Related Definitions
What is an Irrevocable Beneficiary?
Beneficiaries of a life insurance policy that, once they are named, can only be removed with consent from the beneficiary.
A beneficiary designation that cannot be changed or revoked by the policyholder without the consent of the beneficiary. Irrevocable beneficiaries typically appear in insurance policies, retirement accounts, and trusts. Designating an irrevocable beneficiary provides them with a legal claim to the asset upon the policyholder’s death, preventing changes that could affect their inheritance. Understanding the implications of irrevocable beneficiaries is important in estate planning and asset protection strategies.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
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In an episode of Probate Weekly, Scott Rahn, founding partner of RMO LLP, joined host Bill Gross to discuss the real-world role of an [...]
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RMO LLP is proud to announce that Tara Burd and Uzzell Branson have been named to the 2027 San Diego Super Lawyers list, while [...]
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Key Takeaways RMO LLP is pleased to announce that Jennifer Lefton has joined our Orange County office as a Senior Attorney. Lefton represents trustees, [...]
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