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What is the First Beneficiary in the Bank Trust?

April 26, 2017Bank Beneficiary Trust

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What is the First Beneficiary in the Bank Trust?

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A. First Beneficiaries are also known as “owners”. These are the investors that make the decisions. Multiple people can be listed as first beneficiary. If mulitple listed First Beneficiaries, all must sign for any future transactions whether selling, transferring, improving etc..