Beneficiary
Any person or entity designated to receive property according to the instructions of a legal document, such as a will, trust, or life insurance. Also used to generally refer to any person or entity receiving property by reason of a person's death.
See: Primary Beneficiary; Alternate Beneficiary; Devisee; Legatee
Any person or entity designated to receive property according to the instructions of a legal document, such as a will, trust, or life insurance. Also used to generally refer to any person or entity receiving property by reason of a person's death.
See: Primary Beneficiary; Alternate Beneficiary; Devisee; Legatee