What is ALTERNATE BENEFICIARY?

A party as a back up to a beneficiary. They will get any inheritance. Insurance uses it as well. It is more common in real estate or personal property.

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Related Legal Terms

CONTINGENT BENEFICIARY, CHANGE OF BENEFICIARY PROVISION, REVOCABLE BENEFICIARY, ADVICE FOR BENEFICIARY, FAVORED BENEFICIARY, LIFE BENEFICIARY, TERTIARY BENEFICIARY, BENEFICIARY CLAUSE, ALTERNATE BID, ALTERNATE


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