Can an estate be a beneficiary of a will?
Can an estate be a beneficiary of a will? Assistant at Law Assistant at Parklin Law Yes, an estate can be a beneficiary of a will. A will might name an estate as a beneficiary to receive certain property or assets; or it could appoint the executor of an estate to oversee the distribution of certain property or assets. Either way, a will can designate an estate as a beneficiary. When you set up a will, you are able to choose who gets your assets after your death. However, it's often overlooked that an estate can be named as a beneficiary of a will. When you leave an inheritance to an estate, the money or property is held in trust by the executor of the estate until one or more beneficiaries reach the age of maturity or become legally emancipated. When deciding on a beneficiary for your money or property, consider naming an estate. Naming an estate allows you to help someone who might not otherwise have received anything after your death. An estate is typically used when you wi...