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What else can I help you with?
Can a beneficiary to a financial instrument be changed by a will?
yes
Can the beneficiary be changed after a death?
No. Only the owner can choose the beneficiary. Once she's died no one else can make changes to the beneficiaries she elected to choose.
What is the definition of a permanent beneficiary?
I think that you're refering to an "irrevocable" beneficiary. This means that the beneficiary designation can only be changed if both the policy holder (owner) AND the current beneficiary sign off on it.
Can you contest the beneficiary on your husbands life insurance?
No, you can get him to change the beneficiary and then the money that is claimed will be yours if it has been changed by your husband to your name.
There is no beneficiary on my mother's life insurance policy?
If no beneficiary is listed on a life insurance policy then the benefits are payable to the insured's estate. The beneficiary can be changed at any time prior to the death of the insured if this is the person's desire.
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
Is it possible to obtain life insurance for another person with their consent without allowing them to change the beneficiary?
Yes. The policy is controlled by the "owner"of the policy. If the insured person is the owner, then the beneficiary should be written as "irrevocable." An "irrevocable" beneficiary can only be changed with the consent of that beneficiary, regardless of who the policy "owner" is. Hope this helps.
Can the beneficiary on a life insurance policy be changed by the executor?
No, the beneficiary of a life insurance cannot be changed by the executor unless he's the owner of the policy. The proceeds of a life insurance policy, unless the benefciary of the policy is the estate, are not subject to any conditions of the will. It is outside of probate.
What does irrevocable beneficiary mean?
An irrevocable beneficiary is someone named in a life insurance policy or retirement account who cannot be removed or changed without their consent. This designation provides the beneficiary with guaranteed rights to any proceeds from the policy or account once the policyholder passes away. The policyholder cannot modify the beneficiary designation unilaterally once it is established as irrevocable.
I am the second wife my husbands original life insurance policy names his first wife as beneficiary which was never changed can i protest the payout?
You can protest but the insurance company will pay the proceeds to the named beneficiary.
How do you get the beneficiary name changed on savings bonds if the owner has died?
If the owner of the savings bonds has died, then the bonds are inherited by the beneficiary, unless the beneficiary has also died in which case the bonds go to the estate of the beneficiary. If you don't want the bonds to be inhertied by the named beneficiary or the estate of the beneficiary, I would like to know what legal basis you have for taking control of those bonds. We already know that you are neither the owner (who has died) nor the beneficiary. So what is your claim based upon? I doubt that you have any legal basis to change the benefciary.
Can an irrevocable trust be changed or a new one created if never funded?
Can an irrevocable trust be changed or a new one created if never funded; without beneficiary consent?
