Current beneficiary definition

Current beneficiary means a beneficiary that on the date the beneficiary’s qualification is determined is a distributee or permissible distributee of trust income or principal. The term includes the holder of a presently exercisable general power of appointment but does not include a person that is a beneficiary only because the person holds any other power of appointment.

Current beneficiary means a beneficiary that on the

Current beneficiary means a beneficiary that, on the date the beneficiary's qualification is determined, is a distributee or permissible distributee of trust income or principal.

Examples of Current beneficiary in a sentence

• Current beneficiary designations must also be maintained and updated information provided to EPK as necessary.

• Current beneficiary countries are: Antigua and Barbuda, Aruba, the Bahamas, Barbados, Belize, British Virgin Islands, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Netherlands Antilles, Panama, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago.

• Current beneficiary countries of GSP and other preference programs are limited in the product lines for which they receive preferential treatment.

• B.Y. – Current beneficiary B was 18 years old at baseline, and is the second of two wives of the household head, who is a farmer and a trader.

• Current beneficiary centres are Jonas Haiduwa ECD Centre owned by the City of Windhoek, Dr Elia Ngurare, Add More, Maria, Dr Sam Nujoma and Future Leaders Kindergartens located in Okuryangava, Okahandja Park, Otjimuise and Havana.

More Definitions of Current beneficiary

Current beneficiary means a person who at any time during a year is entitled to, or at the discretion of any person may, receive a distribution from the income or principal of the trust. It does not include a distributee trust, other than a trust described in section 170(c) of the Internal Revenue Code, as amended, but does include the current beneficiaries of the distributee trust. It does not include a person in whose favor a power of appointment could be exercised until the holder of the power of appointment actually exercises the power of appointment in that person's favor. It does not include a person who is entitled to receive a distribution only after a specified time or upon the occurrence of a specified event until the time or occurrence of the event. For the purposes of this section, a distributee trust is a current beneficiary of a family farm trust.

Current beneficiary means a person who is a permissible distributee of trust income or principal;

Current beneficiary means a beneficiary that on the date the beneficiary's qualification is

Current beneficiary means a beneficiary that on the date the

Current beneficiary or "beneficiaries" means individual, or as to a class, an individual who is or will become members of that class, to whom the trustees may distribute principal at the time of the exercise of the power, provided that the interest of a beneficiary to whom income, but not principal, may be distributed at the discretion of the trustee of the invaded trust, may be continued in the appointed trust.

Current beneficiary means a trust beneficiary who, on the date the beneficiary’s interest is determined, is a distributee or permissible distributee of trust income or principal.

Current beneficiary or "beneficiaries" means individual, or as to a class, an individual