her life. For example, in awill, a farmer may grant ownership of his farm to his children, but they may not take possession of it while their mother is alive. In this situation, the mother is the life beneficiary and has the right to live in the farm house for the rest of her ...
What is a beneficiary? In terms of estate planning, a beneficiary is the person or persons who receives all or a portion of a deceased person’s estate. You can name one or more beneficiaries in your will as the intended recipients of your money, property and other assets when you die....
Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4. Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or...
信托受益人 beneficiary under a trust; 金融 trust beneficiary 年金受益人 annuitant; annuity beneficiary 受益人证明 BENEFICIARY´S CERTIFICATE; BENEFICIARY CERTIFICATION双语例句 1. The allowable deduction is apportioned between the estate and the beneficiaries. 减免的税额在地产和受益人之间分摊。—— 柯林...
Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4. Income beneficiary means a person to whom net income of a trust is or may be payable. Qualified Beneficiaries has...
beneficiaries is one of the key building blocks of estate planning: Without the right name on the right dotted line, assets can wind up in the hands of those whom the deceased did not intend to receive them. All assets need the correct beneficiary or beneficiaries, usually dictated by a ...
It is important to note that a named beneficiary does not necessarily have to be an individual. For example, the named beneficiary of an insurance policy can be the estate of the deceased, in which case, the actual beneficiaries will be designated in the will. ...
What if I don't designate a beneficiary? If you don't have a beneficiary named, your accounts may enter probate — a court-supervised process of distributing the estate and assets of a deceased person. Probate — which can take place even if you have a will or revocable trust — can be...
Types of Named Beneficiaries A primary beneficiary is number one on the list to receive benefits outlined in a will. The deceased specifically chooses the primary beneficiary. In the event that the primary beneficiary can’t or won’t accept the assets, thecontingent beneficiaryis next in line....
5. Estate Settlement: If the unclaimed life insurance policy is discovered during the settlement of the deceased’s estate, the proceeds may be distributed along with the other assets through the probate process. Consult with an estate attorney to understand the steps required to include the policy...