Sentences with phrase «specifically named beneficiary»

Not exact matches

Beneficiaries are either named specifically in these documents or have met the stipulations that make them eligible for whatever distribution is specified.

If you want the proceeds to go to the heirs of your estate, it is typically better to name them specifically as beneficiaries rather than having your estate be the beneficiary.

Since Ethyl had wisely designated the three boys specifically by name as beneficiaries, each one could draw out the Required Minimum Distributions using their own ages after setting up individual inherited IRAs for each.

It's a good backup, allows you to name guardians for your children, and can create a catch - all beneficiary for any property you didn't specifically leave to a certain heir.

Just because you have a common law marriage, don't make the assumption that your common - law spouse will automatically receive the death benefit unless you specifically name him or her as your primary beneficiary.

When designating a beneficiary, you should specifically name the individual and indicate the portion of the proceeds s / he is to receive.

If you want the proceeds to go to the heirs of your estate, it is typically better to name them specifically as beneficiaries rather than having your estate be the beneficiary.