Beneficiary: Difference between revisions
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imported>Doug Williamson (Add definition. Source: Linked pages) |
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The party that is named by the grantor, settler or creator of a trust and is entitled, according to the terms in the respective trust deed, the benefit from the revenues of the trust. | The party that is named by the grantor, settler or creator of a trust and is entitled, according to the terms in the respective trust deed, the benefit from the revenues of the trust. | ||
3. | |||
A party that benefits from a will. | |||
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* [[Deduct from beneficiary]] | * [[Deduct from beneficiary]] | ||
* [[Settlor]] | * [[Settlor]] | ||
* [[Testator]] | |||
* [[Trust]] | * [[Trust]] | ||
* [[Trust deed]] | * [[Trust deed]] | ||
Revision as of 17:46, 28 February 2022
1.
A person or company to whom money is paid.
Also known as a payee.
2.
The party that is named by the grantor, settler or creator of a trust and is entitled, according to the terms in the respective trust deed, the benefit from the revenues of the trust.
3.
A party that benefits from a will.
