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Designating Beneficiaries through Contractual Arrangements by Marsha A. Getting, Ph.D., CFP, CCS, Professor and Extension Family Economics Specialist, Montana State UniversityBozeman. Joel Schumacher, Extension
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Through contractual refers to a method of fulfilling an agreement or obligation by passing it on to another party through a contract.
Any party involved in a contract who is looking to fulfill their obligations by passing them on to another party.
To fill out through contractual, parties must clearly indicate in the contract that certain obligations can be passed on to another party.
The purpose of through contractual is to provide flexibility in fulfilling obligations under a contract by allowing parties to pass on certain responsibilities to others.
The contract must clearly outline which obligations can be passed on, the party to whom they are being passed, and any relevant terms or conditions for the transfer.
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