final beneficiary

Definition of "final beneficiary"
  1. A person or institution set to receive trust assets following the demise of a life beneficiary
How to use "final beneficiary" in a sentence
  1. Though her sister was the life beneficiary of the trust, she was named as the final beneficiary.
  2. The charity organization was the final beneficiary in his trust.
  3. As the final beneficiary, he will receive the trust assets after his grandmother's passing.

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