What you need to know about beneficiaries
Whether you are in the process of writing your will or someone close to you has passed away, you may have heard the term beneficiaries and wonder whether it is something you need to consider.
Beneficiaries are those people who benefit, whether through a will, a trust or a life insurance policy when someone dies. Each beneficiary is named within the relevant document and there can be as many beneficiaries as the deceased wishes.
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