MLchartDataset catalogue

Trust beneficiary

Term · Law · MLC-T-LAW-004996

An individual or entity designated in a trust instrument to receive distributions or benefits from the trust assets. Beneficiaries hold an equitable interest in the trust property, even though legal title is held by the trustee. Their rights and interests are defined by the terms of the trust and applicable state law.

Table 1. Record
IdentifierMLC-T-LAW-004996
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004996",
  "term": "Trust beneficiary",
  "field": "Law",
  "definition": "An individual or entity designated in a trust instrument to receive distributions or benefits from the trust assets. Beneficiaries hold an equitable interest in the trust property, even though legal title is held by the trustee. Their rights and interests are defined by the terms of the trust and applicable state law.",
  "url": "https://mlchart.com/terminology/law/trust-beneficiary/"
}

Record 5,109 of 5,445 in Law terminology (MLC-0107). Request the full dataset.