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Legal Terms - Beneficiary
A beneficiary is an individual who has the right to receive benefits from a trust. The beneficiary possesses a beneficial stake in the property, while a trustee holds the legal ownership. The term "beneficiary" was once referred to as "cestui que trust". 2. A person who receives advantages or gains from a legal document specifying the distribution of someone's possessions after their death.
A beneficiary is an individual who has the right to receive benefits from a trust. The beneficiary possesses a beneficial stake in the property, while a trustee holds the legal ownership. The term "beneficiary" was once referred to as "cestui que trust". 2. A person who receives advantages or gains from a legal document specifying the distribution of someone's possessions after their death.
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