The person who is named to receive an item pursuant to a trust or other device after the death of the life beneficiary. The survivor obtains the property, e.g. when the owner of a life estate dies, the property may pass to the final beneficiary.
The person who is named to receive an item pursuant to a trust or other device after the death of the life beneficiary. The survivor obtains the property, e.g. when the owner of a life estate dies, the property may pass to the final beneficiary.