What Is A Beneficiary And Its Types

There are several explanations, but I would like to give a brief idea of What is a Beneficiary and it’s various types. A beneficiary may be a single person or multiple people who receive a grant in the form of money or tangible assets. The source of this grant may come from an insurance policy, trust fund, retirement plan, pension or other grants from legal contracts.

To ensure the welfare and future of a beneficiary, the concept of granting and receiving of benefits was made to execute the will of a benefactor or the awarding of a claim. In the legal proceeding of a trust claim, the beneficiary also receives a periodic payment to execute the grant brought forth by a benefactor.

There are many types of beneficiary categorized according to the nature of the claim or the source of the benefits. First is the Primary Beneficiary. A concrete example of such is an heir or heiress who is the recipient of an inheritance from a deceased parent, family member or close relative. The benefits may come in the form of money, such as monthly allowances, annuity or pension, or in the form of tangible assets, such as buildings, houses, land or other real estate properties previously owned by the grantor.

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Child Custody Advice About Common Legal Custody Terms

A newly divorcing parent suddenly finds that they have to learn an entire new language-the legal language of custody. There are so many terms that it is easy to get overwhelmed or confused. Here is a basic guide to the common legal terms in custody situations.

Joint Custody. Also called: Shared custody, Coparenting, Shared parenting. Joint custody can refer to physical joint custody or legal joint custody. Physical joint custody is when parents share the physical time with their child. The child lives about equal time with both parents. Legal joint custody is when parents share the decision making process for their child. Both parents give input to education, religious, and health decisions. All of these terms imply that the parents are working together to raise the children. This is the alternative to sole custody. Sole custody is when one parent has the majority of time with the child and the other parent visits. And when one parent makes all the decisions about the children.

Child Custody Agreement. Also called: Parenting Plan, Child Visitation Agreement. The child custody agreement defines the terms of the arrangment for child custody. It explains what type of custody the parents have (joint, sole, etc) and it also has the visitation schedule. The visitation schedule is the terms for the parent visiting the child. Included in this are the holiday visitation schedule and vacation schedule.

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Riverside Bicycle Accident Attorney – Getting Legal Succor

The region of Riverside in San Bernardino is beaming with bicyclists throughout the day. You can also find them in large numbers in the surrounding areas around the Inland Empire. There is no denying that bicycle is never a match for a truck or car. More often than not, motor vehicles strike bicyclists without even knowing or realizing it. Even a helmet-wearing or gear-ridden bike rider is at best, partially or marginally protected. Fatalities are injuries are common when you consider on-road precedents. Injuries are quite customary in this uncertain life. It depends where and how you sustain an injury. A Riverside bicycle accident attorney can help you in this case.

The legal objective

If you are injured or wounded in a bicycle accident, or if a dear one has lost his/her life, you can verily get compensation pertaining to a wrongful death lawsuit or personal injury case. The concerned legal firms in the ambit aggressively shield your legal rights in this juncture. You need to know the bicycle accidents and casualties result from reckless motorists in this sneak of the woods. The authority for traffic safety council/administration reveals that out of the 2,715 traffic deaths in the state in 2010, 99 were bicyclists.

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