词汇 | final beneficiary |
释义 | `1`final beneficiary `2` "Nolo Everybody's Legal Dictionary": The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death. See Topic: Wills & Estate Planning |
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