What are beneficiary induvidual, trust and Estate? What's the difference?

Question

About employment benefits. Thanks

Answer 1

If you apply for benefits, you are the individual. The "estate" is your assets when you die. Not sure what the "trust" issue, are you sure that's the entire phrase? Generally, a "trust" is used to pay a minor, or someone who is incapable of handling their own affairs. The money is paid to the trust, and the trust handles your money for you.