Beneficiary (trust)

A beneficiary is like a friend that gets to have your toys when you don't want them anymore. But instead of toys, it's money or property that someone gives to another person when they die or can't take care of it anymore. And a trust is like a special box that someone puts their money or property into to keep it safe and make sure it goes to the right person. So when someone sets up a trust, they choose who gets the stuff in the box (the beneficiary) and how it will be given to them. That way, the stuff will always go to the person they wanted it to go to, even after they're not around anymore.