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∙ 12y agoWant this question answered?
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She can contest it, but she won't win.Another View: While the above answer MAY wind up being true - too little is known of the circumstances to give a 'blanket' answer. More information would have to be known about the annuity - it's administrators rules - the laws of your particular state - etc - etc.
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
The money you receive from the annuity is income. All income is supposed to be reported and taxes paid on it.It depends upon where that money came from in your fathers estate. If this annuity came from your fathers annuity which was established from IRA or a 401K which had never paid taxes on -then the annuity now needs to pay the taxes.If the annuity came from life insurance then their is no taxes to pay. If the annuity came from prepaid tax money there would be no taxes to pay. etc.
Probably Spouse first, then his Estate then the children.
Cleopatras life changed when she took the throne after her fathers death.
An adult child is a natural beneficiary to an estate. If there is no will, and there is no spouse, they are likely to get the estate.
Yes. You can notify the court that the executor has died and request that you be appointed the successor.
That all depends on the provisions of the trust. You need to review the trust document to determine if there is a contingent beneficiary named who will receive the deceased beneficiary's portion. You should ask the trustee if you can have the trust reviewed by your own attorney.
There is no requirement for her to do so. As long as she is the executor, and presumably the beneficiary, it is her business, not his.
she can if that's what is in his will. everything depends on his will
Then you will receive whatever the life insurance policy states. These are two separate issues / documents and have nothing to do with each other.
It depends on the terms outlined in your father's trust. If the trust grants the trustee the authority to sell the house without beneficiary consent under certain circumstances, then the trustee can proceed with the sale. However, if the trust requires beneficiary consent for the sale of the house, then the trustee would not have the authority to sell it without that consent.