Is a beneficiary the same as an heir?

Is a beneficiary the same as an heir?

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Madison
Assistant at Parklin Law

There is a difference between a beneficiary and an heir. A beneficiary is the person you'd like to have received your assets if you pass away without a will. An heir is the person who will be eligible to inherit your assets after the death of your spouse. If you have children, they are your heirs.

In addition, an heir is a person who inherits an estate or title. They are someone who inherits property when someone dies without leaving a will. In this case, the surviving spouse inherits everything if there are no children, or other descendants (or parents, if they survive). If there are no descendants or parents, the surviving spouse inherits everything.

While, a beneficiary is a person for whom something is done. In the context of estate planning, a beneficiary is a person who receives something from another's estate. They are the person or entity that will receive something from a will—for example, your personal belongings or money from your estate after you die. A beneficiary is not an heir unless you specifically say so in your will.

If you have any questions or in need an Estate Planning Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

We help you with Estate Planning, Wills, Trusts, Power of Attorney, Health Care Directive, Estate Administration, Probate and More

Parklin Law - Estate Planning

5772 W 8030 S, # N206

West Jordan UT 84081

(801) 618-0699

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Parklin Law
Estate Planning Attorney in West Jordan
https://parkin-law.business.site/

40.605070, -112.027530

Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Location: Bountiful, UT 84010, USA

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