If you are thinking about planning a will, then you might be asking yourself, who can be a beneficiary of my will? The answer to the question is anyone who receives an asset within the scope of the power (ie. assets that beneficiaries alone can receive). However, it doesn’t matter who gets the assets as long as they are entitled to receive them because under the legal system they are entitled to receive them.
Who do you want to name as your beneficiaries? If you are interested in providing financial stability to your family, then the answer to the question, Who can be a beneficiary of my will? is obvious. If you are a person who wants to give a significant amount of money away to charity or whomever, then it is also within your power to do just that. For help and advice on writing a will, consider a Will Writing Cheltenham like that available from Bees and Co
As long as your will includes a provision that says whoever receives an asset after your death is considered a beneficiary of my will, then the answer to the question, “Who can be a beneficiary of my will?” is pretty self explanatory as it can be anybody or any organisation you wish to leave money for. One stipulation in law is that the person you choose to be the witness of your will signing, cannot also be a beneficiary of that will.