Can I change beneficiaries after the death of policy-owner?

by Guest » Sat Feb 06, 2010 01:02 pm
Guest

Hopefully someone can help me with this. I'm the beneficiary of a couple of annuities and would like to know if I can have the funds transferred directly to the estate account, instead of to me, for distribution directly from there. Can I have the insurance companies make the checks out directly to the estate? Or do they have to come to me first? I'm listed as the 100% beneficiary of the accounts.

Thanks

Total Comments: 2

Posted: Sun Feb 07, 2010 03:40 am Post Subject:

No, they will pay you as the beneficiary. Why do you want to the proceeds to go to the estate?

Posted: Sun Feb 07, 2010 09:46 pm Post Subject:

You can disclaim the payment. If you do that, you don't get to decide where the money goes. It will go to the secondary beneficary. DO NOT DISCLAIM WITHOUT LEGAL ADVICE.

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