Legal Definition and Related Resources of Beneficiary

One who is entitled to the benefit of property ; one for whose benefit a trust is created; one for whose benefit a trustee , an executor , etc., holds the property. One who receives a benefit or advantage.

A term suggested by Judge Story as a substitute for cestui que trust (q.v.) (1 Story, Eq. Jur. § 321), and now quite largely adopted.

A party who receives a legal benefit Domestic or foreign Dealings.

A person eligible for benefit under a health insurance policy

noun

• beneficiare
• donee
• grantee
• heir
• heiress
• inheritor
• legatee
• one who receives
• payee
• receiver
• recipient
• usufructuary
• Associated Concepts: beneficiary of a trust
• beneficiary under a will
• cestui que trust

Browse or run a search for Beneficiary in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Beneficiary in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Beneficiary in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Beneficiary in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Advancement, Assured, Confidential Relation, Devise, Encroach, Endowment Policy, Equitable Owner, Insurance, Interest, Naked, Passive Trust, Refund Annuity, Related Taxpayer, Spendthrift Trust, Succession Duty, Totten Trust, Trust, Trustee.

What does Beneficiary mean in American Law?

The definition of Beneficiary in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

One who is to or does benefit from some legal act or arrangement. Thus, e.g., the person for whom a trustee acts, the cestui que trust, is the beneficiary of the trust (see also Uniform Probate Code § 1-201). The person who is to receive life insurance payments on the death of the insured is the beneficiary of the policy; the person who is to receive a distribution from the estate of a decedent is the beneficiary thereof; etc. The beneficiary of a letter of credit is anyone who under its terms is entitled to draw or demand payment. For the beneficiary of a contract, see third-party beneficiary contract.

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Beneficiary in the Dictionary	Beneficiary in our legal dictionaries
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Related topics	Beneficiary in the World Encyclopedia of Law

Notice

This definition of Beneficiary Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

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https://legaldictionary.lawin.org/beneficiary/	The URI of Beneficiary (more about URIs)

Beneficiary in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims

One who is entitled to the benefit of a contract or of an estate held by another. The word, though a little remote from the original meaning of the expression “cestui que trust”, is more appropriate for one who is a trustee or fide-commisary. 1 Story, Eq. 12 ed.§ 321, note. See Trust, Cestul, etc.

Note: This legal definition of Beneficiary in the Dictionary of Law (English and American Jurisprudence) is from 1893.

Beneficiary in the American Legisla
tion

Definition of Beneficiary provided by the Uniform Probate Code:

As it relates to a trust beneficiary, includes a person who has any present or future interest, vested or contingent, and also includes the owner of an interest by assignment or other transfer; as it relates to a charitable trust, includes any person entitled to enforce the trust; as it relates to a “beneficiary of a beneficiary designation,” refers to a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), or of a pension, profit-sharing, retirement, or similar 9 benefit plan, or other nonprobate transfer at death; and, as it relates to a “beneficiary designated in a governing instrument,” includes a grantee of a deed, a devisee, a trust beneficiary, a beneficiary of a beneficiary designation, a donee, appointee, or taker in default of a power of appointment, and a person in whose favor a power of attorney or a power held in any individual, fiduciary, or representative capacity is exercised.

English Legal System: Beneficiary

In the context of the English law, A Dictionary of Law provides the following legal concept of Beneficiary :

1. A person entitled to benefit from a *trust. The beneficiary holds a *beneficial interest in the property of which a *trustee holds the legal *interest. A beneficiary was formerly known as the cestui que trust.

2. One who benefits from a will.

Meaning of Beneficiary in the U.S. Legal System

Definition of Beneficiary published by the National Association for Court Management: Someone named to receive property or benefits in a will. In a trust, a person who is to receive benefits from the trust.

Concept of Beneficiary in the context of Real Property

Alternatives definitions of Beneficiary: (1) One for whose benefit a trust is created. (2) In states in which deeds of trust are commonly used instead of mortgages, the lender (mortgagee) is called the beneficiary.

Concept of Beneficiary in the context of Real Property

Alternatives definitions of Beneficiary: (1) One for whose benefit a trust is created. (2) In states in which deeds of trust are commonly used instead of mortgages, the lender (mortgagee) is called the beneficiary.

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Legal English Vocabulary: Beneficiary in Spanish

Online translation of the English legal term beneficiary into Spanish: beneficiario (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus

Beneficiary

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See Also

• Social Protection
• Social Security
• Employment Affairs
• Welfare State