An individual designated to receive distributions of trust income.
A person who receives payments from a life income plan, such as a charitable gift annuity or charitable remainder trust.
The beneficiary of a trust who is entitled to receive the income from it.
The person(s) who is entitled to income currently payable or accumulated for distribution as income.
The beneficiary of a trust who has the right to the beneficial enjoyment of the trust corpus for the term of the trust.
A beneficiary who has a right to receive income of the trust, either presently or at some future time. This person may or may not be allowed to receive principal from the trust.
The person who will receive the income from a trust for a specified period of time (e.g., "beneficiary for life").
The person who will receive income distributions from a trust for a specified period of time (such as the beneficiary's life). (See also, Remaindermen.) Individual Property (See Separate Property.) Back to List of Terms
A person entitled to receive the distribution of current income from a trust.
One who receives income from a trust.
The person or persons entitled to the income generated by the trust property. The income includes dividends and interest. It does not commonly include capital gains, which become part of the capital. See â€œlife tenant.