WebOverview of Types of Intended Beneficiaries. In general, the term "Beneficiary" is one for whom the trust is created. Recipients of private trusts should be recognizable lawful bodies or a class of people (like offspring of the trust maker). While the recipients should be portrayed with conviction, arrangements might be made for the expansion ... WebDefinitions of beneficiary noun the recipient of funds or other benefits synonyms: donee see more noun the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause synonyms: benefactive role see more adjective having or arising from a benefice “a beneficiary baron” VocabTrainer™
beneficiary Wex US Law LII / Legal Information Institute
Webbeneficiary noun [ C ] us / ˌben·əˈfɪʃ·iˌer·i, -ˈfɪʃ·ə·ri / a person or group who receives money or other benefits as a result of something else: Among major beneficiaries of the new tax … WebAny heirs of the deceased Beneficiary would split that portion of the inheritance equally. Common uses in Estate Planning According to the per stirpes definition, this can be a great strategy to use if you want to be sure you’ve set up an Estate Plan that will remain valid and fair even if a Beneficiary passes away before you do. the geneva suites
Beneficiary legal definition of beneficiary …
WebOf or holding a benefice. Webster's New World. Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent … WebApr 5, 2024 · Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account … WebWhat Is the Definition of Beneficiaries? A beneficiary receives assets, property, or other benefits from a deceased person. A beneficiary may be named as part of a will or trust to receive something from the deceased. Typically, the estate plan documents will explain what a beneficiary is entitled to, such as life insurance benefits, property ... the answer unkle