If the estate was probated in court the estate becomes a public record. You can review the file. You may read the will, review the inventory for all the real and personal property listed and the value of the property, and then review any statements regarding distribution. You can also review the final account once it has been filed. If you have any questions, you can direct them to the executor and/or the attorney who is handling the estate.
A beneficiary does not have to accept an inheritance. Their share or that item will go back to the estate to be distributed in another manor.
Not if the trust was properly drafted by a professional.
Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.
Depends on how the policy owner want the death benefits distributed. It usually even, but it has to add up to 100%.
As long as the will was properly drafted and is allowed by the court the executor and the beneficiary can be the same person.
The actual claim paymet would go the the estate of the deceased and distributed according to his/her will.
The beneficiary chosen by the policy owner would be the legitimate beneficiary. If no beneficiary was named then the retirement account will be paid to the estate and will be distributed to the heirs-at-law under the state laws of intestacy. You can check your state laws at the related question link provided below.
If there is no designated beneficiary for an account or policy, the default law typically designates the estate of the deceased as the beneficiary. This means that the assets or funds from the account or policy would be distributed according to the instructions laid out in the deceased's will or according to the laws of intestacy if there is no will.
If the beneficiary predeceased the testator and there is no contingent beneficiary named in the will the property will be distributed as intestate property under the state laws of intestacy as if there was no will. You can check the laws of your state at the related question link provided below.
Corporations owned by a decedent are u sually distributed by issuing stock certificates of the corporation equal in value to the ownership interest the decedent had in the corporation. The number of shares each beneficiary receives is determined by the percentage of the estate each beneficiary receives in the will.
Yes.
That is the beauty of life insurance~! With a properly named beneficiary there are no taxes and it avoids probate!