co-beneficiary
- noun
- /koʊˌbɛnɪˈfɪʃəri/
- Specialized
- As a co-beneficiary, you have rights to the trust income.
Examples
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Each co-beneficiary has equal rights to the life insurance payout.
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As a co-beneficiary, she was entitled to half of the estate.
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The trust named Sarah as a co-beneficiary along with her brother, meaning they must share all distributions.
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John and Sarah are co-beneficiaries of their father's estate.
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As a co-beneficiary, she was entitled to half of the estate.
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Each co-beneficiary has equal rights to the life insurance payout.
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John and Sarah are co-beneficiaries of their father's estate.
Synonyms
A person or organization who receives money and help from a will, trust and insurance
A person who is allowed by law or a will to receive someone's property after they die
A person who shares money or property left by someone who died
A person who receives money or property held by someone for them
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.