Contingent Beneficiaries (CB's)
(usually grandchildren) are those designated to receive distributions
only upon a contingent event - which is a PB not surviving the Client
(or Client's spouse). In such case, the designated CB would instead
receive the deceased PB's share.
If a PB predeceases the Client (or the last spouse to die) and the Client has
not identified a CB to receive a particular PB's portion in the event that PB
does not survive the Client, then that portion of the estate will likely be
probated. In actuality, that non-placed allocation would become part of
the probate estate of the deceased PB - unless that PB had his own living trust
in place.
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