Florida Regulations > Chapter 19B-16 – Florida College Savings Program
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Terms Used In Florida Regulations > Chapter 19B-16 - Florida College Savings Program
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
