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In: Accounting

John Quill left a Last Will and Testament providing for his mistress, Daisy. John had a...

John Quill left a Last Will and Testament providing for his mistress, Daisy. John had a wife and two children. His life insurance policy also named Daisy as beneficiary. Discuss the rights of the parties

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Expert Solution

When someone is a beneficiary of a will, it means they have been identified as someone who should inherit some assets from the person who wrote the will.lSince ,daisy is named as beneficiary she recieve the rights This inheritance can include:

  • Money
  • Household items
  • Family heirlooms
  • Jewelry
  • Antiques
  • Real property, such as the family home
  • Any other item of value, either economic or sentimental

RIGHTS OF DAISY WITH RESPECT TO WILL:

  • The Right to Receive the Inheritance Within a Reasonable Time

  • The Right to Know What Is Happening

  • Be treated fairly

  • Beneficiaries are entitled to an accounting–a detailed report of all income, expenses, and distributions from the estate

  • Request the removal of the executor:

RIGHTS OF DAISY WITH RESPECT TO LIFE INSURANCE POLICY:

The beneficiary does not get any other benefit except to receive the policy money on the death of the Life Assured.

since children were not named beneficiary they will not recieve any amount.

ekkarill92 answered 2 years ago
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