A person, organization, or institution that receives property through a will, trust, or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. If Mia dies before Jake or if Mia decides to disclaim the gift, the manuscripts will pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is sometimes called the secondary or contingent beneficiary.
Finding a Lawyer Should Be Simple
When an accident or any form of injustice is suffered, obtaining an attorney quickly is critical to ensuring a positive outcome for your case – and that’s exactly what we’re here to help you with. USAttorneys.com is your one-stop-shop to find any kind of lawyer you might need to assist you with your legal matters. We’ve got you covered, whether you are seeking an accident attorney following a car crash, medical malpractice attorney after losing a loved one during surgery, or a tax attorney to fight back against the IRS.