A contingent beneficiary can help ensure that your assets, trusts and insurance payouts go to the parties you want them to go to. What is a contingent beneficiary? Whether setting up a financial ...

You need more than a primary beneficiary on your financial accounts... just in case. Contingency beneficiaries can be your Plan B and even Plan C. What is a contingent beneficiary? If that question ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

If you've filled out paperwork for life insurance or a retirement account, you've probably come across the terms "primary" and "contingent" beneficiary. But what's the difference between the two ...

When you purchase life insurance, the real goal is to make sure your loved ones are financially protected after you’re gone. Choosing your primary beneficiary — the person who will receive the ...

A secondary beneficiary, also called a contingent beneficiary, is a person or entity entitled to get a distribution of assets from an estate or trust after the estate owner’s death if the primary ...

A beneficiary is the person you choose to receive your life insurance death benefit after you die. You can choose multiple beneficiaries and designate a certain percentage of the death benefit for ...

When purchasing life insurance, the choice of who to name as beneficiary is one of the most important decisions a person makes. A beneficiary is the person who receives the death benefit. The owner of ...

Reader Question: I have named two family members as beneficiaries in equal shares on my portfolio. I was advised to also name contingent beneficiaries. Will you explain what a contingent beneficiary ...

You might not be able to spend all the money in your 401(k) plan before you die. If that happens, your retirement savings will pass to the person you name as the beneficiary of the account. The ...

For many individuals, naming beneficiaries occurs when they first set up or rollover assets into an IRA account, and it’s rarely given much thought after that. If you fail to keep your beneficiaries ...

Texas has recently had two opinions that seemingly take opposite views on whether a contingent remainder beneficiary has standing to sue a trustee for trust administration issue. In In re Estate of ...