MLchartDataset catalogue

Alternate beneficiary

Term · Law · MLC-T-LAW-000477

An individual or entity designated to receive assets or benefits if the primary beneficiary is unable or unwilling to do so. This designation provides a contingency plan in wills, trusts, and insurance policies. The alternate beneficiary steps in if the primary beneficiary predeceases the grantor or disclaims the inheritance.

Table 1. Record
IdentifierMLC-T-LAW-000477
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000477",
  "term": "Alternate beneficiary",
  "field": "Law",
  "definition": "An individual or entity designated to receive assets or benefits if the primary beneficiary is unable or unwilling to do so. This designation provides a contingency plan in wills, trusts, and insurance policies. The alternate beneficiary steps in if the primary beneficiary predeceases the grantor or disclaims the inheritance.",
  "url": "https://mlchart.com/terminology/law/alternate-beneficiary/"
}

Record 251 of 5,439 in Law terminology (MLC-0107). Request the full dataset.