The executor of the estate has the duty to maintain it. That means making sure that things stay intact and nothing goes missing.
They don't have to change the will, but it is a good ideal. If both beneficiaries die, then it is considered 'intestate' without alternates, and state law will determine the inheritors of the estate without indication from the deceased about their wishes.
To change the Executor or Executrix of a Will, you would need to create a new Will that specifically revokes the previous one and appoints a new Executor or Executrix. It is important to follow the legal requirements for creating a valid Will in your jurisdiction. It's advisable to seek legal advice when making changes to your Will.
No. In Canada, the irrevocable beneficiary must agree to any beneficiary change being requested by the owner, should the change being requested, change the entitlement of the irrevocable beneficiaries.
Can an executor of will change beneficiaries before or after death
Can I change the beneficiaries of my private pension from my husband to my two sons
The short answer is "No." The long answer is "How much money can you pay your lawyer?
That is up to her. Perhaps she is trying to tell you something - like "get lost".
There should be no changes required to the existing accounts. The monies should be moved into an estate account.
Not automatically. The policy holder would have to make any changes they wanted to on the beneficiaries personally. Otherwise the staus quo holds true.
Yes. The owner of a life insurance policy can change the beneficiary at any time. If there are divorce proceedings or child support involved, these things matters often include court orders preventing the change of beneficiaries.
The only way is to have your grandmother change her beneficiaries.
Life insurance rules regarding beneficiaries dictate who will receive the death benefit when the policyholder passes away. The policyholder can choose one or multiple beneficiaries, specify the percentage of the benefit each will receive, and can change beneficiaries at any time. It's important to keep beneficiary designations up to date to ensure the benefit goes to the intended recipients.