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2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   A letter of credit can be transferred to the second beneficiary at the request of the first beneficiary only if it expressly states that the letter of credit is transferable. A bank is not obligated to transfer a credit. It can further be transferred to more than one alternate beneficiary as long as it allows partial shipments.

3. What Happens to Your Bank Account if You Die Without a ... - AOL

   www.aol.com/happens-bank-account-die-without...

   Some financial assets, like bank accounts and retirement portfolios, are designed to pass from one person to another. This designated recipient is known as a "beneficiary," meaning that you have ...

4. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   Adding a beneficiary or a joint account holder to your bank accounts is a great way to transfer assets to your family in a clear-cut way. You avoid the hassle of probate, and your assets are ...

5. Mistake (contract law) - Wikipedia

   en.wikipedia.org/wiki/Mistake_(contract_law)

   In Union Bank & Trust Co.v. Girard Trust Co., [18] a firm processing information in order to transfer title using the information provided by customers lacked the intent to commit illegal or improper acts when the information furnished to it was wrong. It was not part of its job description to know better, and it did not know better and charged ...

6. Third-party beneficiary - Wikipedia

   en.wikipedia.org/wiki/Third-party_beneficiary

   A donee beneficiary can sue the promisor directly to enforce the promise. (Seaver v. Ransom, 224 NY 233, 120 NE 639 [1918]). A donee beneficiary is when a contract is made expressly for giving a gift to a third party, the third party is known as the donee beneficiary. The most common donee beneficiary contract is a life insurance policy.

7. How Can My Beneficiaries Transfer Property Out of a Trust ...

   www.aol.com/finance/beneficiaries-transfer...

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8. Will and testament - Wikipedia

   en.wikipedia.org/wiki/Will_and_testament

   Legatee – beneficiary of personal property under a will, i.e., a person receiving a legacy. Probate – legal process of settling the estate of a deceased person. Residuary estate - the portion of an estate remaining after the payment of expenses and the distribution of specific bequests; this passes to the residuary legatees .

9. Beneficiary (trust) - Wikipedia

   en.wikipedia.org/wiki/Beneficiary_(trust)

   In trust law, a beneficiary (also known by the Law French terms cestui que use and cestui que trust), is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a natural person , but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in ...