The LifeXperts.com Glossary
Estate Planning

Heir

An heir is a person who is legally entitled to inherit from you under the law. If you die without a will, the law decides who your heirs are based on family relationships. A beneficiary is someone you specifically chose to receive something. Having a will means you choose — without one, the law decides who your heirs are.

In short

An heir is someone the law says should inherit. A beneficiary is someone you chose. A will gives you the power to choose — without one, the law decides for you.

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