Jul 14, 2025 · What Is a Beneficiary? A beneficiary is an individual designated to receive the belongings or assets of another person after that person's death.

Setting up your Estate Plan and wondering “what is a beneficiary?” We answer that question and more in our comprehensive guide to beneficiaries.

Key Points A beneficiary will inherit your designated assets upon your death. Having a beneficiary helps avoid the potentially costly and time-consuming probate process. Take the time to …

A beneficiary is a person or entity you designate to inherit your assets upon your passing, including retirement accounts, brokerage accounts, insurance policy proceeds, and even a …

Jul 19, 2024 · By definition, a beneficiary is someone or something (like an organization) you choose to receive any financial, legal, or physical assets owned by you after you die. The …

4 days ago · A beneficiary is a person or entity that receives a “benefit,” which is money or property from a deceased person’s estate. Beneficiaries can be any person or organization, or …

Jun 5, 2025 · A beneficiary is someone who receives proceeds or benefits from something. In the insurance area, people commonly use the term beneficiary to refer to the recipient of life …

Jan 29, 2025 · A beneficiary is someone who receives a financial asset that was once owned by someone else. Choosing beneficiaries helps ensure that your assets go to the right people …

: a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary)

A beneficiary is an individual or entity designated to receive benefits. Beneficiaries arise under different legal arrangements, including wills and trusts (distributions of property) and contracts …