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This would be a conflict of interest.
The beneficiary is the person who will receive the estate after the person who the will is written for dies.
In fact this is probably specifically illegal in most places.
AnswerThe beneficiary cannot write the will. A will must be written by the testator unless they have a physical disability that prevents them from signing it. In that case it should be drafted with an attorney in charge.
What else can I help you with?
Should statements of accounts be sent to beneficiary?
what information should executor give to beneficiary regarding accounts.
Can there be a trustee and beneficiary to an irrevocable trust?
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
How-to write a leter for police verification?
A how-to letter for police verification should include the date, the beneficiary's name and address. A sample letter should also include a request of what is needed with an explanation of why it is necessary.
Can you name someone older than you as your beneficiary on your life insurance policy?
Yes. You should also name a contingent beneficiary in case the primary beneficiary predeceases you.
Can you write a sentence with the word beneficial in it?
The vacation was very beneficiary to my dad's health
What would a sole beneficiary expect to receive?
A sole beneficiary should, in theory, receive the entire estate, minus the fees of the executor.
Can one beneficiary of an estate be responsible for the estate debts if the other beneficiary is the beneficiary of an annuity?
You have a very good question. If you are the cash beneficiary of the estate and the other beneficiary receives an annuity, the costs of settling the estate will come out of the cash. You should frame a motion to have the court review the matter and render a decision regrading the issue. The court may decide the other heir should pay a portion of the costs.
If boyfriend dies and you are named as beneficiary and executrix in will and there is a beneficiary on bank account who may be another person can I pay the loan and keep the vehicle in Vermont?
The bank account should pass to the named beneficiary.
What does it mean when the beneficiary of a life insurance policy is the employer but there's a surviving spouse who is not listed as a beneficiary?
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
Can my primary beneficiary be executor?
Yes. However, they should not be a witness to the will.
Should the beneficiaries of an IRA be the trust or the heirs?
Should the beneficiary of an IRA be trust or the heirs
If Husband inherits property with his sister should his wife be added as his beneficiary?
she should just in case
