Beneficiary
Learn about beneficiaries in estate planning - who they are, how to designate them, and their role in asset distribution. Explore key considerations.
What happens if a beneficiary dies before the person who created the trust?
When a beneficiary passes away before the trust creator, the outcome depends on how the trust document is written. Some trusts include contingent beneficiaries who would receive the assets instead. Others may specify that the deceased beneficiary's share goes to their children or heirs. Understanding these provisions can help families plan for various scenarios and ensure assets are distributed according to their intentions.
