The terms Beneficiary and Heir both refer to someone who receives an inheritance after someone passes away. However, while the terms are often used interchangeably, they do not always refer to the same individual or set of individuals. Heirs can be beneficiaries but beneficiaries are not always heirs.
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For some young adults, having a full-time job doesn't translate into financial independence from their parents. According to a recent survey, nearly a quarter (24 percent) of millennials who are fully employed report receiving help from their parents with bill-paying. Cell phone and car insurance bills were reported as the top items, but rent, student loans, and credit card debt are also on the list.
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