beneficiary and heir difference

Beneficiary Vs Heir – What Is The Difference?

Whether you are putting together your own Will or standing to receive assets left to you by someone else, you may wonder what the actual difference is between a beneficiary vs an heir. Some people may use the terms interchangeably, however, heirs and beneficiaries are not the same thing. Not all heirs are beneficiaries, and…

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primary v contingent beneficiary

Primary v Contingent Beneficiary

What Is The Difference Between Primary v Contingent Beneficiaries? A primary beneficiary is a person or entity who is first in line to receive assets upon the death of the policyholder or account owner. A contingent beneficiary is a person or entity who is next in line to receive the assets if the primary beneficiary…

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