Beneficiary Designation: Spouse as Primary Beneficiary Descendants as Contingent Beneficiary (Outright) | Practical Law

Beneficiary Designation: Spouse as Primary Beneficiary Descendants as Contingent Beneficiary (Outright) | Practical Law

Beneficiary designation language for designating a client's spouse as primary beneficiary and a client's children and more remote descendants as outright contingent beneficiaries of assets, such as pay on death (POD) accounts, transfer on death (TOD) accounts, Totten trusts, life insurance policies, and retirement plans. This Standard Clause contains integrated notes and drafting tips.

Beneficiary Designation: Spouse as Primary Beneficiary Descendants as Contingent Beneficiary (Outright)

by Practical Law Trusts & Estates
Maintained • USA (National/Federal)
Beneficiary designation language for designating a client's spouse as primary beneficiary and a client's children and more remote descendants as outright contingent beneficiaries of assets, such as pay on death (POD) accounts, transfer on death (TOD) accounts, Totten trusts, life insurance policies, and retirement plans. This Standard Clause contains integrated notes and drafting tips.