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What is the difference between a beneficiary and a fiduciary?
recepient of funds or other benefits is called beneficiary. but a person who holds asset to be a beneficiary is called fudiciary. 1 fudiciary--------->beneficiary | | |0 | -------->loss
Can you leave 50 percent to the primary beneficiary and 50 percent to the contigent beneficiary?
Yes. But you are using the wrong terms. You can leave 50% to each of two beneficiaries. The second will no longer be called the "contingent" beneficiary.
When an assignment is made as a gift the third party is called?
When a gift to a third party comes out of an agreement or a contract between two people, he is called the beneficiary. The third-party beneficiary is not obligated to any performance in the contract.
What is someone who benefits from a gift or will called?
A legatee (from a will), or the less popular giftee. In insurance and Wills, it is also called a beneficiary.
What is the possessive form of beneficiary?
The possessive form for the noun beneficiary is beneficiary's.
Buying the beneficiary position on a life insurance policy of someone who is dying is called?
viaticle
What is the system called that TRICARE claims processors use to verify beneficiary eligibility?
DEERS
where is infomation on beneficiary?
where is infomation on beneficiary
What is a beneficiarie?
A beneficiary is someone from whom someone else knowingly benefits.
What is the plural of beneficiary?
The plural of beneficiary is beneficiaries.The plural of the singular noun beneficiary is beneficiaries.
Can a beneficiary of an IRA name a successor beneficiary in the state of Colorado?
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.
Why there is there a first beneficiary and second beneficiary?
Incase something happens to the first beneficiary. Such as: they pass away.
