What Are Trusts Beneficiaries?
A Beneficiary is any person or persons or any other legal entity, including another Trust or a Charitable Organization, who will benefit under the terms of the Trust Deed. They may be nominated either specifically by the Settlor and their benefits clearly defined, or by class, that is, sons, daughters, grandchildren, etc. The Trustee is normally guided by the written or verbal wishes of the Settlor.
