Beneficial Ownership Ownership of the benefits related to property, rather than in the property itself. For example, the beneficiary of trust income has beneficial ownership of that trust.
Beneficiary
From LoveToKnow 1911
BENEFICIARY (from Lat. beneficium, a benefit), in law, one who holds a benefice; one who is beneficially entitled to, or interested in, property, i.e.
Beneficiaries - Aliens on whose behalf a U.S. citizen, legal permanent resident, or employer have filed a petition for such aliens to receive immigration benefits from the U.S. Immigration and Naturalization Service.
Beneficiary definition:
The person for whom a trust has been created.
Related Terms: Trustee, Settlor, Trust, Donor, Cestui Que Trust or Cestui Que Use ...
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Beneficiary
(n) Beneficiary is the person named or otherwise identified in a document to receive the benefit from a property, trust, business, agreement etc on the occurrence or non occurrence of the events contained in that document.
BENEFICIARY, SECONDARY - A will maker's second choice to receive a bequest. A secondary beneficiary receives the bequest only if the primary beneficiary dies before the will maker.
Beneficiary: Person named in a document, such as a will or insurance policy that receives a benefit.
Best Interest of the Child: A discretionary legal standard that pertains to support, visitation and custody.
Beneficiary: A person named to receive income or assets from a trust; someone who benefits from a will.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ...
Contingent Beneficiary: An alternate beneficiary named in a will, trust or other document.
Beneficiary:
The person who is in receipt, or will be in receipt, of some asset, thing, or thing of value. For example, a person can make a will naming someone, usually their spouse, as beneficiary of their estate.
Beneficiary
Refers to the person or entity (like a charity) who receives assets or profits from an estate, a trust, an insurance policy or any other financial vehicle from which assets are distributed after death.
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Beneficiaries: An individual who receives benefits granted to him by another. As examples, an heir is given money in a will by someone who has died; a person who is named to receive the moneys from a life insurance policy.
Beneficiary - Someone named to receive property or benefits in a will. In a trust, a person who is to receive benefits from the trust.
Bequeath - To give a gift to someone through a will.
Bequests - Gifts made in a will.
beneficiary - A person or organization listed in a document such as a will or trust who is to receive something of value such as money or property stated in the will or trust.
Bequeath - To give a gift to someone through a will.
BENEFICIARY: Person named in a will or insurance policy to receive money or property; person who receives benefits from a trust.
Beneficiary. One who is entitled to the benefit of a contract or of an estate held by another.
Beneficiary - Someone named to receive property or benefits in a will, trust, insurance policy, or other such document.
Bequeath - To give a gift to someone through a will.
Bequests - Gifts made in a will.
beneficiary
n. a broad definition for any person or entity (like a charity) who is to receive assets or profits from an estate, a trust, an insurance policy or any instrument in which there is distribution.
BENEFICIARY : The person named in a will or trust to receive property.
BEQUEATH : The legal word which refers to the giving of personal property by will.
beneficiary One receiving benefit or advantage, or one who is in receipt of financial benefits or profits; usually refers to the person who benefits from, or will benefit from, a trust, a life insurance policy, ...
Beneficiary:
One who benefits from the act of another. Someone named to receive property or benefits in a will. In a trust, a person who is to receive benefits from the trust.
Bequeath: ...
Beneficiary - In a legal context, a "beneficiary" usually refers to the person for whom a trust has been created. May also be referred to as a "donee" or, for legal techies, as a cestui que trust. Trusts are made to advantage a beneficiary (i.
BENEFICIA. In the early feudal times, grants were made to continue only during the pleasure of the grantor, which were called munera, (q. v.) but soon afterwards these grants were made for life, and then they assumed the name of beneficia. Dalr.
Beneficiary
Literally, one who benefits. In a legal context, a "beneficiary" usually refers to the person for whom a trust has been created. It may also be referred to as a "donee" or as a cestui que trust.
Beneficiary
A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.
Bailiff ...
beneficiary
A person who is left something in a will, or a person for whose benefit property is held by trustees or executors.
beyond reasonable doubt ...
Beneficial owner
Definition
1 : one holding a beneficial interest in a trust
compare beneficial interest at interest ...
beneficial interest
n. the right of a party to some profit, distribution, or benefit ...
beneficial use
n. the right to enjoy the use of something (particularly such ple...
alternate beneficiary
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property.
Third-Party Beneficiary
A person who receives an intended or incidental benefit by virtue of a contract to which he or she is not a party and for which he or she has paid no consideration.
The beneficiary of a life estate.
Limited partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited partners, though, have no right to manage the partnership.
In estate law, the word may refer more specifically to a situation where property identified in a will cannot be given to the beneficiary because it had to be sold to pay off the deceased debts.
Intangible personal property is sometimes more difficult to identify: a beneficiary’s expectation under the will of a person not yet deceased, the unexpired term of a pre-paid lease, a seat on the New York Stock Exchange, ...
The beneficiary of the easement is called the dominant tenement.
Settlement: Agreed compromise of proceedings.
Settlor: Person who creates a trust by donating property to be administered by a trustee.
Share: A portion of a company.
Bench Warrant(see Warrant)BeneficiaryA person designated to receive something as a result of a legal document, such as a will or insurance policy.
An AB trust is created by each spouse placing property into a trust and naming someone other than his or her spouse as the final beneficiary of that trust.
To allow performance of these duties the title to the personal property passes to the executor or administrator, rather than to the beneficiaries. The administrator derives his title from the court through his letters of administration.
The direct incentive beneficiaries of exclusive rights have an interest in expanding their rights and benefits.
Property given by a person called the donor or settlor, to a trustee, for the benefit of another person (the beneficiary or donee).
The fiduciary holds those rights which he or she must exercise to the benefit of the beneficiary.
Inheritance tax - A state tax on property that an heir or beneficiary under a will receives from a deceased person's estate. The heir or beneficiary pays this tax.
Lender
A general term encompassing all mortgages, and beneficiaries under deeds of trust.
Letter of Intent
A formal method of stating that a prospective developer, buyer or lessee, is interested in property.
equitable distribution: the power to distribute equitably upon divorce all property legally and beneficially acquired during marriage by husband and wife or either of them, whether legal title lies in their joint or individual names ...
Trust - A legal device used to manage real or personal property, established by one person (grantor or settlor) for the benefit of another (beneficiary). (See trustee.) ...
Term used to mean all proceedings pertaining to the administration of estates such as the process by which assets are gathered; applied to pay debts, taxes, and expenses of administration; and distributed to those designated as beneficiaries in the ...
trust - A transaction in which the owner of real property or personal property (the trustor or settlor) gives ownership to a trustee, to hold and to manage it for the benefit of a third party, called the "beneficiary."
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If property has to be sold to pay off the deceased's debts, it cannot then be gifted to the beneficiary. It is then said to "abate". The gift has been terminated or diminished before it could be given. See also "ademption".
 See also: Law, Person, Property, Will, State
  
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