- contingent beneficiary
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contingent beneficiary see beneficiary a, b
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- contingent beneficiary
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n.Someone who will receive the proceeds of a trust or some other arrangement only if a specific event occurs.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- contingent beneficiary
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1) An alternate beneficiary named in a will, trust, or other document.2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary.Category: Wills, Trusts & Estates → Wills
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- contingent beneficiary
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n.a person or entity named to receive a gift under the terms of a will, trust or insurance policy, who will only receive that gift if a certain event occurs or a certain set of circumstances happen. Examples: surviving another beneficiary, still being married to the same spouse, having completed college, or being certified as having shaken his/her drug habit.
Law dictionary. EdwART. 2013.