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;Beneficiary: A person who is to receive money or property in a will, benefit plan, or insurance policy.
;Debts: Money that a person owes. For example, a credit card balance, a car loan, or a mortgage.
;Estate: All of the property and belongings a person owns upon their death, with some exceptions. The estate does not include property owned with someone else jointly (such as a joint bank account) or property that has a designated beneficiary (such as an insurance policy).