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The only reason a beneficiary would add money to an estate would be if they owed money to the estate at the death of the deceased.

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13y ago

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What if there is a life insurance policy out on you but the benifecery died?

If the only beneficiary of a policy dies, the benefit is paid to your estate, therefore can be taxed as an estate. You can call the company or your agent to add another beneficiary(ies).


Can you add to your estate money given to you in a trust?

Generally: Money given to you "In Trust" is not your personal property. It is not part of your individual estate. You would hold that money as a trustee for the benefit of others.


If you are a beneficiary and someone from the bank contacted you how will you know that it's legitimate?

Go to the bank and see what the correspondence is all about. If they ask you for identification and hand you a check then you know it's legitimate. If someone is asking you for money that's a good sign it is a fraud. Do not send any money. You can add more details on the discussion page.


What are the rights of a credit card company when someone dies owing money and has no estate but has life insurance?

If the life insurance policy has a named beneficiary creditors are not entitled to any portion nor is the beneficiary legally obligated to pay any of the deceased's debts. Family members are not responsible for the repayment of the debts of the deceased unless they were a joint account holder. The exception in some cases and relating to specific debts, a surviving spouse may be held accountable for the deceased spouse's debts regardless of how the account was held if the couple resided in a community property state at the time of death. Macky ... I don't mean to keep on stepping on your answers, which are most certainly well informed and wise....this is just to add or perhaps clarify. the questioner should understand that When someone dies, they have an estate. It may not have much, if anything in it, but legally, their final affairs must be resolved and accounted for. There is a probate, essentially the making and resolving of the estate, even if verry small/easy/basic required to do this (in most all States). If there is an insurance policy with a specific beneficiary, it will not become part of the estate. It goes to the beneficiary outside of the probate/estate. If there is no named beneficiary, or the beneficiary is the estate (which is the case in a very large number of insurance policys), the money would go there and would be distributed according to the needs of the estate and the laws of the State. Which would mean the debts of the decedent would have to be paid by it.


What happens when money is left in a estate and that person who should get the money is deceased?

It depends on the details: whether there is a will, whether the beneficiary died prior to the decedent, the language in the will, the state laws of intestacy, etc. You need to consult with an attorney or add more details on the discussion page.It depends on the details: whether there is a will, whether the beneficiary died prior to the decedent, the language in the will, the state laws of intestacy, etc. You need to consult with an attorney or add more details on the discussion page.It depends on the details: whether there is a will, whether the beneficiary died prior to the decedent, the language in the will, the state laws of intestacy, etc. You need to consult with an attorney or add more details on the discussion page.It depends on the details: whether there is a will, whether the beneficiary died prior to the decedent, the language in the will, the state laws of intestacy, etc. You need to consult with an attorney or add more details on the discussion page.


What leasehold improvements would add value to real estate i.e. is carpeting considered to add value?

i don't know but you should ask your elders nimrod


How do you add beneficiary in kotak mahindra bank?

Log in to your net banking, then go to transfers, you will see an option to add a beneficiary. Just put the account details of the person & submit you will recv a code on your registered mobile. Just click on active beneficiary and enter the code. You can now transfer funds to that account Thanks


What causes every outlet on the same circuit to spark and crack loudly when inserting a 3 prong plug?

Wow I don't know but could you add me as a beneficiary on your fire policy?


How do you get money in racing live?

Buying real estate, doing street jobs, and racing get you money. But to get it fast, you should add the code j6vx6v. It really works I got it off a website. You should try it. It is not fake. :)


When closing a real estate deal what will the real estate broker do with the deposit?

The earnest money deposit is held in an escrow account until the closing takes place. At closing the earnest money is either credited to your side to add to your down payment or it can be credited back to you in the form of a check. If your deal does not close there are different rules in each state as to how the earnest money will be handled.


How to add my HDFC account number in SBI's third party beneficiary?

One full business day to take


Is a general power of attorney allowed to add self as contingent benefactor on life insurance policy?

It is the person you are naming that has the power of attorney that can be the contingent beneficiary. You would be better to create a trust and make the trust the beneficiary