A trust beneficiary that is entitled to immediately receive benefits from that trust. These may be unrestricted, or limited to trust income. In many cases when a trust is formed, this stipulation is used to make charitable donations immediately available to charities upon the grantor's death, though this can also refer to any individual or organization that receives immediate benefits from the trust's assets.
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Immediate Beneficiary Beneficiary of a trust who is entitled to receive immediate benefits, which may be unrestricted or limited to trust income.
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absolute beneficiary · beneficiary of trust · designated beneficiary · income beneficiary · immediate beneficiary · class beneficiary designation · discretionary ...
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Related Terms. immediate beneficiary. Browse by Letter: #ABCDEFGHIJKLMNO PQRSTUVWXYZ. Resources. Browse by subject · Tips · Answers · Videos ...