The sole beneficiary is entitled to any assets remaining after the estate has been probated and the debts of the estate have been paid.
Make her your beneficiary and put her into your will to make sure she inherits what you want
Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
Sole proprietor
what are the major characteristics of a sole properitership what are the major characteristics of a sole properitership
Yes. I don't think 'borrow' is the right word, however, as the sole beneficiary will be entitled to the entire estate. An 'advance' would more likely be the correct term.
Yes, it is possible to be the sole trustee and sole beneficiary of a trust.
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
It depends on the terms outlined in the deceased person's will and retirement account. If the sole beneficiary is named as the beneficiary in the retirement account documentation, then they may be entitled to receive the funds. However, if there are specific instructions in the will regarding the distribution of the retirement account, those would generally take precedence.
A sole beneficiary should, in theory, receive the entire estate, minus the fees of the executor.
If you are the sole beneficiary, no, your siblings have no right to the benefits.
The residuary estate is everything not specificallymentioned as gifts. The sole residual beneficiary is that person named in the Will to receive the residuary estate.
No, they cannot. A trust for the benefit of the dog, with specifics has to what happens to the remainder on the death of the dog, could be the sole beneficiary.
The sole beneficiary can expect to inherit all the property owned at the time of death of the testator after any debts have been paid.
yes. that would make u the sole beneficiary.
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
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.