Beneficiary

A person or legal entity (such as a charity or company) that receives benefits, which may include money and property, from the Will. A Will may specify continent beneficiaries who will receive benefits if the main beneficiary has passed away or failed to meet a condition stipulated by the Will. The benefits will still pass to the beneficiary even if they change their names, for instance due to marriage, as long as the Will executor can identify the intended beneficiary.