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Who should an adult single child name as their life beneficiary?
Wiki User
∙ 16y ago
An adult single child may name anyone they choose to be their beneficiary, if they own the life insurance policy. Some people you may want to consider would be anyone you are related to, someone who depends on you for financial support, a charity, your parents, siblings, or relatives.
Wiki User
∙ 16y ago
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Can an adult child be an executor and a beneficiary?
An adult child can be the executor. They can also be a beneficiary. They are required to be impartial when distributing the estate.
Is a spouse entitled to part of life insurance benefits even if child is named as beneficiary?
The policy is paid to the beneficiary. It should be placed in trust for the child if the child is a minor. If the child is an adult, the proceeds will be sent to the named beneficiary.
If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?
The purchaser of an insurance policy names the beneficiary.
Does adult child have rights to fathers estate in Canada?
An adult child is a natural beneficiary to an estate. If there is no will, and there is no spouse, they are likely to get the estate.
How does an adult child become beneficiary after parent death and no will?
If there is no spouse the child would be the next of kin.
Who should a single mom assign as beneficiary for IRAs or 401K plans?
Usually single parents assign the person they name as a caregiver for the child in the event of their death. In some cases, divorce papers may specify that the spouses name each other beneficiary until the child reaches legal age.
Can a parent or guardian be the wrongful death beneficiary of his or her adult child in Alabama or Nebraska if that child has no wife or children?
In Alabama, the parent would not be considered a wrongful death beneficiary of the adult child if there are no surviving spouse or children. In Nebraska, however, the parent could potentially be considered a wrongful death beneficiary if there are no surviving spouse or children. Each state has its own specific laws governing wrongful death claims.
Can you put your real property in the name of a minor as a trustee of a trust?
No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.
Can a widow be paid for unclaimed benefits designed to a child out of wedlock?
No, being a widow has no impact. The beneficiary has already been designated. As a designated beneficiary, the child or the child's legal gaurdian may have a right to receive the benefits on the designated child's behalf. The designation of the child as beneficiary under the policy by the Insured indicates the decedents clear intent that the child should benefit from the policy.
If an adult and child are on a seesaw with a movable fulcrum where should the fulcrum be moved to so that the child can lift the adult?
close to the adult.
When an adult child has died does her spouse now become the beneficiary of her parents will if he is not stated in the will?
That will depend on how the parents' wills are written. The wording will determine whether it is to be given to her estate or whether it should be divided between other beneficiaries of the will.
How do you put beneficiary in a sentence?
The child was the beneficiary of the old man's kindness.
