Trust Beneficiary

A trust beneficiary is an individual or entity that receives benefits from a trust. A trust is a legal arrangement where one party, called the trustee, manages assets on behalf of the beneficiary. The trustee follows the rules set out in the trust document, which specifies how and when the assets are distributed. Beneficiaries can receive income, property, or other benefits, depending on the trust’s terms. Essentially, beneficiaries are the people or organizations for whom the trust was created to provide financial support or manage inheritances.