beneficiary


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Related to beneficiary: contingent beneficiary

beneficiary

1. Law a person entitled to receive funds or other property under a trust, will, or insurance policy
2. the holder of an ecclesiastical or other benefice
3. NZ a person who receives government assistance
References in periodicals archive ?
This means petitioners will need to file any applications for derivative beneficiaries at the same time as the application for the principal beneficiary.
Naming contingent beneficiaries: Should something happen to your primary beneficiary, the contingent beneficiary would receive your assets.
The court's decision provides a valuable lesson to the trade: the issuing bank must pay a letter of credit beneficiary who presents documents complying with the letter of credit, regardless of the bankruptcy filing by the bank's customer.
multiple "designated beneficiaries") the RMD calculation is based upon the oldest beneficiary, unless separate accounts are established before September 30th of the year following the owner's death, in which case each individual beneficiary should be able to calculate his or her own RMD (based upon their individual life expectancies).
Although income earned by the trust is not taxable, the annual stream of payments made to the non-charitable beneficiary is taxable in the year received.
If you designate The VRG as a beneficiary of a will, pension plan, or life insurance policy, please use our full, legal name: The Vegetarian Resource Group, Inc.
If the IRA owner has begun to receive distributions and dies before the entire balance is distributed, the regulations require that the remaining balance must be distributed over the life expectancy of the beneficiary or the remaining life expectancy of the IRA owner, whichever is longer.
A Non-Plan Provider can request an appeal if it obtains an appointment of representative form from the beneficiary or executes a waiver of payment form.
However, because a beneficiary need earn only $200 per month to use a TWP month and because the 9 months of work need not be consecutive, beneficiaries can easily exceed their TWP and suddenly lose their benefits.
The study, fourth in a series of publications analyzing the impact of the cap, is titled A Budget and Policy Evaluation of the $1500 Medicare Beneficiary Coverage Limit for Rehabilitation Care Services in the 1997 Balanced Budget Act.
And you have other large assets - life insurance, for example, or retirement benefits - that are controlled by the designation of a beneficiary and also pass outside the will.
This legislation changed the cooperative program between the Social Security Administration and state Vocational Rehabilitation (VR) agencies from a "trust fund" arrangement to an "entitlement" program whereby VR agencies are reimbursed on a case by case basis and only in instances when the individual beneficiary or recipient has performed a continuous nine month period of work at a "substantial gainful activity" (SGA) level.