The beneficiary clause and the CPIC partnership contract
INFORMATION ABOUT THE NEW BENEFICIARY CLAUSE
The original document of the beneficiary clause must be:
- printed on both sides;
- completed;
- signed on the reverse;
- sent to CPIC by postal mail
Download beneficiary clause
Download CPIC’s partnership form
Download CPIC’s substantial support form
Rightful claimants as per Art.13, para.1 letter a :
In this section, you must designate:
- the spouse or civil partner and
- the children (below and above the age of majority)
To designate a civil partner, you must also provide a contract signed during the beneficiary’s lifetime, as per the model drawn up by CPIC.
Distribution if the beneficiary has not made their wishes known to CPIC during their lifetime:
- At least 50% of the capital is allocated to the spouse or civil partner
The remainder (max. 50%) is divided equally between the children (below and above the age of majority)
Rightful claimants as per Art.13, para.1 letter b :
In the absence of rightful claimants as per Art. 13, para. 1, letter a of the By-Laws, you may designate
- Any person whom the deceased substantially supported at the time of their death
Mandatory conditions:
- A Substantial Support Contract as per the CPIC model must be signed during the beneficiary’s lifetime.
- Substantial support means that the deceased has paid at least 50% of the essential expenses of the person designated as per Art. 13, para.1, letter b of the By-Laws for a period of at least five years immediately prior to their death (proof required).
- For each designated person, it is necessary to specify the allocated percentage (maximum 50%).
The balance (the remaining 50%) is allocated to blood relatives as per the order defined in Art. 13, para. 1, letter c.
Rightful claimant(s) as per Art.13, para.1 letter c :
In the absence of rightful claimants as per Art. 13, para. 1, letters a and b of the By-Laws, you may designate
- father and mother,
- brothers and sisters,
- nephews and nieces.
For each designated person, it is necessary to specify the family relationship and the allocated percentage.
Rightful claimant(s) as per Art.13, para.1 letter d :
In the absence of rightful claimants as per Art. 13, para. 1, letters a, b and c of the By-Laws, you may designate
- the other legal heirs (blood relatives).
For each designated person, it is necessary to specify the family relationship and the allocated percentage.
Rightful claimant(s) as per Art.13, para.1 letter d :
Companies, associations, organisations, charities and all similar institutions are excluded as rightful claimants.