Yes, the executor must contact you. They are required to execute the will to the full extent possible.
No, the relative would need to be included in the will, be named as a beneficiary or power of attorney, or be owed money by the estate. The executor of the estate will be in touch if any funds are available.
Generally speaking a person can only contest a will with sufficient legal standing, meaning that his is named as a beneficiary in the will.
NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.
Yes, that is often the case when a spouse dies. It saves the estate money.
No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.
Generally, when the named beneficiary is deceased and there is no contingent beneficiary named then the account will revert to the estate of the owner and pass as intestate property unless there was a will with a residuary clause.
If you are the named beneficiary then of course you can claim it!
No, the insurance money goes to the beneficiary named in the policy. If the beneficiary is not named, or the estate is named, it will go into probate.
The bank account should pass to the named beneficiary.
A person listed as a beneficiary is the receiver of any proceeds from an insurance policy. They are normally named in the policy document or can be named in a will.