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