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Your child may be the beneficiary of all that you own, as spelled out in your will.

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A relative who happens to be next-of-kin is not necessarily the same thing as a beneficiary. A Beneficiary is a person who receives something tangible. For example, a person named to receive something in a will is a beneficiary under such will. Similarly, a person named to receive the proceeds under an insurance proceeds is referred to as a beneficiary. Next of kin refers to the nearest blood relatives of a person who has died, including the surviving spouse. It may also be used to refer to anyone who would inherit part of the estate by the laws of descent and distribution. See related link below:

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Beneficiary Required Minimum Distribution (RMD)

When you are the beneficiary of a retirement plan, specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.

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I have a trust ,but the trustee will not allow me to veiw my acctount.

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The possessive form for the noun beneficiary is beneficiary's.

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where is infomation on beneficiary

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The plural of beneficiary is beneficiaries.
The plural of the singular noun beneficiary is beneficiaries.

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No. A beneficiary has no authority to name a beneficiary of another's property. Only the principal can name the beneficiary. Generally, if the primary beneficiary declines to accept the inheritance then the gift will lapse and the property will be included in the estate.

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Incase something happens to the first beneficiary. Such as: they pass away.

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If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.

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Generally, if the beneficiary is deceased, the proceeds go to the contingent beneficiary, or if none, to the estate of the insured. An attorney must be consulted to direct you on how to handle this in your state.

It depends on whether the beneficiary predeceased the insured. If the beneficiary died before the insured then the proceeds go the the contingent beneficiary. If there is not a contingent, check the contract, it probably is paid to the Owner of the Estate of the Insured.

If the Beneficiary died after the Insured, the proceeds go to the Beneficiary's Estate.

It is important to have a contingent beneficiary specified in your life insurance policy. This way, if the beneficiary passes away, the contingent beneficiary will benefit.

If there is no contingent beneficiary, and the beneficiary has deceased, the proceeds of the life insurance policy, go to the estate and is distributed according to the Will.

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As long as you did not make your beneficiary irrevocable, you can just change your beneficiary. If your beneficiary is irrevocable you are out of luck unless you can get them to authorize the change.

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Any age can be listed, but benefit goes to guardian/secondary if under age at time it is awarded.

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A creditor beneficiary is one to whome the promisee owes a debt

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No. You can have anyone you want be the beneficiary. A trust, church, or any person you choose can be your beneficiary.

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Yes. A secondary beneficiary only becomes beneficiary if the primary beneficiary dies before the insured. Say the insured and primary beneficiary are involved in a fatal auto accident but the insured dies an hour before the primary beneficiary. The insurance proceeds would not go to the secondary beneficiary but to the estate of the primary beneficiary. If the primary beneficiary dies an hour before the insured then the secondary beneficiary receives the proceeds. If an insured wants both to receive monies they can name more than one person as primary beneficiary and in what percentage for each person. They could also leave it to their estate and handle distribution by a will.

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Anyone the policy owner names can become the beneficiary.

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Anyone the policy owner names can become the beneficiary.

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The antonym of beneficiary is benefactor.

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If he put you in as the beneficiary, then Yes. Look at the policy and find where it says beneficiary to make sure.

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I think that you're refering to an "irrevocable" beneficiary. This means that the beneficiary designation can only be changed if both the policy holder (owner) AND the current beneficiary sign off on it.

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No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.

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recepient of funds or other benefits is called beneficiary. but a person who holds asset to be a beneficiary is called fudiciary.

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A 'deceased beneficiary' is the beneficiary of a life insurance policy or a 'payable on death' bank account who predeceased the insured or the account owner.

A 'deceased beneficiary' could also be a beneficiary named in a will who predeceased the testator or who died during the probate of the estate.

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No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.

No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.

No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.

No. That type of an account has a named beneficiary and it would pass automatically to the beneficiary. It would be a non-probate asset.

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When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.

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When the policy holder dies, the money goes to the beneficiary. If the beneficiary then dies, THEIR beneficiary then gets the money.

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The owner of a life insurance policy has the right to choose the beneficiary. Another person has no power to change that choice.

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She named her daughter as the beneficiary of her life insurance policy.

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Beneficiary's obligation

The beneficiary has no legal obligation to pay the bills solely in the name of the insured.

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The child was the beneficiary of the old man's kindness.

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who are the beneficiary states of rihand project

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You can make anyone you want the beneficiary.

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Yes. An executor may also be a beneficiary.

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Beneficiary means the person who receives a benefit.

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The beneficiary is the person to receive the coverage amount when the person covered by the policy dies.

In the first instance, the beneficiary is named by the applicant when application for the insurance policy is made. Unless the beneficiary designation is made irrevocable, the insured is free to change the beneficiary at any time until his/her death. Unless some provision of law or contract renders the designation of beneficiary irrevocable, the beneficiary does not have a right to remain as beneficiary and ordinarily cannot contest a subsequent change.

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Generally, when the named beneficiary is deceased and there is no contingent beneficiary named then the account will revert to the estate of the owner and pass as intestate property unless there was a will with a residuary clause.

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A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.

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A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.

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The word beneficiary is a noun but is also used as an adjective. Examples:

Noun: You are listed as the beneficiary on your Aunt Alice's life insurance.

Adjective: The beneficiary result of saving your money is that you can afford that vacation.

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Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.

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In most cases, the spouse of the owner of an IRA is the default beneficiary. Therefore, there would be a legal document that would need to be signed acknowledging that he or she is not a beneficiary.

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In general, no. You only need a beneficiary for life insurance.

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A person who inherits a will is commonly referred to as a beneficiary.

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Beneficiary = benefits from Benefits from the execution of a will / payout from an insurance policy etc.

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