Can a corporation be a beneficiary of a will?

A corporation can indeed be named as a beneficiary in a will. This principle is founded on the legal recognition of corporations as entities capable of holding property and entering into contracts, just like individuals. When a testator (the person who makes the will) specifies a corporation as a beneficiary, it is legally valid, and the corporation is entitled to receive the property or assets bequeathed to it, just as an individual would.

This eligibility is not limited to any specific type of corporation, such as nonprofit ones, nor is it contingent upon the corporation being registered in the same state as the will. The capacity of a corporation to inherit property recognizes the evolving nature of entities in law, allowing them to be included in estate planning effectively.