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If your child is the beneficiary is she able to get the life insurance money before she is 18?
Wiki User
∙ 12y ago
kinda, the money is the child's but whoever's care the daughter ends up in is responsible for the money till she turns 18 the executor of the Will is supposed to make sure it is handled properly you can put provisions to hold back a certain amount till the daughter reaches proper age with a legal notorised Will.
Wiki User
∙ 12y ago
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Do life insurance companies ever pay off debt before giving the beneficiary the money?
No.
Does insurance money need to go to estate when deceased?
No, the insurance money goes to the beneficiary named in the policy. If the beneficiary is not named, or the estate is named, it will go into probate.
Person who receives money from a life insurance policy?
Beneficiary
Can the debtor of a beneficiary have IRS seize the money paid to beneficiary from a family members life insurance?
Yes, the debts must be paid before the estate is divided up between beneficiaries.
Is Term life insurance money taxable?
In the US, the money is not taxable if the beneficiary is an adult.
Does a check made to beneficiary of life insurance need to be deposited into estate account?
No. That money belongs to the beneficiary of the policy.
Who receives the money from life insurance if the beneficiary is deceased the insured or the heirs?
The contingent beneficiary, if one was named.
If two children are the beneficiaries on a life insurance policy and one is under the age of 18 who gets the money for the minor child?
No one. Each child will be able to collect their share of the money when they are 18. The money for the minor child will be kept by the insurance company until the minor turns 18. This is why it is not a good idea to name minors as beneficiaries of life insurance policies if the money would be necessary for the upbringing of the child. Either name an adult that you trust or create a life insurance trust to be named as the beneficiary.
If a beneficiary of a life insurance policy dies before the insured what happens to the money once the insured dies?
Goes to the beneficiaries heir's or estate.
If your brother had a child at 1 he lost his parental rights and the child got adopted he was divorced but the ex-wife is still as a beneficiary who gets the insurance money ex-wife or parents?
I'm not totally sure what you are asking but it sounds like the child died. If the child died and the child was insured, the money will go to the beneficiary listed on the policy. If your brother surrendered parental rights, this child is no longer his, so I seriously doubt he has any claim whatsoever.
Can a life insurance beneficiary sign over money to a funeral home?
yes
What happens if someone dies and has no beneficiary on his life insurance policy?
In that case, the money will be kept deposited with the insurance company as unclaimed amount. In absence of the beneficiary, the insurance company can pay the money to the legal heir of the policy holder, but that has to be sufficiently proved in the Court of Law.
