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Updated on
March 16, 2024

Beneficiary

Written by: 
landa

A person or entity who is designated to receive the benefits of property owned by someone else

What is a Beneficiary?

A beneficiary is a person or entity that receives the benefits of a trust, will, or other legal arrangements. In the context of real estate, a beneficiary is typically the person or entity who will ultimately own the property, either outright or in trust. The beneficiary is entitled to receive the proceeds from the sale or rental of the property and may have other rights as well.

Beneficiary types

There are several types of beneficiaries in real estate, including:

Right and responsibilities of a beneficiary

There are several rights and responsibilities that you may have in a real estate transaction, including:

In some cases, the beneficiary may also have the right to contest the terms of the trust, will, or other legal arrangements.

A beneficiary is a person or entity that receives the benefits of a trust, will, or other legal arrangements.

The beneficiary is typically the person or entity who will ultimately own the property, either outright or in trust. Beneficiaries have certain rights and responsibilities in a real estate transaction, and should carefully review the terms of the trust, will, or other legal arrangements before taking any action concerning the property.

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