Primary Beneficiaries, Generally
A
primary beneficiary is any person or
entity that you want to receive a
testamentary gift
without having to outlive anyone else.
For Example:
Married couples with children often name their spouse as the only primary
beneficiary of the residuary
estate, with their children named as the
alternate beneficiaries.
Generally, any eligible primary beneficiary who survives the testator will
receive the designated gift. However, any surviving
beneficiary may also generally
disclaim the intended gift, causing
it to pass as though he or she had predeceased the testator.
See: Primary Beneficiaries,
Eligibility; Primary Beneficiaries,
Deceased; Alternate Beneficiaries,
Generally
