Beneficiary
Legal Concept
White House at odds with bishops over abortion...to Medicaid, military health care and the federal employee health plan. Many states provide abortion coverage to low-income Medicaid beneficiaries, but they must do so separately with their own funds. Abortion opponents say Reid's bill... In this article: Harry Reid, White House, Beneficiary, Medicaid, Jon Kyl, and U.S. Conference of Catholic Bishops |
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TC Palm | 1 day ago
Chicks with Checks welcomes new members, leaders and beneficiaries
...have been hosting informational meetings for women who would potentially become members and to let possible beneficiaries know what the Chicks can do to help them broaden their reach and receive donations. This is an excellent way for women...
In this article: Vero Beach and Treasure Coast
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Medical News Today | 3 days ago
Health Net Reminds Medicare Beneficiaries They Can Count On Health Affordability And Value With Company's 2010 Medicare Advantage Health Plans
...that Health Net's Medicare Advantage (MA) product portfolio offers a comprehensive range of budget-friendly health plan choices to beneficiaries for 2010. "The current challenging economic conditions make it the right time for Medicare...
In this article: Health Net, Medicare, Jay Gellert, California, HMO, Connecticut, and Arizona
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Detroit News | 6 days ago
Clarence Page: Beneficiaries of Cold War victory oddly yearn for solidarity of oppression
Beneficiaries of Cold War victory oddly yearn for solidarity of oppression Twenty years after the fall of the Berlin Wall, East Germans who outlived their country are haunted by an odd reluctance to let go of the bad old days. They even...
In this article: Clarence Page, Beneficiaries, Shock, Good Bye Lenin, German Democratic Republic, Fidel Castro, Roger Ebert, Berlin, Democracy, and Commie
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AP Online | November 13, 2009
Little guys big beneficiaries of coaching dominos
...by coaches like John Calipari, who started a domino of his own when he left Memphis for Kentucky. But in reality, some of the biggest beneficiaries often can be found a few rungs down the ladder. Among those under-the-radar aspiring...
In this article: Rusty LaRue, Rick Pitino, Wake Forest, Kevin Willard, Holy Cross, Billy Donovan, John Calipari, Anthony Grant, and Lute Olsen
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Wall Street Journal: Politics and Policy | November 11, 2009
Earmark Beneficiaries Donate Less
We sent an email to: Please click on the link inside the email to complete your registration Please register to gain free access to WSJ tools. An account already exists for the email address entered. This service is temporary...
In this article: John Murtha, Peter Visclosky, Wiley Rein LLP, Justice Department, Beneficiaries, Washington, Appropriation, and U.S. Navy
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Description from Wikipedia:
A beneficiary (also, in trust law, referred to as the cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example: The beneficiary of a life insurance policy, is the person who receives the payment of the amount of insurance after the death of the insured. The beneficiaries of a trust are the persons with equitable ownership of the trust assets, although legal title is held by the trustee. The term can also be described as an "inheritance" used in the context for the party (heir or heiress) receiving the property related thereto. Beneficiaries in other contexts are known by other names: for example, the beneficiaries of a will are called devisees or legatees according to local custom.
Most beneficiaries, may be designed to designate where the assets will go once the owner(s) ceases to exist. However, if the primary beneficiary or beneficiaries are not alive or do not qualify under the restrictions, then the assets will probably pass to the contingent beneficiaries. Other restrictions such as being married or more creative ones can be used by a benefactor to attempt to control the behavior of the beneficiaries. Some situations such as retirement accounts do not allow any restrictions beyond death of the primary beneficiaries, but trusts allow any restrictions that are not illegal or for an illegal purpose.
The concept of a "beneficiary" will also frequently figure in contracts other than insurance policies. A third party beneficiary of a contract is a person who, although not a party to the contract, the parties intend will benefit from its provisions. A software distributor, for example, may seek provisions protecting its customers from infringement claims. A software licensor may include provisions in its agreements which protect those who provided code to that licensor.
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