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Your daughter was named beneficiary for her fathers life insurance the money was put in a trust fund until she turned 18 Upon reaching 18 will the money she receives be taxable?
Wiki User
∙ 15y ago
No. Life insurance proceeds are not taxable. However, depending on the trust, the earnings, if any, while in the trust may well be.
Wiki User
∙ 15y ago
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Person who receives money from a life insurance policy?
Beneficiary
What is the meaning of beneficiary?
"The person who receives the benefits", most commonly used in insurance policies for the person who gets the money if the policy must be paid out.
What is a beneficiarie?
A beneficiary is someone from whom someone else knowingly benefits.
What does primary beneficiary mean?
* the recipient of funds or other benefits * benefactive role: the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause * having or arising from a benefice; "a beneficiary baron" wordnet.princeton.edu/perl/webwn * A beneficiary (also, in trust law, referred to as the cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. ... en.wikipedia.org/wiki/Beneficiary * One who benefits from the distribution, especially of an estate en.wiktionary.org/wiki/beneficiary * An individual, institution, trustee or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust or other contract upon the death of a certain person. www.statefarm.com/learning/life_stages/retire/glossary.asp * The Beneficiary is the person named by the Account Owner in the Account Application (or in a Change of Beneficiary form) who receives the benefit of the Account. www.mnsaves.org/faq/glossary.html * A lender under a note secured by a deed of trust. www.gloriabryant.com/glossary.aspx * the person or legal entity that receives the annuity death benefit upon death of the contract owner or annuitant. annuityspecs.com/Page.aspx * The beneficiary is the person or persons to whom the insurance proceeds are payable when the insured dies. A policy owner may also name a contingent beneficiary to become the beneficiary if all the beneficiary's die while the insured is alive. ... www.ampminsure.org/notepad/terminology.html * The person or persons designated by a policyholder to receive insurance policy proceeds. www.gisbenefits.com/glossary.htm * The person who is to receive the benefits from a trust fund. www.jocobuilder.com/gloss.htm * A person who is eligible to receive benefits from an insurance policy. www.medtronicsofamordanek.com/spineline/hospital/definitions.html * A person designated by a participant or one who, by the terms of the plan, is or becomes eligible for benefits under the plan. www.mgo-inc.com/pendefs.html * The person in whose favor a letter of credit is issued or a draft is drawn. www.usaexportimport.com/glossary.php * The person who, upon the insured's death, has the first right to receive insurance proceeds. www.spectruminsurancegroup.com/glossary_p.php * In the event an employee dies, benefits are paid to the person or persons listed as primary beneficiary(ies). ... www.occc.edu/HumanResources/glossary.html * The beneficiary named as first to receive proceeds or benefits from a policy when they become due. (LI) www.ggil.biz/glossary/p.html * A person or organization designated to receive the funds or other property from a trust, insurance policy, retirement account or other contract. www.schwab-global.com/public/schwab-gcb-en/investing_from_outside_the_us/glossary/glossary_j_r.html * The first person named in the policy as beneficiary. www.lifeinsurancesouthflorida.com/Resources/glossary.html
What does primary beneficiary?
* the recipient of funds or other benefits * benefactive role: the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause * having or arising from a benefice; "a beneficiary baron" wordnet.princeton.edu/perl/webwn * A beneficiary (also, in trust law, referred to as the cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. ... en.wikipedia.org/wiki/Beneficiary * One who benefits from the distribution, especially of an estate en.wiktionary.org/wiki/beneficiary * An individual, institution, trustee or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust or other contract upon the death of a certain person. www.statefarm.com/learning/life_stages/retire/glossary.asp * The Beneficiary is the person named by the Account Owner in the Account Application (or in a Change of Beneficiary form) who receives the benefit of the Account. www.mnsaves.org/faq/glossary.html * A lender under a note secured by a deed of trust. www.gloriabryant.com/glossary.aspx * the person or legal entity that receives the annuity death benefit upon death of the contract owner or annuitant. annuityspecs.com/Page.aspx * The beneficiary is the person or persons to whom the insurance proceeds are payable when the insured dies. A policy owner may also name a contingent beneficiary to become the beneficiary if all the beneficiary's die while the insured is alive. ... www.ampminsure.org/notepad/terminology.html * The person or persons designated by a policyholder to receive insurance policy proceeds. www.gisbenefits.com/glossary.htm * The person who is to receive the benefits from a trust fund. www.jocobuilder.com/gloss.htm * A person who is eligible to receive benefits from an insurance policy. www.medtronicsofamordanek.com/spineline/hospital/definitions.html * A person designated by a participant or one who, by the terms of the plan, is or becomes eligible for benefits under the plan. www.mgo-inc.com/pendefs.html * The person in whose favor a letter of credit is issued or a draft is drawn. www.usaexportimport.com/glossary.php * The person who, upon the insured's death, has the first right to receive insurance proceeds. www.spectruminsurancegroup.com/glossary_p.php * In the event an employee dies, benefits are paid to the person or persons listed as primary beneficiary(ies). ... www.occc.edu/HumanResources/glossary.html * The beneficiary named as first to receive proceeds or benefits from a policy when they become due. (LI) www.ggil.biz/glossary/p.html * A person or organization designated to receive the funds or other property from a trust, insurance policy, retirement account or other contract. www.schwab-global.com/public/schwab-gcb-en/investing_from_outside_the_us/glossary/glossary_j_r.html * The first person named in the policy as beneficiary. www.lifeinsurancesouthflorida.com/Resources/glossary.html
Who receives life insurance the beneficiary or absolute assignee?
beneficiary
Person who receives money from a life insurance policy?
Beneficiary
Who receives the death benefit on a life insurance contract?
The beneficiary.
Who receives the money from life insurance if the beneficiary is deceased the insured or the heirs?
The contingent beneficiary, if one was named.
What is claims?
It is a department or an action. You die, your beneficiary calls the insurance claims department and places a death claim with them. Your beneficiary receives a death claim check.
What is claimed?
It is a department or an action. You die, your beneficiary calls the insurance claims department and places a death claim with them. Your beneficiary receives a death claim check.
What is claime?
It is a department or an action. You die, your beneficiary calls the insurance claims department and places a death claim with them. Your beneficiary receives a death claim check.
What is meant by a contingent beneficiary?
Contingent beneficiary means that on a will or insurance contract a person receives the benefits only if all of the predetermined conditions have been met
What is a bank account beneficiary?
A beneficiary is the person who receives the benefit (usually money) from an insurance policy or a trust.
What about any life ins or death benefits?
Life Insurance is the same thing as Death Insurance, If you are insured, and you die, your beneficiary receives the proceeds of the life policy.
Who receives the benefits or money from a life insurance pplicy upon the death of the insured?
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
What is the difference between payee and beneficiary in banking transactions?
payee is a person on whose life expectancy the insurance poilicy is issued. beneficiary is a person who receives the death benefits if the insured dies
