Florida Trust Code Qualified Beneficiary
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FAQ
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.
Qualified beneficiaries are the first tier of beneficiaries, and take priority over other heirs in several ways. They usually include the trust creator's spouse, children, and other named beneficiaries who will inherit property upon the trust creator''s death .
Beneficiary Rights Under the Florida Trust Code. beneficiary is a named party in a legal document (such as a will or trust) who has a right to receive a deceased person's property.
What is Qualified Beneficiary? A qualified beneficiary generally is an individual covered by a group health plan on the day before a qualifying event and who is either an employee, the employee's spouse, or an employee's dependent child.
A qualified beneficiary is a limited subset of all trust beneficiaries. In effect, the class is limited to living persons who are (a) current beneficiaries, (b) intermediate beneficiaries, and (c) first line remainder beneficiaries, whether vested or contingent. See John G. Grimsley, Florida Law of Trusts, 18 Fla.