Designated Beneficiary
Categories: Trusts and Estates
Well, in Latin, “bene” is “good.” So this is like…a good place to catch fish?
Well…close. Not really.
But being a beneficiary is good. It means you...get stuff. Like, if you're the beneficiary of Weird Uncle Joe’s will...then you get his odd collection of hairballs shaped like U.S. presidents…and $32,269.32.
In essence then, you are the beneficiary. You are the one set up to benefit financially by the death of someone who wanted to favor you with their assets...when they had passed on to the great beyond. Where, uh…hairballs fall like candy...
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Finance: What is a Beneficiary?25 Views
Finance a la shmoop.. what is a beneficiary? well in Latin, bene is
good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]
really but being a beneficiary is good it means you get stuff like if you are
the beneficiary of weird uncle Al's will then you get his odd collection of hair
balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]
$9.32... in essence then you are the beneficiary of his will you are the one
set up to benefit by the death of someone who wanted to favor you with
their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]
balls will fall....