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LSDefine

Simple English definitions for legal terms

alternate beneficiary

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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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