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Beneficiary (Types)

There are many kinds of beneficiaries. A sole beneficiary is the only individual who inherits property. Having several beneficiaries means that there are multiple individuals who will inherit property according to your Last Will. Sometimes the original  beneficiaries cannot or will not inherit the property. In that case, there usually is an alternate sole beneficiary. Alternatively, there might be multiple alternate beneficiaries instead.

See also: Will, Trust

Last updated: March 21, 2022

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