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Can a policyowner change beneficiaries if it is irrevocable?
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 executor of will change beneficiary after death?
Can an executor of will change beneficiaries before or after death
Can I change the beneficiary of my pension?
Can I change the beneficiaries of my private pension from my husband to my two sons
As the Trustee ITF can you have the beneficiary changed?
As the Trustee of an Irrevocable Trust Fund (ITF), you typically cannot unilaterally change the beneficiary. The terms of the trust document govern any changes, and modifications may require the consent of the beneficiaries or a court order, depending on the jurisdiction and specific circumstances. If you're considering a change, it's essential to consult legal counsel to ensure compliance with the trust's terms and applicable laws.
How do you became a beneficiary of your grandmothers existing life insurance polices?
The only way is to have your grandmother change her beneficiaries.
How does the beneficiary of a will prove to renters that he is the legal owner of the property?
In order for title to real property to pass to the beneficiary legally, the estate must be probated. The "beneficiary" needs to provide proof to the tenants that they are the new owner of the property. The beneficiary's source of title is the probated will filed in probate court. If the beneficiary wants to have the property conveyed to her/him by deed, that can be arranged through the attorney who handled the estate. A letter from the attorney who handled the estate would be the appropriate way to notify the tenants of the new ownership. In fact, the tenants should have some official notification of the change in ownership so they know they are paying their rent to the right party. You should discuss this matter with the attorney who handled the estate and get some legal advice about your new role as a landlord.
If there are two beneficiaries and one dies previous to the insured do proceeds go to the surviving beneficiary or half to the dead beneficiary's heirs?
There is no single answer to your question because the facts may be different in different cases. First, the insured should change the beneficiary designation if a named beneficiary dies before the insured's death. That will avoid problems later.A beneficiary designation may include additional instructions when two or more beneficiaries are named. First, the insured can name "contingent" beneficiaries who will take a deceased beneficiaries share- on any life insurance policy. Second, the beneficiaries may be named as beneficiaries "per stirpes" or as "joint with the right of survivorship" where if one dies their share passes to the survivor.You need to check the designations on the particular insurance policy, the policies of the particular insurance company and the laws in your jurisdiction.
What happens if beneficiary named on life insurance policy dies before the policy holder?
The policy holder has the choice to change the name of the beneficiary at any time, including after the death of a named beneficiary. If the policy holder doesn't change the name of the beneficiary after the beneficiaries death, depending on what state you live in it goes to next of kin.
Can a trustee change the financial make up of the irrevocable generation skipping trust for the benefit of only one beneficiaries?
The trustee has only the power that is set forth in the trust document. You should review the trust document to determine if that specific power was granted to the trustee.
Can a named beneficiary on an accidental death insurance policy be disputed by the other beneficiaries?
Keep in mind that anyone can dispute anything almost anytime. The answer is yes, but the disputing beneficiaries would have to claim and prove the disputed beneficiary unduly influenced by that beneficiary to be added to the policy or that the insured made the change when he/she lacked the mental capacity to do so. There are other legal theories to be used in such a case as well.
What if a trustee is forced to change a trust due to alzheimer's or dimentia?
A trustee cannot make changes to a trust unless they were given that authority in the trust instrument. If they were not given that authority then the terms of the trust can only be changed by a court of jurisdiction.
Can a husband change his wife as beneficiary of his life insurance policy without notifying her in the state of California?
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.
