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What’s the difference between a “beneficiary” and a “co-owner?

April 26, 2017Beneficiary co-owner difference

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What’s the difference between a “beneficiary” and a “co-owner?

1 Answer

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10 Posted

A beneficiary can cash a bond only if the owner is deceased. A co-owner can cash a bond without the knowledge or consent of the other co-owner. Bonds can only have one (1) beneficiary.