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Can family members or bank contest an ex girlfriends who was left as beneficiary to their loved ones life insurance?
No. The proceeds will be paid to the named beneficiary.
Can an estate be named as a beneficiary in a will or trust?
Yes, an estate can be named as a beneficiary in a will or trust.
Can an executor also be named as a beneficiary in a will?
Yes, an executor can also be named as a beneficiary in a will.
What if no beneficiary is named on a life insurance policy and they have a spouse what happens?
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
Does an account become part of the living trust through a pourover will if a beneficiary is named on the account?
NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.
What if the Executor is a non family member and has also been named beneficiary of items in the estate?
Anyone can be appointed as executor. And anyone can be named a beneficiary. It is often done to take care of friends.
Can a executor be beneficiary of a will and insurance policy of the decedent?
Yes, it is very common that a member of the family be named as executor.
Is surviving spouse the legal beneficiary of a life insurance policy if a different beneficiary is named?
No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.
Is an in trust for ITF account part of an estate?
No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.
Can a trust be named as the beneficiary of a certificate of deposit (CD)?
Yes, a trust can be named as the beneficiary of a certificate of deposit (CD).
Who becomes the beneficiary of a CD when the designated beneficiary is deceased?
Generally, when the named beneficiary is deceased and there is no contingent beneficiary named then the account will revert to the estate of the owner and pass as intestate property unless there was a will with a residuary clause.
If you are the step-nephew of an aunt who died and named you as the beneficiary of the life insurance can you still claim it?
If you are the named beneficiary then of course you can claim it!
