Beneficiary Of Trust


Definition of "Beneficiary of trust"

Melissa  Hennings real estate agent
Melissa Hennings, Real Estate Agent Coldwell Banker Apex, Realtors

Person for whom the trust was created and who receives the benefits thereof. In many instances a trust is established to prevent the careless exhaustion of an estate. For example, the establishment of a trust for the benefit of a child seeks to guarantee that the parent's estate will not be carelessly diminished.

 

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