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LSDefine

Simple English definitions for legal terms

alternate beneficiary

Read a random definition: dangerous lunatic

A quick definition of alternate beneficiary:

An alternate beneficiary is someone who will receive property or benefits only if the first person chosen to receive them cannot or does not want to. For example, if someone leaves their house to their friend but their friend doesn't want it, the house may go to an alternate beneficiary instead. This can also happen with insurance policies, where a backup person is chosen to receive the benefits if the first person named is unable to.

A more thorough explanation:

An alternate beneficiary is a person who will receive property or benefits if the primary beneficiary is unable or unwilling to accept them. This can happen in situations such as wills or insurance policies.

John writes a will leaving his house to his son, but he also names his daughter as an alternate beneficiary. If his son does not want the house or is unable to take ownership, the house will go to his daughter instead.

Sarah has a life insurance policy with her husband as the primary beneficiary. However, she also names her sister as an alternate beneficiary. If her husband passes away before her or is unable to claim the benefits, her sister will receive the benefits instead.

These examples illustrate how alternate beneficiaries can be designated to ensure that property or benefits are not left unclaimed or wasted if the primary beneficiary is unable or unwilling to accept them.

alter ego | alternative contingent remainder

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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