malloryugms3871 malloryugms3871
  • 23-12-2021
  • Social Studies
contestada

What is the difference between primary and contingent beneficiary?

Respuesta :

26jalivia
26jalivia 26jalivia
  • 23-12-2021

Answer:

the difference between primary and contingent is

Explanation:

A primary beneficiary receives your assets after your death. Your primary beneficiary must survive you or be an existing trust at your death. A contingent beneficiary will inherit your assets only if you have no surviving primary beneficiaries at the time of your death.

Answer Link

Otras preguntas

Thousands dead after surprise attack; U.S. declares war on Japan. A headline like this would have likely been printed in a U.S. newspaper during what war?
In his pamphlet Common Sense, Thomas Paine urged American colonists to (1) establish their own nation (2) pay their colonial taxes (3) obey the laws of Parliame
What does v. P=mv mean can someone help
one of the unexpected drawback of starting your own business is
the freedom to make your own decisions can be limited if the business you choose is a
Which compound has the smallest percent composition by mass of chlorine?(1) HCl (3) LiCl(2) KCl (4) NaCl
one of the unexpected drawback of starting your own business is
which one of the following businesses would be the most difficult to get funding for
A meteorologist __________. a. makes maps b. plans city layouts c. surveys land for construction d. analyzes weather patterns and predicts weather events
How do scientists obtain knowledge about the world?