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What else can I help you with?
Can your brothers wife keep proceeds from insurance policy as executor of his will?
If the estate is listed as the beneficiary of the policy, the executor is bound to follow the wishes of the deceased, in which case the proceeds would go to the "residuary legatee" if no other claim is made on it in the will. If the insurance policy names your brother's wife as the beneficiary, then it goes directly to her and is not part of the estate; in fact, if the beneficiary is not the estate, it should go directly to the beneficiary in any event.
If my brother and father are dead and father owner of life insurance policy for brother and father named as beneficiary am I beneficiary before my brothers common law wife or my brothers adult son?
Questions that must be considered: (1) Who died first, your father, or your brother? If they both died simultaneously then your brothers's insurance policy wouuld go to your father's estate UNLESS a secondary beneficiary had been named. (2) Who are the named beneficiaries on your brother's insurance policy? It actually makes no difference what their marriage status was, it is the NAMING of a beneficiary that counts, NOT their family status. If no other beneficiary of the policy was named you may have to hope that your father's will included you.
What does an executor have to do upon brothers death?
They have to inventory and value the estate. Then they have to resolve all debts and taxes and distribute the remainder per the will or the state law.
What was Fred Goodwin's role at Short Brothers?
In 1990 Goodwin was appointed by the British government to prepare Short Brothers, Northern Ireland's largest industrial employer, for privatization.
Can you merge a beneficiary IRA with regular IRA?
The beneficiary form on an IRA is the first and most important part of receiving an inherited IRA," said Matthew Curfman, a senior vice president at Richmond Brothers Financial Management Specialists. "If you fail to name a beneficiary on your IRA it is highly likely that your beneficiaries will not be able to 'stretch' the inherited IRA over their life.
Can daughter because she took care of sick father make brothers repay 40000 to the estate if these were loans?
The daughter cannot demand the money, but the executor of the estate can. This sounds like a good time for a non family member to be the executor. The loans are a part of the assets of the estate.
You are the beneficiary of brothers life insurance that died in March and have not received the money - how long should this take?
No this is too long contact them immediately maybe they didn't get the proof you sent in. See what the hold up is.
If Mom was left life ins in uncles will but he did not change the beneficiary from dead brother of 30 years ago Who gets pay off My mom or dead brothers next of kin?
AnswerIt will depend upon the insurance policy, as there are contractual issues to deal with. If the policy is specific about the beneficiary, and they are no longer living, the money goes into the estate and the declaration of the will should be enforced.
If your brothers do not have life insurance and you need enough to bury them if need be what can you do if they won't sign?
Do they have enough money in their estate to pay for their burials? How about pre-paid funerals? It's their funeral, let them worry about it. Are you in their will? Whose the executor of their estate?
Are brothers an sisters responsible for a debt of a sibling deaceased even with a spouse?
Siblings certainly are not responsible. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
How much tax do you owe from being a beneficiary?
How much do i pay for the forms that i need to fill out of a relative who passed away in may, its my brother and i have three more brothers but they don't want anything to do with his belongings. So i am wanting to apply
When is the family notified about deceased brothers will?
When the estate is opened, all possible beneficiaries should be notified. In most cases service must be made before the court will issue a letter of authority to the executor. That allows everyone to know what is going on.
