With few exceptions, the named beneficiary has no rights to the funds.

"Are you telling me that Sally's killer was one of her six named beneficiaries?"

The two women and two other sisters are named beneficiaries.

The Trust also donates annually to 13 other named beneficiaries.

At the end of the trust, the assets, including any appreciation, are distributed to the family members or other named beneficiaries.

By law, however, certain property, like life insurance with a named beneficiary, is not subject to probate.

When the trust's beneficiary dies, the assets can go to the children or other named beneficiaries.

This was the first time in Brazilian history that women could legally be named beneficiaries of agrarian reform measures.

In practice these problems are solved by people assigning their policies or placing them in trust with named beneficiaries.

Thus it is essential that they retain an interest as a named beneficiary in the award which they settle to form the trust fund.

(If you die before you annuitize, your named beneficiary gets the money.)

The clause distributes to the named beneficiary all unnamed assets included in the decedent's estate.

Distributions after death must be made to the named beneficiary of the decedent's IRA or qualified plan.

If the named beneficiary is a family member (such as a spouse, child, or parent), the investment may also be secure from creditors in case of bankruptcy.

It is also used in wills to indicate that each of the named beneficiaries should receive, by devise or bequest, equal shares of the estate.

The National Center for Victims of Crime, one of the named beneficiaries, demanded that the gallery cease using its name in connection with the sale.

If a will does not make any stipulations about miles, the airlines say the miles are typically passed on to the named beneficiary of an estate, often the spouse.

Any funds left over in a trust after services are provided are required to be refunded to the purchaser, the purchaser s estate or otherwise named beneficiary.

Beneficiaries are generally close family members of the donor, who are prohibited from being named beneficiaries of another estate freeze technique, the grantor retained income trust.

The balance may be transferred to a surviving spouse or a named beneficiary providing the inheritor is also a member of the Onepass Program at the time of the member's death.

The critical difference in these forms of insurance is that upon the death of the borrower, a named beneficiary is paid rather than the lender, thus giving the survivor more financial options.

News organizations widely reported that Marshack was a named beneficiary in his will, though the bulk of his estate was left to his wife with other large gifts going to museums.

In addition to these major sources of funding, Sepsis Alliance is a named beneficiary from several annual fundraisers, and also generates income from sepsis-related materials purchased by hospitals for use with patients.

"Mr. Rudsky, does the fact that you are not assigned to the Sally Fenning murder have anything to do with the fact that you are a named beneficiary under her will?"

If the assets are passed on to a named beneficiary in the next generation via a disclaimer, no gift, state or generation-skipping transfer (GST) taxes will apply [source: Mandell].