Alternate Beneficiary

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Dictionary Says

Definition of 'Alternate Beneficiary'

In a will, an alternate beneficiary is usually named in case a person who is the named beneficiary refuses or disclaims the inheritance. In an insurance policy, an alternate beneficiary is usually a secondary or contingent beneficiary who receives the proceeds if the primary beneficiary has died.
Investopedia Says

Investopedia explains 'Alternate Beneficiary'

Alternate beneficiaries are more common with real or personal property. For example, if a testator left a favorite painting to a niece who did not want it, the testator could name a second or third person to whom the painting would go.
Search results for

'Alternate Beneficiary'

  • Gifting Your Retirement Assets To Charity

    http://www.investopedia.com/articles/retirement/05/GiftingToCharity.asp
    ... stream from your retirement assets after you die, and for the balance to be paid
    to a charity, you may want to discuss alternate beneficiary designations with ...

  • Mistakes In Designating A Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/080404.asp
    ... A more effective beneficiary designation may have been one that awarded each
    beneficiary a percentage of the assets, or included alternate provisions should ...

  • The Tax Benefits Of Having A Spouse

    http://www.investopedia.com/articles/retirement/06/marriedperks.asp
    ... will generally not accept beneficiary designations unless the spouse is the sole
    primary beneficiary or consents to an alternate designation, and the consent ...

  • Retirement Planning For 30-Somethings: Avoiding Withdrawals ...

    http://www.investopedia.com/university/retirement-30/retirement-308.asp
    ... life expectancy or the joint or life expectancies of your designated beneficiary. ...
    Made to an alternate payee under a qualified domestic relations order (QDRO). ...

  • Getting A Divorce? Understand the Rules Of Dividing Plan Assets

    http://www.investopedia.com/articles/retirement/03/060403.asp
    ... If the alternate payee is a child or other dependent of the participant ... Conclusion -
    Reminder to Update Your Beneficiary Designation Even when the division of ...

  • Skipping-Out on Probate Costs

    http://www.investopedia.com/articles/04/121304.asp
    ... A trust also allows you to name alternate beneficiaries, does not require a ... It's
    simple to create and usually free, and the beneficiary can easily claim the ...

  • The Complete Guide To Retirement Planning For 50-Somethings ...

    http://www.investopedia.com/university/retirement-50/nest-egg.asp
    ... you or the joint lives or life expectancies of you and your designated beneficiary. ...
    Made to an alternate payee under a qualified domestic relations order (QDRO ...

  • Tough Times: Should You Dip Into Your Qualified Plan?

    http://www.investopedia.com/articles/retirement/03/043003.asp
    ... lives or life expectancies of the employee and his or her designated beneficiary. ...
    Made to an alternate payee under a qualified domestic relations order (QDRO). ...

  • Advanced Estate Planning: Healthcare Documents | Investopedia

    http://www.investopedia.com/university/estate-planning-guide/estate-planning3.asp
    ... In creating this document, you should name a person to act as your primary
    surrogate and another person as your alternate surrogate. ...

  • Advanced Estate Planning: Setting Up Your Will | Investopedia

    http://www.investopedia.com/university/estate-planning-guide/estate-planning2.asp
    ... You should name a primary caretaker and an alternate caretaker and any money or
    property ... If your executor is not a beneficiary named in your will, you may want ...

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