Successor beneficiary definition
Successor beneficiary means a person entitled to receive income or principal or to use property when an income interest or other current interest ends.
Successor beneficiary means a beneficiary that is not a qualified beneficiary on the date the beneficiary’s qualification is determined. The term does not include a person that is a beneficiary only because the person holds a nongeneral power of appointment.
Successor beneficiary means a beneficiary that is not a qualified beneficiary on the date the beneficiary's qualification is determined. "Successor beneficiary" does not include a person that is a beneficiary only because the person holds a nongeneral power of appointment. [PL 2021, c. 235, §1 (NEW).]
More Definitions of Successor beneficiary
Successor beneficiary means a person entitled to receive
Successor beneficiary means a beneficiary that is not a qualified
Successor beneficiary means a beneficiary other than a current or presumptive remainder beneficiary. The term does not include a potential appointee under a power of appointment held by a beneficiary.
Successor beneficiary means a person entitled to receive income or principal or
Successor beneficiary means a beneficiary that is not a qualified beneficiary on the
Successor beneficiary means any beneficiary other than
Successor beneficiary means a beneficiary that