That is literally debatable. The definition of legitimately in this case is literally not clear and quite arguable. You have merely picked a side, not pointed out some obvious definitive truth.
The ex legitimately has a claim. The strength of the claim is still to be decided.
If the process by which one becomes a beneficiary is swiss cheese, that does matter.
That changes the strength of the very word beneficiary in the statement "beneficiary until proven otherwise". It's now only "maybe beneficiary until proven otherwise."
In other words, arguable, requiring to be determined.
You're not the thing until proven otherwise, the thing has to be proven in the first place now.
Beneficiary until proven otherwise. That sounds precise. If you are in poor belief that you really are not the beneficiary, I would take care spending the money!
That is how it always has been.
The tax agency can come back 5 years later and ammend You tax filling.
The same here. You announce who the beneficiary is (the ex girlfriend), someone challenges that, but that does not change the beneficiary until the decision has been made.
I don't really see other ways it could work?
> You're not the thing until proven otherwise, the thing has to be proven in the first place now.
You misunderstand. You are the thing until proven otherwise.
The deceased person's estate, yeah. Often it's possible to simply disclaim an inheritance and you would therefore never receive the money; but sometimes that means it would go to your heirs.
With a $1M account, it's a lot easier to say you would return it than to actually do it though. That's life changing money and it's hard to say no to life changing money.
Yeah. To their "estate". It's mentioned that some of his assets that didn't have a beneficiary named landed there and I think they were to be split according to the will of the deceased.
I think beneficiary trumps everything. But we are talking about what you could do with the money if you were (undeserving) beneficiary. Giving it back to the dead person (precisely donating it to their estate) is the right thing to do although probably imperfect because donations are often taxed.