Beneficiary - Law Dictionary Search Results

Home Dictionary Name: beneficiary Page 1 of about 85 results (0.002 seconds)

beneficiary

beneficiary pl: -ries : a person or entity (as a charity or estate) that receives a benefit from something: as a : the person or entity named or otherwise entitled to receive the principal or income or both from a trust compare settlor, trustee contingent beneficiary : a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary) income beneficiary : a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust NOTE: A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust. b : the person or entity named by the insured of a life insurance policy to r...

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Beneficiary - Law Dictionary Search Results

beneficiary

contingent beneficiary

creditor beneficiary

direct beneficiary

donee beneficiary

incidental beneficiary

income beneficiary

primary beneficiary

secondary beneficiary

third-party beneficiary