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Simple English definitions for legal terms

Trust Beneficiary

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A quick definition of Trust Beneficiary:

A trust beneficiary is someone who benefits from a trust. A trust is like a special box that holds things like money or property. The trustee is the person who takes care of the box and makes sure everything is safe. The beneficiary is the person who gets to use or receive the things inside the box. It's like having a piggy bank that someone else takes care of for you, but you get to use the money inside when you need it.

A more thorough explanation:

Definition: The trust beneficiary is the person or entity that benefits from the assets held in a trust. The trustee holds the title to the trust property for the benefit of the beneficiary.

Example: John creates a trust and names his daughter, Sarah, as the beneficiary. The trust holds John's assets, such as his house and investments. Sarah will receive the benefits of these assets, such as rental income from the house and dividends from the investments, as determined by the terms of the trust.

Explanation: In this example, Sarah is the trust beneficiary because she is the person who benefits from the assets held in the trust. The trustee, who is responsible for managing the trust assets, holds the title to the assets for Sarah's benefit. The terms of the trust dictate how and when Sarah will receive the benefits of the assets.

trust administration | trust corpus

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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