Is my ex wife entitled to life insurance?
Is my ex wife entitled to life insurance?
In what situations can an ex-spouse collect life insurance money? In most states, you can collect life insurance money if you are legally the beneficiary on the policy, regardless of your relationship to the deceased.
What happens if someone dies before a divorce is final?
Unless your divorce has been finalized by a court, the process will terminate if one spouse dies. This is true even if you’ve negotiated some of the terms of your divorce. Those terms aren’t enforceable until a judge signs off and a court issues the Notice of Entry of Judgment. As a result, you won’t be a divorcee.
Does a will ever expire?
Wills Don’t Expire There’s no expiration date on a will. If a will was validly executed 40 years ago, it’s still valid.
Do Lawyers keep a copy of your will?
An attorney is obligated to keep a client’s will confidential and may charge little or no fee to retain the original document. However, the executor and family members should be made aware which attorney is in possession of your will, especially if it has been years since you have talked to the attorney.
What if the executor is also a beneficiary?
Secondly, if the executor is ALSO a beneficiary, then they are entitled to their inheritance distribution as dictated by the will, trust, or state intestacy law. Plus, they are entitled to be paid for their time and effort.
Can an executor refuse to pay a beneficiary?
Executors may withhold a beneficiary’s share as a form of revenge. They may have a strained relationship with a beneficiary and refuse to comply with the terms of the will or trust. They are legally obligated to adhere to the decedent’s final wishes and to comply with court orders.
Can an executor remove a beneficiary?
No-an executor cannot remove a beneficiary. The entire will could be challenged due to incompetence, undue influence or fraud.
How hard is it to have an executor removed?
During life, the testator can easily remove the executor from the will and replace him with another. After the testator’s death, it becomes more difficult to remove an executor from the estate. However, it is not impossible.
What to do if executor is cheating?
If you believe the executor is failing to live up to their duties, you have two legal options: petition the court, or file suit. Petition the court. Beneficiaries can petition the court to remove the executor from the position if they can prove the executor should be removed for one of the reasons listed above.
What does an executor have to disclose to beneficiaries?
All taxes and liabilities paid from the estate, including medical expenses, attorney fees, burial or cremation expenses, estate sale costs, appraisal expenses, and more. The executor should keep all receipts for any services or transactions needed to liquidate the assets of the deceased.
What happens if an executor spends all the money?
If your suspicions are correct and the executor is stealing from the estate, the executor may face several consequences such as being removed as executor, being ordered by the court to repay all of the stolen funds to the estate, and/or being ordered by the court to return any stolen property to the estate.
Do beneficiaries have any rights?
A beneficiary is entitled to be told if they are named in a person’s will. They are also entitled to be told what, if any, property/possessions have been left to them, and the full amount of inheritance they will receive. The person who will be administering the estate is known as the executor.
Are beneficiaries entitled to bank statements?
Beneficiaries are entitled to receive a financial accounting of the trust, including bank statements, regularly. When statements are not received as requested, a beneficiary must submit a written demand to the trustee. The court will review the trust account for any discrepancies or irregular activity.
