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Who is the beneficiary in the estate settlement process?
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A ‘beneficiary’ is the term used to describe a person or entity that receives assets from an estate under the will or an intestacy, or other assets (for example insurance policies) by way of a beneficiary designation. This person may also be known as “heir”, “legatee” or “successor”.
For more details check out:
• Estate Guide
• Your first steps as an estate representative
- What are the first steps as an estate representative?
- Who is an Estate Representative?
- What is an estate and estate settlement?
- Where can I find my account statements?
- What is Probate?
- What are the responsibilities that need to be handled by the estate representative?
- Who can open an RESP account for a beneficiary?
- What are some additional costs to consider when buying a home?
- Is there a spending limit for using my Simplii card with mobile wallet?
- How do I pay my Simplii Financial credit card bill?
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