A plain-language definition, not a conclusion about a document or case. Read the term in its full legal context.
Plain-English meaning
Beneficiary
A person or organization entitled to receive property or benefits under a will, trust, account designation, policy, or other transfer arrangement.
Why the term matters
The controlling document and the asset's title determine what the beneficiary may receive and when.
Do not confuse it with
A beneficiary is not always an heir. An heir is identified by intestacy law; a beneficiary is named by a governing instrument or contract.