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REVOCABLE TRUST AGREEMENTThis AGREEMENT is made and entered into this the day of , 20 , by and between , an adult resident of County, , hereinafter called the "Grantor " and , hereinafter.

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A beneficiary can be a person, charity, business or trust. If the beneficiary is a person, they can be a relative, child, spouse, friend or anyone else you happen to know. As some agents like to say, you can even name your "secret lover" as a life insurance beneficiary.

Because the beneficiary designation is a form of contract, the account will be paid to the designated beneficiary regardless of the terms of the owner's Will or Trust. ingly, it is important to coordinate the beneficiary designations with the client's overall estate planning objectives.

A primary beneficiary is the person (or people or organizations) you name to receive your stuff when you die. A contingent beneficiary is second in line to receive your assets in case the primary beneficiary passes away. And a residuary beneficiary gets any property that isn't specifically left to another beneficiary.

An intended beneficiary example is a person or legal entity that is explicitly named in a legal document, such as a contract, trust, or will, as the intended recipient of the benefits associated with execution of the agreement.

A designated beneficiary agreement is a legal document often used in estate planning that specifically designates a person to be the beneficiary of another person's estate, financial account, or legal rights to other benefits.

Acceptable beneficiary relationships include husband, wife, son, daughter, grandfather, cousin, uncle, sister-in-law, etc. When the beneficiary is not a relative, the relationship should be specified as non-relative, not friend or guardian. The insured may designate his or her estate as the beneficiary.

: a person or thing that receives help or an advantage from something : one that benefits from something.

The beneficiary receives the letter of credit at the direction of the applicant to support a payment obligation that the applicant owes (or may in future owe) to the beneficiary under some independent arrangement between the applicant and the beneficiary.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232