What Is a Contingent Beneficiary and How Do You Choose One? - Werner Law Firm

What Is a Contingent Beneficiary and How Do You Choose One?

A contingent beneficiary is a secondary beneficiary who only inherits if the first or primary beneficiary refuses their inheritance or cannot inherit. A contingent beneficiary is not a second or third beneficiary who will inherit in addition to your first heir. If everything goes “well,” the contingent beneficiary may not inherit anything. One of the …

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