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Who benefits from a will when one of the beneficiaries die does it go to the children?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
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How can you create a trust deed that would take in an insurance policy having your children as beneficiaries?
Only in the Married Women Property Act policy, you need to make a trust and your wife and your children will be beneficiaries only. But you can not surrender or assign this policy to any one.
Who recieves the benefits or money from a life insurance policy upon the death of the insured?
The person, company or trust that is specified under "Beneficiaries" section in the insurance policy will receive the life insurance benefits. If the beneficiaries are more than one, the benefit is split according to policy details, or policy schedule pages.
Trust deed leaves property to 4 adult children and Both parents have now passed away What if one of the four die Where does their share go?
If the deed is silent, the decedent's share passes to the decedent's estate (to the decedent's heirs, if no Will, or beneficiaries, if there is a Will). If the deed is silent, the decedent's share passes to the decedent's estate (to the decedent's heirs, if no Will, or beneficiaries, if there is a Will).
Do you receive your husbands social or do his grown children that are beneficiaries in his will?
Generally, social security benefits pass to the spouse, but there are many factors involved, such as the surviving spouse's age, whether they are disabled, and whether they are caring for young children. But the children can also receive benefits if they are under 18, between 18 and 19 and are full time students in an elementary or secondary school, or over 18 but severely disabled were the disability started before age 22. Assuming no one is disabled in your scenario, and assuming the wife is over 60 years old, the wife can collect the husband's benefits.
Do beneficiaries get value of property at time of first death or value at time of second death?
A person can only die once. The property is valued at time of death. The only one the beneficiaries care about is the value at the time of the death of the person they are inheriting from.
If there are two beneficiaries one dies do my parents need to change their will?
They don't have to change the will, but it is a good ideal. If both beneficiaries die, then it is considered 'intestate' without alternates, and state law will determine the inheritors of the estate without indication from the deceased about their wishes.
How much increase could one expect from divorcee SS payments to widow benefits?
A former spouse can receive benefits under the same circumstances as a current spouse or widow/widower if the marriage lasted 10 years or more. Benefits paid to a surviving divorced spouse will not affect the benefitrates for other beneficiaries.
What is the verbiage used in a Per stirpes beneficiary designation?
It is a type of life insurance policy beneficiary designation in which the life insurance benefits are divided among a class of beneficiaries, typically the children of the insured. Best explanation is an example: An insured has two children, and each of those children have two kids. If his children are listed as equal primary beneficiaries, they split the proceeds 50/50. However, if one child predeceases the insured, the surviving child received 100% of the proceeds. If the bene designation is the insured's children per stirpes, they still split the proceeds 50/50 if both alive when the insured dies. However, if one child predeceases the insured, the surviving child only receives 50% of the proceeds and the children of the deceased child will each get 25%, splitting the 50% that was designated for their deceased parent.
Your kids grandfather had a policy and they were one of his beneficiaries and you think that their non custodial father has received their money what can you do to find out?
If the children are the primary beneficiaries and they are under 18, then the company is required to hold the benefit money for them until they turn 18. This is federal law and there is nothing else that can be done to access that benefit.
Can a home sell even if one of three children beneficiaries refuses to sign off on it?
The beneficiaries do not have to sign off on the sale. The executor has to have the judge sign off on the sale. The other party could purchase the home from the estate if they wished and the judge allows it. Consult a probate attorney for the process.
If you take out a 50000 whole life policy and paid one annual premium and you die one year later what do your beneficiaries receive?
One year later you are still within the contestibility clause so as long as you did not die of a undisclosed pre-existing health condition than your beneficiaries would receive the full $50,000. Or suppose you lied on the application and said you did not smoke and in fact you did, the insurance co. may pay the claim based on how much insurance your premium would buy at smoker rates. If not, your beneficiaries would receive a return of premium.
How do all beneficiaries on a life insurance policy split the money?
They split it evenly unless the insurance policy specifies that the proceeds are to be divided among several beneficiaries in some other way. Sometimes a policy can be payable to a spouse and children, with the spouse getting one size share and the children dividing the rest among themselves. The owner of the policy has the right to specify who gets how much.
