Author: External Author | | Categories: Attorney , Elder Law , Elder Law Attorney , Estate Administration , Estate Planning , Estate Planning Attorney , Law Firm , Legal Assistant , Power of Attorney , Probate Administration , Wills and Trusts

A beneficiary is any person who gains an advantage and/or profits from something. In the financial world, a beneficiary typically refers to someone eligible to receive distributions from a trust, will, or life insurance policy. Beneficiaries are either named specifically in these documents or have met the stipulations that make them eligible for whatever distribution is specified.

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Original Article Source Credits: Investopedia,

Article Written By: JULIA KAGAN

Original Article Posted on: Apr 10, 2021

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