Contingent Beneficiary
Any person or entity designated to receive the property intended for a primary beneficiary, in the event that the primary beneficiary is not qualified to receive the property.
Also known as an "Alternate Beneficiary."
Contingent beneficiaries are typically discussed with Wills, trusts, and life insurance.
Any person or entity designated to receive the property intended for a primary beneficiary, in the event that the primary beneficiary is not qualified to receive the property.
Also known as an "Alternate Beneficiary."
Contingent beneficiaries are typically discussed with Wills, trusts, and life insurance.