Heir and Beneficiary – What Is The Difference?
Estate planning, especially concerning probate law, requires a careful understanding of the definitions and laws that pertain to the legal transfer of property as desired by an estate holder. One inquiry wills and probate lawyers often receive is to explain the difference between an heir and a beneficiary. Understanding this difference is essential because each is viewed differently by the law. Before attempting to draw up a Trust or Will, it is essential for the person planning their estate to […]