If a beneficiary is in jail, it's important to first verify their legal situation and ensure they have access to legal representation. You may need to consult with an attorney to understand the implications for the beneficiary's rights and any potential impact on their inheritance or benefits. Additionally, consider maintaining communication with the beneficiary to keep them informed about their affairs and any necessary actions related to their benefits or estate planning.
After death is a beneficary entitled to see a copy of a testamentary trust?
Can a power of attorney change a person beneficary on their life insurance policy?
If they are living then they would inherit.
short answer ~ No
AnswerIf you're named as beneficary - then you get the $$$. That's why it's important to review & update your coverage, at least annually.
Not if it is in the will.
No
Yes, if the Beneficary is a Minor.
it goes to the next of Kin or to the state as cherity
cAN A poa NAME THEMSELVES AS A BENEFICARY
Provisional payment made to the beneficiary of a letter of credit (L/C) where the documents submitted under the L/C has discrepances. If the issuing bank reject the docs, the nego bank can claim the money back from the beneficary. Here the exposure of the bank will be on the beneficary and not the issuing bank.
If you are named beneficiary on the polcicy it is contractually binding. Let them dispute all they want.