Back to Glossary
Beneficiary
A person or entity designated to receive assets, benefits, or proceeds from a will, trust, insurance policy, or other legal arrangement.
Used in these documents:
Related Terms:
Executor
A person named in a will to carry out the deceased person's wishes, including distributing assets, paying debts, and managing the estate through probate. Also called a personal representative.
Testator
The person who creates and signs a will. The testator must be of legal age (usually 18) and of sound mind. A female testator is sometimes called a testatrix.
Disclaimer
This definition is for informational purposes only and does not constitute legal advice. Consult a licensed attorney for specific guidance.