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Form #1022Alternative Designation of Beneficiaries
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Alternative designation
of beneficiaries.
_________ [For a single beneficiary: _________ [name]
as to 100 percent of the beneficial interest] or _________ [For multiple
beneficiaries, whether sharing equal or unequal interests: _________ [name]
as to a _________ percent interest and _________ [name] as to a
_________ percent interest] or _________ [For spouses: _________ [names]
husband and wife, as joint tenants with right of survivorship and not as
tenants in common] or _________ [For single beneficiary with contingent
remainder beneficiary: _________ [name] as to 100 percent of the
beneficial interest, but on the death of _________ [name] during the
existence of this trust, any beneficial interest not previously disposed of
shall vest in _________ [name] if _________ [he or she] survives.
Any named remainder beneficiary shall succeed to all the rights of the
beneficiary under this agreement, but until the life interest terminates, the
remainder beneficiary has no rights or powers under this trust agreement] or
_________ [For life estate and vested remainder interests: _________ [name]
as to 100 percent of the beneficial interest during _________ [his or her]
life, and on _________ [his or her] death during the existence of this
trust, the entire beneficial interest under this agreement not previously
disposed of shall vest in _________ [name of remainder owner] or [his
or her] estate. During the life estate of _________ [name] the
beneficial interest cannot be disposed of, assigned, or encumbered without the
written consent of _________ [name of remainder holder] ] or _________
[For a general partnership: _________ [name of partnership] a
partnership consisting of _________ [names of individual partners] ] or
_________ [For a limited partnership: _________ [name of partnership] a
limited partnership whose general partners are _________ [names] ] or
_________ [For a joint venture: _________ [name of joint venture] a
joint venture, consisting of _________ [names] joint venture] or
_________ [For a corporation: _________ [name] an _________ [state]
corporation].
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legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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