contingent beneficiary

Definition of "contingent beneficiary"
  1. An individual or entity specified in a will or trust who stands to inherit only if certain conditions are met
How to use "contingent beneficiary" in a sentence
  1. Their youngest child was set as the contingent beneficiary under their will.
  2. If the primary beneficiary cannot take the inheritance, the contingent beneficiary will.
  3. She named her charity as the contingent beneficiary of her trust.

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