Trust Beneficiaries

Trust beneficiaries are individuals or entities designated to receive benefits or assets from a trust. A trust is a legal arrangement where one party, the trustee, manages property or money for the benefit of the beneficiaries. The trust document outlines who the beneficiaries are and what they will receive, often used in estate planning to ensure that assets are distributed according to the trust creator's wishes. Beneficiaries can be family members, friends, or charities, and they typically receive their benefits according to specific terms defined in the trust.