Beneficiary Of Trust

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Dictionary Says

Definition of 'Beneficiary Of Trust'

A beneficiary of trust is a person for whom a trust was created, and who receives the benefits of that trust. In many instances a trust is established to prevent the exhaustion of an estate. A trust for the benefit of a child, for example, may include specifications that would guarantee the parent's estate will not be carelessly diminished and that funds will be available for the benefit of the child.
Investopedia Says

Investopedia explains 'Beneficiary Of Trust'

There are two basic categories of a beneficiary of trust. The first form is where the beneficiary is entitled to take ownership and control of the trust and has the right to the income and capital.The second form is where the trustee is given additional duties and powers assigned in the trust deed.

Search results for

'Beneficiary Of Trust'

  • Designating A Trust As Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/081804.asp
    ... person beneficiaries also applies to trust beneficiaries, unless an exception applies,
    in which case the oldest underlying beneficiary of the trust is treated ...

  • If a trust is named as the beneficiary of an IRA, can the trustee ...

    http://www.investopedia.com/ask/answers/06/changebeneficiary.asp
    ... After the IRA owner's death, the designated beneficiary, including a trust
    beneficiary, has the option of disclaiming the inherited assets. ...

  • An Estate Planning Must: Update Your Beneficiaries

    http://www.investopedia.com/articles/retirement/03/031803.asp
    ... Be sure to seek competent professional advice before you make any decisions
    regarding customized and/or trust beneficiary designations. ...

  • What are the pros/cons of naming a trust as the beneficiary of a ...

    http://www.investopedia.com/ask/answers/09/trust-beneficiaries.asp
    ... that the retirement plan assets will be subjected to required minimum distribution
    (RMD) payouts at the life expectancy of the oldest beneficiary of the trust. ...

  • Designating A Minor As An IRA Beneficiary

    http://www.investopedia.com/articles/retirement/09/minor-as-ira-beneficiary.asp
    ... albeit expensive) solution may be to substitute a revocable living trust as the
    beneficiary for the IRA, with the minor as the beneficiary for the trust. ...

  • Encouraging Good Habits With An Incentive Trust

    http://www.investopedia.com/articles/pf/06/incentivetrust.asp
    ... As a safety net, the trust should provide the beneficiary with the ability to support
    a family, even if he or she fails to achieve some of the goals set out in ...

  • Mistakes In Designating A Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/080404.asp
    Mistakes In Designating A Retirement Beneficiary. ... A problematic beneficiary
    designation can be frustrating for everyone involved. ...

  • Pick The Perfect Trust

    http://www.investopedia.com/articles/pf/08/trust-basics.asp
    ... (For related reading, check out Can You Trust Your Trustee?); Beneficiary - The
    beneficiary is the party or parties benefiting from the trust. ...

  • An Estate Planning Must: Update Your Beneficiaries

    http://www.investopedia.com/articles/retirement/03/031803.asp?partner=aol-d
    ... Be sure to seek competent professional advice before you make any decisions
    regarding customized and/or trust beneficiary designations. ...

  • Refusing An Inheritance

    http://www.investopedia.com/articles/06/RefuseInheritance.asp
    ... Typically, your surviving spouse will be the income beneficiary of the
    trust, but he or she cannot withdraw principal. Following ...

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