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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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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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