Common use of Designation of Beneficiary Clause in Contracts

Designation of Beneficiary. The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named: a. the spouse of the depositor; b. if the spouse shall predecease the depositor or if the depositor does not have a spouse, then to the depositor’s estate. The depositor may also change or revoke any previously made designation of beneficiary. A designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositor’s death shall govern. If a beneficiary dies after the depositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s estate.

Designation of Beneficiary. The depositor Depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s Depositor's death. In the event the depositor Depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositorDepositor, the following persons shall take in the order named: a. the (a) The spouse of the depositorDepositor; b. if (b) If the spouse shall predecease the depositor Depositor or if the depositor Depositor does not have a spouse, then to the depositor’s Depositor's estate. The depositor Depositor may also change or revoke any previously made designation of beneficiary. A Any designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositor’s Depositor's death shall govern. If a beneficiary dies after the depositorDepositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s 's estate.

Designation of Beneficiary. The depositor Depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s Depositor's death. In the event the depositor Depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositorDepositor, the following persons shall take in the order named: a. the (a) The spouse of the depositorDepositor; b. if (b) If the spouse shall predecease the depositor Depositor or if the depositor Depositor does not have a spouse, then to the depositor’s Depositor's estate. The depositor Depositor may also change or revoke any previously made designation of beneficiary. A designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositor’s Depositor's death shall govern. If a beneficiary dies after the depositorDepositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s 's estate.

Designation of Beneficiary. The depositor Depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositorDepositor’s death. In the event the depositor Depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositorDepositor, the following persons shall take in the order named: a. the (a) The spouse of the depositorDepositor; b. if (b) If the spouse shall predecease the depositor Depositor or if the depositor Depositor does not have a spouse, then to the depositorDepositor’s estate. The depositor Depositor may also change or revoke any previously made designation of beneficiary. A designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositorDepositor’s death shall govern. If a beneficiary dies after the depositorDepositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s estate.

Designation of Beneficiary. The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of eventof the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named: a. the spouse of the depositor; b. if the spouse shall predecease the depositor or if the depositor does not have a spouse, then to the depositor’s estate. The depositor may also change or revoke any previously made designation of beneficiary. A designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositor’s death shall govern. If a beneficiary dies after the depositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s estate.

Designation of Beneficiary. The depositor Depositor may designate a beneficiary -------------------------- or beneficiaries to receive benefits from the custodial account in the event of the depositor’s Depositor's death. In the event the depositor Depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositorDepositor, the following persons shall take in the order named: a. the (a) The spouse of the depositorDepositor; b. if (b) If the spouse shall predecease the depositor Depositor or if the depositor Depositor does not have a spouse, then to the depositor’s Depositor's estate. The depositor Depositor may also change or revoke any previously made designation of beneficiary. A designation or change or revocation of a designation shall be made by written notice in a form acceptable to and filed with the Custodian, prior to the complete distribution of the balance in the custodial account. The last such designation on file at the time of the depositor’s Depositor's death shall govern. If a beneficiary dies after the depositorDepositor, but prior to receiving his or her entire interest in the custodial account, the remaining interest in the custodial account shall be paid to the beneficiary’s 's estate.