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Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.
One way to provide for a minor child with your life insurance benefit is to place it in a trust managed by a custodian of your choice. It might also be possible to designate your death benefit for uses that benefit your minor child.
Name a Trust Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word ?trustee,? or if you cannot provide a trustee, ETF may accept another contact person.
Name a Trust Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word ?trustee,? or if you cannot provide a trustee, ETF may accept another contact person.
You can name a legal minor as the beneficiary of a trust. That's particularly important because, if you want to leave assets to a minor, a trust is how you'll do it.