Beneficiary

Beneficiary in United Kingdom

Definition of Beneficiary

In accordance with the work A Dictionary of Law, this is a description of Beneficiary :

1. A person entitled to benefit from a *trust. The beneficiary holds a *beneficial interest in the property of which a *trustee holds the legal *interest. A beneficiary was formerly known as the cestui que trust.

2. One who benefits from a will.

Definition of Beneficiary

Someone entitled or benefiting under a will.


Posted

in

,

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *