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Does the executor of the will have authority over how the beneficiary spends the insurance money?
No, executors are only involved in determining who to give money to, but they can't control what is done with the money by the people who receive it. Once you inherit money it is yours, to do with as you will.
Sometimes wills have conditions attached to them. For example, my son will inherit $50,000 but only after he gets married. That restricts his ability to inherit the money, by placing a condition on the inheritance. However, once he does get married and does inherit the money, he can still spend it any way he chooses.
If I were to say "My son will inherit $50,000 but I require him to spend it wisely" there is no way to enforce that. I might advise him to spend his money wisely, but in the end he will spend it the way he wishes, wisely or foolishly.
What else can I help you with?
What happens if an executor spends money that has been left to others and he wants them not to have any?
An executor who spends money improperly can be sued to have him return the money, pay for interest lost on the mispent money, forfeit his commissions and perhaps be removed as executor. These are civil actions to be brought in probate court mostly. He may also be charged with criminal theft .
What happens when the executor spends the estates money and does not pay bills?
They have breached their fiduciary duty. They can be held liable and prosecuted for theft.
What average amount spent on car insurance?
i would say the average persons spends 12 to 1500 a year
How do you use actuary in a sentence?
An actuary is a person, employed by an insurance company, to assess the risk, and decide on the rate of premium.
What do you do when your friend becomes distant depressed and refuses to talk to anyone and her best friend and spends her lunchtimes alone and isolated?
I will try to get the higher authority to find out her problem
What is cost of Hire for auto insurance?
This is the cost a company spends in a year on vehicle rental expenses. It is used to rate for hired Auto liability coverage.
Who spends government money?
The government spends it.
What if the executor of a living trust spends all the money that was in a bank account to maintain the estate for his own personal use Now there is no money to maintain the estate.What can be done?
A living trust has a Trustee (not an executor). You can bring a lawsuit against the Trustee. In the lawsuit the trustee will have to show what was done with the money, and the court will judge whether it is against the law or not. The trustee has a fiduciary responsibility and if that is violated, and there is proof, the trustee will lose the lawsuit and you will win damages.
What is the past tense of spends?
The past tense of "spends" is "spent."
A man spends one fifth of the money in his wallethe then spends one fifth of What is lefthe spends 36.00 in all how much money did he start with?
started with 100
What are uninsured persons called?
People are uninsured for a variety of reasons. Some have conditions that insurance will not cover. Sometimes, insurance companies drop people because their condition will be too expensive. Recently insurance companies have been exposed as dropping people just to improve their earnings. Some companies no longer offer insurance to their employees. When people lose their jobs, they also lose their insurance. Many people can't afford insurance. I think uninsured people should be called unfortunate, especially in a country that spends tax dollars on research that the majority of the citizens can not take advantage of.
What has the author R K Shukla written?
R. K. Shukla has written: 'How India earns, spends, and saves' -- subject(s): Statistics, Income, Household surveys, Insurance, Saving and investment 'How India earns, spends and saves' -- subject(s): Income, Statistics, Saving and investment, Consumption (Economics) 'Impact evaluation of operation flood on rural dairy sector'
