Final beneficiary - sustany/dvg GitHub Wiki

Final beneficiary refers to the last person in line to benefit from a trust, life insurance policy, or other property when the original owner assigned multiple beneficiaries. A final beneficiary is someone who takes after the previous beneficiaries� life estates or other period of control ends. For example, Carol deeds her estate in trust to Jessica for life and then to Janice. Janice would be the final beneficiary.�