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What happens if the beneficiary of a life insurance policy is not the spouse- does the spouse need to sign a spousal consent?
Are you referring to a group policy offered through work or an individually owned life insurance policy?
For individual life insurance policies, the owner of the policy has complete control and can name anyone they like as the beneficiary, and the owner does not need spousal permission to do this.
What else can I help you with?
Do you need spousal consent to name another beneficiary on your IRA in Kansas?
no
Do you need spousal consent to change your IRA beneficiary in Alabama?
That is a federal requirement. Retirement benefits always have to be done in conjunction with the spouse.
Do you need spousal consent to name another beneficiary on your IRA?
Yes, the beneficiary of an inherited IRA (AKA beneficiary IRA) can name a beneficiary to that account. In the past, this was not really allowed so some form may still practice as such.
Does the law require that I provide life insurance on myself for spousal support after divorce?
Laws vary from state to state and other countries. The divorce decree can specify that the spouse be named a beneficiary on a life insurance policy of a certain amount.
Will a death benefit from a life insurance policy for spousal support be taxable to the beneficiary?
The death benefit of any life insurance policy with properly named beneficiary is federal tax free. What you do with the money...may be taxable. Fear not, you are in the clear. 4lifeguild It also depends on who paid the premiums. If a company paid, and deducted then it's a good chance the proceeds will be taxable.
If a man names his brother beneficiary of a life insurance policy and not his wife can she still collect?
Depends on the state in which you reside. If you live in a community property state such as California or Washington, the spouse has to have signed off and had the signature notarized for the spousal rights to be waived.
Can you sell a house without spouse consent in nc?
Yes, you can sell a house without spousal consent it their name isn't on the mortgage. If their name is on the mortgage, you will need their consent.
What kind of insurance would cover a mortgage in the event of a spousal death?
Credit life insurance, Mortgage insurance, or decreasing term insurance.
In MI Can one spouse buy a property cash without the consent of the other spouse?
With cash of course......Yes... Spousal Consent would be needed if the property was to be purchased by taking out a loan in both spouses names...But there are no laws requiring spousal consent for another spouse to make cash purchases of property...
Can you buy life insurance on your de-facto husband?
If you will somehow suffer a financial loss upon his death, then you should be able to. An example would be if he is paying some sort of child support or spousal maintenance. He would need to be aware of that policy and assign you as a beneficiary.
Can you get a Tubal ligation without spousal consent?
yes, although I would advise that if you are married you do consent your spouse, no adult with full mental capacity needs another adults consent to have surgery
Why is there a spousal surcharge for health insurance?
A spousal surcharge for health insurance is often implemented by employers to offset the additional cost of covering a spouse on the health insurance plan. This is done to manage expenses and encourage employees to consider other coverage options for their spouses if available.
