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Real Estate Glossary

Beneficiary

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Written by Luis Escobar

This is a person or entity entitled to the benefits of a financial account, usually upon the death of the account holder. As the owner of the benefit or asset, you can direct it to any person or group you desire. A beneficiary can also be an employee covered by their employer’s employee benefit plan.

This is a person or entity entitled to the benefits of a financial account, usually upon the death of the account holder. As the owner of the benefit or asset, you can direct it to any person or group you desire. A beneficiary can also be an employee covered by their employer’s employee benefit plan.

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Luis Escobar

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