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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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