Join our investing community

Beneficiaries

Discussion in 'Investing Glossary' started by Glossary, 26th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    The people and companies who are listed as beneficiaries in a discretionary trust deed. A beneficiary need not be referred to by name, instead they can be included by reference to a class or category e.g. "all the children of Bill Smith".

    The beneficiary is the persons or entities who stand to "benefit" from the proceeds of the investments or a will.