insurance policy or retirement plan in the event that the insured person dies and the primary beneficiary has also passed away. Then, the secondary beneficiary would receive the benefits.
The bank account should pass to the named beneficiary.
The type of tax that is levied on the beneficiary share of an estate is known as inheritance tax. This will be assessed based on the legacies the beneficiary receives.
The beneficiary's share goes into their own estate.
inheritance
inheritance
A beneficiary does not have to accept an inheritance. Their share or that item will go back to the estate to be distributed in another manor.
If you are the sole beneficiary, no, your siblings have no right to the benefits.
You should keep detailed records with copies of checks used to pay the expenses. When the property is sold, the beneficiary's share of the expenses should be deducted from his/her share of the proceeds and that amount should be added to the share of the proceeds distributed to the other beneficiaries.
If the deceased has no children, yes. Otherwise the children share in his estate. This may vary by State.
Not unless the sister is willing to share the proceeds. The money belongs to her.
Possibly yes. That depends on whether a tenancy was also recited. Generally, if the three who were named as beneficiaries were to take as "joint tenants" then the share of any deceased beneficiary would pass to the other beneficiaries. If the document was silent as to a tenancy then generally, the share of a deceased beneficiary would pass to their own heirs.
Their share goes into their estate.
If the will directs that the children should share equally in the estate and you are a biological or adopted child of the decedent who was inadvertently omitted from the will then you can claim a share. You should speak with the attorney who is handling the estate. You can probably be added as a beneficiary by simply submitting a form to the court along with proof of your relationship (birth certificate or adoption papers.)