Warning
Info
Warning
Info
Simple English definitions for legal terms
unborn beneficiary
Read a random definition: small-loan act
A quick definition of unborn beneficiary:
Unborn Beneficiary: An unborn beneficiary is someone who is going to receive something, like money or property, but hasn't been born yet. It's like a present that is waiting for them in the future.
A more thorough explanation:
Definition: An unborn beneficiary is a person who has been named as a beneficiary in a will or trust, but who has not yet been born.
Example: John creates a trust and names his future child as a beneficiary. However, John's child has not yet been born. In this case, the child is considered an unborn beneficiary.
Explanation: An unborn beneficiary is a legal term used to describe a person who has been named as a beneficiary in a will or trust, but who has not yet been born. This can happen when a person creates a will or trust and wants to include future children or grandchildren as beneficiaries. The unborn beneficiary will receive their share of the inheritance once they are born and meet the requirements set out in the will or trust.