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Designations refer to the expertise and qualifications a person must complete certain jobs. Job titles describe the level and position someone holds at a company or organization.
The contract will go into probate if there isnt a beneficiary on file. A will would provide instructions to probate court of the wishes of the deceased. The probate process can vary depending on state law.
Designated recipient means a person chosen by a user using an online tool to administer digital assets of the user. Designated reception site means the designated place for the reception, staging, integration, and onward movement of contractors deploying during a contingency.
For example, if you name your three cousins as your primary beneficiaries, you can name the children of each cousin as alternate primary beneficiaries. Then, if one cousin dies before you do, their share will be divided between their children who are named as alternate primary beneficiaries.
A beneficiary is the person or entity that you legally designate to receive the benefits from your financial products. For life insurance coverage, that is the death benefit your policy will pay if you die. For retirement or investment accounts, that is the balance of your assets in those accounts.
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A receiver is an individual who is appointed as custodian of a person or entitys property, finances, general assets, or business operations. He or she can be appointed by courts, government regulators, or private entities.

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