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Will an x-wife inherit from her x-husband if he has not written a new will and the old will still has her as beneficiary?
Yes, an ex-wife can inherit from her ex-husband if he has not written a new will and the old will still names her as a beneficiary. In many jurisdictions, divorce does not automatically revoke a will, so the terms of the existing will remain in effect unless legally changed. However, laws can vary by state or country, so it's important to consult with a legal expert to understand the specific implications.
If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
What if a spouse dies and you may be a beneficiary to their 401k but you divorced 10 years ago are you still eligble?
IF you are still the beneficiary on file for your ex-spouse then you are legally entitled to that money. If there was an updated beneficiary that lists other people as the beneficiary then you are not. On caveat is if you are listed as the beneficiary and the ex-spouse has a will in place that leaves the account to someone else, then you are not entitled.
If someone is divorced can he still be the beneficiary on a life insurance policy?
yes. until you change the beneficiary they will stay on there
Can a term-life policy be cashed out if beneficiary is still alive?
Of course. The beneficiary is the person designated to get the money, not the insured.
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
How can second divorced wife collect deceased husbands insurance policy when first deceased wife of husband is still named beneficiary?
In order to ensure that a wife collects her deceased husband's insurance policy, it is beneficial to transfer the beneficiary of the policy while the husband is still alive. If the beneficiary of the policy is also deceased, it would be wise to seek legal help.
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!
What is a successor's status in collecting life insurance as verses a beneficiary's?
Beneficiaries will always collect 1st. Primary then contingent. If no one as named beneficiary is still alive, it would go the primary beneciaries survivors. The claims department of the insurance company will assist you. 4lifeguild
How can you find if you are a beneficiary of a will?
If the person has died, if you are beneficiary, the executor is required to notify you. If they are still alive, the only way is to ask them. There is no requirement that they tell you!
Who collects the life insurance if the policy holder and beneficiary have died?
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
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.
