N.Y. Estates, Powers and Trusts Law 1-2.18 – Testamentary beneficiary
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§ 1-2.18 Testamentary beneficiary
Terms Used In N.Y. Estates, Powers and Trusts Law 1-2.18
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A testamentary beneficiary is a person in whose favor a disposition of property is made by will.