Specific Living Trust With Multiple Beneficiaries
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FAQ
If there is more than one beneficiary for a policy, each beneficiary must make a separate claim to receive their portion of the funds. The primary beneficiary is the first person (or, if multiple primary beneficiaries, persons) to receive the death benefit.
General Instructions Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write ?children? on one of the lines; instead write the full names of each of your children on separate lines.
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.
If the policyholder would like to name multiple beneficiaries to a single policy, he or she can specify any number of ?co-beneficiaries.? When multiple beneficiaries are listed, insurance companies can split the same death benefit amongst them.
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.