BENEFICIARY HEIR Meaning and
Definition
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A beneficiary heir is a legal term that refers to an individual who is entitled to receive the assets or benefits from a deceased person's estate or will. More specifically, a beneficiary heir is someone who is designated as a recipient of property, money, or other valuables as outlined in the last will and testament of the deceased individual.
The term "beneficiary" denotes an individual or entity who receives benefits, assets, or advantages as specified by a legal instrument, such as a will, trust, or contract. In the context of inheritance and estates, a beneficiary refers to the person chosen by the deceased as the recipient of their assets, whether it be financial assets, real estate properties, or other forms of valuable possessions.
An "heir," on the other hand, typically refers to a person who is legally entitled to inherit the estate or assets of a deceased individual based on the laws of intestacy, which come into play when there is no will or when the will is invalid. However, in the context of a beneficiary heir, the individual's entitlement to the assets is specifically outlined in a valid will, rather than being determined solely by the laws of intestacy.
In summary, a beneficiary heir is an individual who is both designated as a beneficiary in a will and is legally entitled to inherit the assets or benefits specified in that will upon the death of the testator.
Etymology of BENEFICIARY HEIR
The word "beneficiary" has Latin roots and comes from the Latin word "beneficiarius", which means "a person receiving a favor or benefit". The term "heir" also has Latin roots and comes from the Latin word "heres", which means "heir or inheritor".
In the context of "beneficiary heir", "beneficiary" refers to a person who receives benefits or advantages, typically relating to property, money, or assets. "Heir", on the other hand, refers to a person who is entitled to inherit the property, rights, or title of another person, particularly upon their death.
When used together, "beneficiary heir" refers to a person who is both entitled to inherit assets or property as an heir and also receives specific benefits or advantages as a beneficiary.
Similar spelling word for BENEFICIARY HEIR
