Sentences with phrase «legal name of a beneficiary»

For instance, the National Association of Insurance Commissioners recommends using the legal name of a beneficiary instead of a reference to the person's position (e.g., John Doe instead of husband).

Not exact matches

In consideration of being permitted to participate in any way in the ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») Program indicated below and / or being permitted to enter for any purpose any restricted area (here in defined as any area where in admittance to the general public is prohibited), the participant and the parent (s) and / or legal guardian (s) of the minor participant named below agree:

Be sure to check the proper spelling of the full legal name (s) of the beneficiary (s) and accuracy of birth dates and social security numbers.

Put another way, probate assets are generally those you own alone in your name, while nonprobate assets generally consist of assets you no longer have legal title to (i.e. trust assets), assets that will pass automatically upon your death (i.e. beneficiary designation), and assets owned jointly with others (i.e. joint tenancy with right of survivorship).

Certain assets, such as those registered with rights of survivorship, those that have a named beneficiary, or that are subject to a legal agreement (such as a trust), are distributed outside the will.

An agreement that names a trustee who holds legal possession of a fund or an asset for the benefit of another person or entity, known as the beneficiary.

If you're considering a pre-need funeral insurance plan, you should first note that it's not actually legal in every state for a funeral home to be named the beneficiary of a life insurance policy.

It is imperative that lawyers taking instructions for a will ensure that the beneficiary of the bequest exists and that the beneficiary is referred to by its full legal name in the will.

If you want to name a child as your beneficiary, and you have a legal trust established in the child's name, you can name the trust as the beneficiary and the child will ultimately get the funds according to the terms of the trust.

While it can be straightforward in many cases, there are a number of potential legal, financial, and tax - related problems that can occur if you don't name your beneficiaries properly.

If you're considering a pre-need funeral insurance plan, you should first note that it's not actually legal in every state for a funeral home to be named the beneficiary of a life insurance policy.

But, in this case, it was significant that a trust had purchased the policy and named itself as beneficiary, then made a perfectly legal assignment of the policy to the plaintiff.

It can be straightforward, but there are a number of potential legal, financial, and tax - related problems that can occur if you don't name your beneficiaries properly.

A collateral assignment is a legal document familiar to all lenders and in effect is a lien against the policy which guarantees insurance policy proceeds are first payable to the «assignee», in this case the lender, with the balance of proceeds going to the named beneficiary of the policy.