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单词 Benjamin order
释义

Benjamin order
An order made by the court for the distribution of assets on death when it is uncertain whether or not a beneficiary is alive. The order authorizes the personal representatives of the deceased (who will be administering the estate) to distribute the property on the basis that the beneficiary is dead (or on some other basis); the personal representatives are therefore protected from being sued if the beneficiary is in fact alive and entitled. The beneficiary may, however, trace the trust property (see tracing trust property). The name derives from the case Re Benjamin [1902] 1 Ch 723. A more convenient, and considerably cheaper, way to deal with missing beneficiaries is to take out an insurance policy against reappearance. The courts have indicated their approval of such policies (Evans v Westcombe [1999] 2 All ER 777).

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更新时间:2025/1/13 13:41:14