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Form #1022

Alternative Designation of Beneficiaries

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Alternative Designation of Beneficiaries - Free Legal Form

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Alternative designation of beneficiaries.

_________ [For a single beneficiary: _________ [name] as to 100 percent of the beneficial interest] or _________ [For multiple beneficiaries, whether sharing equal or unequal interests: _________ [name] as to a _________ percent interest and _________ [name] as to a _________ percent interest] or _________ [For spouses: _________ [names] husband and wife, as joint tenants with right of survivorship and not as tenants in common] or _________ [For single beneficiary with contingent remainder beneficiary: _________ [name] as to 100 percent of the beneficial interest, but on the death of _________ [name] during the existence of this trust, any beneficial interest not previously disposed of shall vest in _________ [name] if _________ [he or she] survives. Any named remainder beneficiary shall succeed to all the rights of the beneficiary under this agreement, but until the life interest terminates, the remainder beneficiary has no rights or powers under this trust agreement] or _________ [For life estate and vested remainder interests: _________ [name] as to 100 percent of the beneficial interest during _________ [his or her] life, and on _________ [his or her] death during the existence of this trust, the entire beneficial interest under this agreement not previously disposed of shall vest in _________ [name of remainder owner] or [his or her] estate. During the life estate of _________ [name] the beneficial interest cannot be disposed of, assigned, or encumbered without the written consent of _________ [name of remainder holder] ] or _________ [For a general partnership: _________ [name of partnership] a partnership consisting of _________ [names of individual partners] ] or _________ [For a limited partnership: _________ [name of partnership] a limited partnership whose general partners are _________ [names] ] or _________ [For a joint venture: _________ [name of joint venture] a joint venture, consisting of _________ [names] joint venture] or _________ [For a corporation: _________ [name] an _________ [state] corporation].



 
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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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