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Most wills have a provision providing for payment of funeral expenses out of the proceeds of the estate. Check the deceased's will to see if this indeed is the case. If so, a beneficiary (or any other person for that matter) who pays the funeral expenses should be reimbursed. As a side note, the expenses associated with the funeral are usually deductible expenses when filing the estate's inheritance tax return. Check with either an estate attorney or the register of wills (or Orphan's Court) of the county where the will was probated (or will be probated). You should be able to get the answers you need from the register of wills.
What else can I help you with?
If no beneficiary is named and there is a will and durable power of attorney can the person named receive the life insurance be assigned to the funeral home to pay the burial costs?
First, the Durable Power of Attorney was extinguished when the principal died. You can no longer use it. The authority to handle the estate assets is in the executor. If no beneficiary was named on the life insurance policy then the proceeds will be made payable "To the estate of Jane Smith". In that case the proceeds are part of the estate. The appointed executor would have the authority to cash the check and pay the funeral expenses.
If there is no money to pay funeral costs in the estate who is responsible?
If there is no money to pay funeral costs in the estate the executor is not personally responsible. The estate can be sued to have any assets sold and the funeral home is paid first.
Should the executor be compensated for his costs of attending the funeral?
That seems pretty cheap to me. I would hope the court would not approve it.
How can life insurance be used to cover the costs of a funeral?
Life insurance can be used to cover the costs of a funeral by providing a financial payout to the beneficiary upon the policyholder's death. This payout can help cover funeral expenses, such as the casket, burial plot, and other related costs, easing the financial burden on the deceased's loved ones.
Can you explain who is liable for funeral expenses from this i give devise and bequeath all the remainder of my real and personal property wheresoever and whatsoever to which may be entitled?
This clause of a will only directs that an estate be divided equally, you would not be able to tell who was responsible for funeral costs, however, the executor of the estate would be responsible as they are appointed to deal with the deceased's estate, which includes their debts, which the costs of the deceased's funeral is one of the first and foremost debts to be recognised.
Can a 50 percent life insurance beneficiary be forced to pay 50 percent of the funeral costs?
There is no requirement that they do so. The life insurance is a contract between the deceased and the company.
Will buying funeral insurance cover all expenses?
More than likely, no. As the costs of funerals rise over the years, loved ones may still have to dip into a major life insurance policy to help pay for a funeral. The funeral home is usually listed as the beneficiary.
Does the beneficiary of a life insurance policy have to pay for the deceased funeral cost or should the estate pay for it?
The beneficiary of a life insurance policy is not responsible for paying for the deceased's funeral cost using the money from the proceeds of the life insurance policy. The estate of the deceased is responsible for paying for the funeral cost from the proceeds of the estate.
What if there is not an estate to pay for the funeral does the beneficiary of life insurance policy have to pay?
The life insurance is part of the estate not separate from it. In the UK and most other countries, all debts starting with the funeral expenses must by law be paid first from a persons estate. Once all funeral costs, debts and expenses are paid from the estate, only then can any monies be paid out (if there are any left after payment of such bills and expenses).United StatesWhen the decedent named a beneficiary on a life insurance policy the payout goes directly to the beneficiary and is not considered part of the estate. Being a named as a life insurance beneficiary does not oblige the beneficiary to pay for the funeral. The next of kin, if any, must pay for the disposition of the body. If the beneficiary is also a next of kin you may be successful in suing them for their share of the expenses.
Can you claim money put into deceased parent estate for funeral costs?
In most cases there will be a will. That will should include an executor and/or an attorney to deal with finalisation of all debts of the estate before disbursement. Provided there are sufficient assets, the attorney should be able to confirm acceptance of the bill for the funeral costs. In the first instance speak with the executor of the estate to determine this. Sadly, it may be that although the deceased has some assets, occasionally there are far more debts to cover than assets can provide. This presents a challenge for any other costs. However, numerous countries and regions have laws in place to ensure that the funeral cost is considered primary in settlement before other debts.
Could I get Medicare to reimburse the purchase of a used handicap van?
A handicap van is not consideres a medical necessity. Medicare does not cover or reimburse you for the costs of a handicap van.
Can an executor find ways to keep one of his sibling from receiving an inheritance as outlined in the will by directing executor fees toward that sibling's allotment or other methods?
No. An executor cannot take his fees from one beneficiary's share of the estate. He must follow the instructions in the will. He must perform his duties honestly and according to the law. The debts and costs of probating the estate come out of the assets first. If there is not enough left to pay the full amount of the legacies then they must be pro-rated equally. The executor cannot discriminate against one beneficiary.
