Sometimes A really does equal A. You, the trustee, actually accept your role as an officer to help to cure the disposition of an estate when its progenitor dies. You are essentially the human escrow account, acting on behalf of the beneficiaries. Do they receive the helicopter that was willed to them, or do you dump it on eBay and simply wire them the proceeds? Welcome to the office of being in the office of a trustee.
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Finance: What is a Beneficiary?25 Views
Finance a la shmoop.. what is a beneficiary? well in Latin, bene is
good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]
really but being a beneficiary is good it means you get stuff like if you are
the beneficiary of weird uncle Al's will then you get his odd collection of hair
balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]
$9.32... in essence then you are the beneficiary of his will you are the one
set up to benefit by the death of someone who wanted to favor you with
their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]
balls will fall....
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