A beneficiary is a person or group who receives something good or beneficial, such as money or an advantage, often through a will or contract. Full definition
Bottom line: would you be comfortable if the law simply allowed electronic designation of beneficiaries of savings plans and insurance policies, without more? (slaw.ca)
The corporation should be named as beneficiary of the contract to avoid any corporate payments that could cause unintended tax results, such as earned income or dividend payments, 3. (libertybankerslife.com)
It is extremely common for beneficiaries of an estate to come into conflict with an estate trustee regarding the administration of an estate. (heftlaw.ca)