Sole beneficiary definition

Sole beneficiary means a beneficiary of a trust for which the settlor
View Source
Sole beneficiary means a beneficiary of a trust for which the settlor does not manifest an intention to give a beneficial interest to anyone else.
View Source
Sole beneficiary means either (1) she is named as sole beneficiary outright, or (2) the named beneficiary is a “conduit trust” of which she is the sole life beneficiary. See Reg.
View Source

Examples of Sole beneficiary in a sentence

  • Does your agreement have him as a nominee shareholder as well as nominee director Sole beneficiary would suggest so If not then it.

Related to Sole beneficiary

  • Eligible beneficiary means a resident of this state who:

  • Charitable Beneficiary means one (1) or more beneficiaries of the Trust as determined pursuant to Section 5.9(iii)(f), provided that each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.