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co-beneficiary

co-beneficiary

7.0
A person who shares a benefit from a will, insurance policy, or trust
  • noun
  • /koʊˌbɛnɪˈfɪʃəri/
  • Specialized
translation icon : co-beneficiario
  • As a co-beneficiary, you have rights to the trust income.

Examples

  • Each co-beneficiary has equal rights to the life insurance payout.

  • As a co-beneficiary, she was entitled to half of the estate.

  • The trust named Sarah as a co-beneficiary along with her brother, meaning they must share all distributions.

  • John and Sarah are co-beneficiaries of their father's estate.

  • As a co-beneficiary, she was entitled to half of the estate.

  • Each co-beneficiary has equal rights to the life insurance payout.

  • John and Sarah are co-beneficiaries of their father's estate.

Synonyms

beneficiary
vsco-beneficiary
130 5.8

A person or organization who receives money and help from a will, trust and insurance

is one of several people entitled to the same benefit
inheritor
vsco-beneficiary
7 4.6

A person who is allowed by law or a will to receive someone's property after they die

is entitled together with others to the same benefit not only after death
coheir
vsco-beneficiary
7.7

A person who shares money or property left by someone who died

is broader, applying to shared entitlement from trusts, policies, or wills
cestuy
vsco-beneficiary
  • Archaic
9.9

A person who receives money or property held by someone for them

is the modern legal term used instead of the older word

Surface Forms

Morphology

co-beneficiary = beneficiary (transparent) = co + beneficiary

The prefix 'co-' meaning 'jointly' combines directly with 'beneficiary' to indicate someone who shares entitlement to the same benefit.

Etymology

Co-beneficiary starts with co-, meaning 'with' or 'together', and ends with beneficiary, which comes from benefit meaning 'a good thing or payment'. So a co-beneficiary is someone who shares the same benefit or payment with others, like people who each get part of an insurance payout or an estate.