Meaning & use

sole beneficiary

noun·Advancedlawfinance

Last updated

UK/ˌsəʊl benɪˈfɪʃəri/
US/ˌsoʊl benɪˈfɪʃieri/

Meanings

  1. nouncountablelawfinance

    The single person or organization named to receive all of an estate, policy payout, or trust.

    Grammar: Countable and usually used with 'the' or a possessive: 'She is the sole beneficiary of the will.'

    Patterns

    • be the sole beneficiary of something
    • name someone as sole beneficiary
    • make someone the sole beneficiary

    After her husband died, she became the sole beneficiary of his life insurance policy.

    The will named his brother as sole beneficiary, so the other relatives received nothing.

    You can change the policy so that your daughter is the sole beneficiary.

  2. nouncountablefigurative

    The one person who gains all the advantage from an event or situation.

    Grammar: Used figuratively in general writing, often followed by 'of': 'the sole beneficiary of the reforms'.

    Patterns

    • the sole beneficiary of something
    • be the sole beneficiary of a change

    Small businesses were the sole beneficiaries of the new tax rule.

    In practice, the richest families were the sole beneficiaries of the policy.

Word forms

pluralsole beneficiaries

Common combinations

name someone as sole beneficiary
He named his niece as sole beneficiary in his will.
the sole beneficiary of a will
As the sole beneficiary of the will, she inherited the house.
the sole beneficiary of a life insurance policy
The bank asked who was the sole beneficiary of the life insurance policy.
become the sole beneficiary
After the divorce, he became the sole beneficiary of the trust.
designate someone as sole beneficiary
You may designate your spouse as sole beneficiary.

Synonyms and how they differ

sole heir
More common for inheriting property under a will; 'sole beneficiary' is broader and also covers insurance and pension payouts.
only beneficiary
Plain-English equivalent; 'sole' sounds more formal and legal.

Opposites

joint beneficiaryco-beneficiary

Word family

beneficiary noun
A person who receives money or property from a will, trust, or policy.
benefit verb
To gain an advantage from something.
beneficial adjective
Having a good or helpful effect.

Commonly confused: sole beneficiary or sole executor? sole beneficiary or sole proprietor?

sole beneficiary vs sole executor

An executor is the person who carries out the instructions in a will; a beneficiary is the person who receives the money or property.

sole beneficiary vs sole proprietor

A sole proprietor owns a business alone; a sole beneficiary receives an inheritance or payout alone.

Practice

In her will, she named her son as the ______ beneficiary, so he received the entire estate.

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