Q Who or What Can Be a Beneficiary?
You are able to name the following as a beneficiary:
- One person
- Two or more people
- A trust, that is controlled by the appointed trustee
- A charity
- Your estate
This list is not all inclusive and you will need to speak with a qualified estate planning attorney to discuss your options when choosing a beneficiary. For additional information about beneficiaries, read our latest blog, The Basics of Beneficiaries.