§ 262 Disclaimer Beneficiary Definition

• •A beneficiary is someone who is supposed to get something, like money or property.
• •If they say 'no thanks,' then they're not taking it, and someone else might get it instead.
• •This is usually about stuff like wills or inheritances.

Your grandma leaves you $1,000 in her will.

You are the beneficiary because you're the one who would get the money if you didn't refuse it.