Beneficiary Letter Of Instruction Template for Philippines

1. Contingent Beneficiaries: Used when the grantor wishes to name alternative beneficiaries in case primary beneficiaries are deceased or unable to receive the benefits

2. Special Conditions: Include when there are specific conditions or restrictions on how beneficiaries can receive or use the assets

3. Duration of Instructions: Used when the instructions have a specific validity period or need to be renewed after certain intervals

4. Revocation of Prior Instructions: Include when this letter supersedes any previous beneficiary instructions

5. Foreign Currency Provisions: Include when assets are held in multiple currencies or when international transfers may be required

1. Schedule A - Account Details: Detailed list of all accounts covered by the instruction letter, including account numbers and types

2. Schedule B - Beneficiary Information: Detailed information about beneficiaries including their tax identification numbers, contact details, and preferred payment methods

3. Appendix 1 - Required Documents: List of documents that must be presented by beneficiaries to claim their entitlements

4. Appendix 2 - Distribution Matrix: Detailed breakdown of how assets should be distributed among multiple beneficiaries, including percentages or fixed amounts