Meaning of BENEFICIARY in English


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 tecchies, as a cestui que trust . Trusts are made to advantage a beneficiary ( ie . A settlor (also called a " donor ") transfers property to a trustee , the profits of which are to be given to the beneficiairy).

Duhaime's Law English dictionary.      Английский юридический словарь Duhaime .