Get G-13117. Beneficiary Form

You may choose whoever you like as your beneficiary. Generally, it would be someone reliant on your income; your spouse, financially dependent child, parents or siblings. However, if you nominate children, the allocated benefit will only be paid to them once they turn 18 years old.

Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write children on one of the lines; instead write the full names of each of your children on separate lines.

A beneficiary is any person who gains an advantage and/or profits from something. In the financial world, a beneficiary typically refers to someone eligible to receive distributions from a trust, will, or life insurance policy.

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person. Two or more people.

Whom should I not name as beneficiary? Minors, disabled people and, in certain cases, your estate or spouse. Avoid leaving assets to minors outright. If you do, a court will appoint someone to look after the funds, a cumbersome and often expensive process.

A beneficiary is a person who is set to inherit something from an estate when someone else dies. This might be money, possessions, property or stocks and shares anything that the person who has died left behind. That's a basic beneficiary meaning.

A beneficiary is the person or entity named in a life insurance policy, retirement plan or health savings account. This is the person that receives the benefit upon death. The beneficiary designation on file at the time of death is binding in the payment of your benefits.

You can name anyone you like to be your beneficiary. When you name a beneficiary, you know that your assets will go to the person you choose -- and the assets also bypass probate.

The beneficiary for an account, of course, is the person you want to benefit from the account after you die. Beneficiaries can be named for individual retirement accounts (IRAs), mutual funds, annuities, and life insurance policies. ... Here is how you can add a beneficiary to a checking account.

Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write children on one of the lines; instead write the full names of each of your children on separate lines.