• In trust law, a beneficiary (also known by the Law French terms cestui que use and cestui que trust), is the person or persons who are entitled to the...
    7 KB (959 words) - 18:14, 9 December 2023
  • the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured. In trust law...
    3 KB (312 words) - 19:50, 27 May 2024
  • Thumbnail for Trust (law)
    as the "beneficiary", and the entrusted property is known as the "corpus" or "trust property". A testamentary trust is an irrevocable trust established...
    78 KB (10,258 words) - 12:46, 14 August 2024
  • Thumbnail for Spendthrift trust
    how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary generally cannot reach the funds in the trust, and the...
    10 KB (1,629 words) - 21:40, 22 August 2023
  • Thumbnail for Blind trust
    A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling....
    5 KB (504 words) - 21:13, 5 November 2023
  • Thumbnail for Discretionary trust
    In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements...
    9 KB (1,368 words) - 16:30, 30 July 2024
  • Thumbnail for Bare trust
    In trust law, a bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into their...
    4 KB (532 words) - 00:47, 1 April 2024
  • Thumbnail for Special needs trust
    special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to enjoy the...
    6 KB (766 words) - 12:06, 27 February 2024
  • Thumbnail for Trust (business)
    while any benefit from the property accrues to another person, the beneficiary. Trusts are commonly used to hold inheritances for the benefit of children...
    11 KB (1,344 words) - 18:44, 4 August 2024
  • and manage this right for a beneficiary (to whom the full property will be transferred with the termination of the trust) who has the "equitable right"...
    4 KB (468 words) - 02:43, 20 October 2023
  • "Preferred Beneficiary election" and attribute the trust income to the beneficiary of the trust without actually paying it out. The trust beneficiary would...
    5 KB (602 words) - 00:30, 17 August 2024
  • Thumbnail for Totten trust
    to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the form "[depositor], in trust for [beneficiary]". The name...
    3 KB (424 words) - 22:10, 18 January 2022
  • the benefit of beneficiaries Trustor (agent), an entity that trusts another entity Trustor affair, an investment company takeover Trust (disambiguation)...
    363 bytes (77 words) - 00:43, 16 October 2019
  • Thumbnail for Interest in possession trust
    in possession trust is a trust in which at least one beneficiary has the right to receive the income generated by the trust (if trust funds are invested)...
    4 KB (662 words) - 05:33, 25 May 2024
  • Thumbnail for Trustee
    Trustee (category Wills and trusts)
    prospective beneficiary. Trustees have certain duties (some of which are fiduciary). These include the duty to: Carry out the expressed terms of the trust instrument...
    14 KB (1,816 words) - 01:05, 5 May 2024
  • the settlor. Not all trusts where the settlor is also the beneficiary are resulting trusts. In common law systems, express trusts that clearly state the...
    8 KB (1,097 words) - 00:40, 19 April 2024
  • Thumbnail for English trust law
    set the terms of trusts in any way they like, there is a growing body of legislation to protect beneficiaries or regulate the trust relationship, including...
    157 KB (22,992 words) - 16:24, 16 April 2024
  • Thumbnail for Asset-protection trust
    the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments and the courts. The asset-protection trust is...
    32 KB (4,807 words) - 17:48, 14 September 2023
  • Thumbnail for Supplemental needs trust
    trust agreement) for the benefit of another party known as the beneficiary. Trusts can be used as a vehicle to make assets available to a beneficiary...
    16 KB (2,215 words) - 12:25, 27 February 2024
  • the trust fund other than as directed by the beneficiary, and where there are no restrictions beneficiary's right to use the property. A nominee trust is...
    8 KB (842 words) - 18:39, 1 September 2022
  • borrower is referred to as the trustor, while the lender is referred to as the beneficiary. Transactions involving deeds of trust are normally structured, at...
    10 KB (1,438 words) - 15:52, 1 June 2024
  • Thumbnail for Express trust
    persons, called beneficiaries. The trustee may distribute the property, or the income from that property, to the beneficiaries. Express trusts are frequently...
    9 KB (1,393 words) - 23:07, 22 August 2023
  • Thumbnail for United States trust law
    or grantor who creates the trust; (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of...
    61 KB (9,271 words) - 15:54, 1 September 2023
  • into an irrevocable trust. The trust then pays a fixed amount of income each year to the donor or the donor's specified beneficiary. When the donor dies...
    1 KB (128 words) - 12:35, 3 August 2023
  • A fiduciary trust is a fiduciary relationship in which a trustee holds the title to assets for the beneficiary. The trust's creator is called the grantor...
    972 bytes (116 words) - 04:00, 17 March 2023
  • sole beneficiary of a trust. In such a case, the trust is sometimes deemed to have terminated (with the result that the beneficiary owns the trust property...
    755 bytes (92 words) - 08:04, 10 August 2021
  • The beneficiary principle is a policy of English trusts law, and trusts in Commonwealth jurisdictions, that trusts which do not have charitable objects...
    2 KB (359 words) - 13:54, 22 April 2022
  • Thumbnail for Charitable trust
    annuity trust) or a percentage of trust principal (charitable remainder unitrust), to either the donor or another named beneficiary. If the trust qualifies...
    10 KB (1,333 words) - 15:48, 22 December 2023
  • specified time, any remaining value in the trust is passed on to a beneficiary of the trust as a gift. Beneficiaries are generally close family members of...
    5 KB (693 words) - 11:57, 29 July 2024
  • Thumbnail for Beach bum trust provision
    A beach bum trust provision, in the law of trusts, ties the ability of a trust beneficiary to take from the trust to the beneficiary's own earnings. "Beach...
    1 KB (149 words) - 22:07, 23 April 2024