ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The person who inherits ownership of a financial asset if the purchaser dies is called the
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donor.
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benefactor.
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recipient.
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beneficiary.
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Explanation:
Detailed explanation-1: -Beneficiary. Someone who inherits the ownership of the financial asset if the purchaser dies.
Detailed explanation-2: -Your beneficiary can be a person, a charity, a trust, or your estate.
Detailed explanation-3: -A beneficiary is anyone you name in your Estate Plan who will ultimately benefit from your estate. The benefits could be in the form of money or anything else you pass down. Beneficiaries are an important part of your plan, as they give purpose and guidance for what you’re leaving behind.
Detailed explanation-4: -spouse, partner, children, parents, brothers and sisters, business partner, key employee, trust and charitable organization.
There is 1 question to complete.