Beneficiary

Definition

A beneficiary is a person or entity designated to receive benefits from a trust, such as income, capital distributions or the use of trust assets. Beneficiaries can be named individuals, classes of persons, or even charitable purposes. Their rights depend on the type of trust (discretionary or fixed).

Kontext

Dieser Begriff wird haeufig im Kontext der Trust-Verwaltung in der Schweiz verwendet. Das Verstaendnis dieses Konzepts ist wesentlich fuer internationale Familien, Unternehmer und Rechtsanwaelte, die Trust-Strukturen mit Verwaltung aus der Schweiz in Erwaegung ziehen oder verwalten.

Verwandte Begriffe

• AML (Anti-Money Laundering) — Anti-Money Laundering (AML) refers to the set of laws, regulations and procedures designed to preven...
• Asset Protection — Asset protection refers to strategies used to shield assets from potential claims, creditors or lega...
• Beneficial Ownership — Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or trus...
• Change of Trustee — A change of trustee is the process of replacing the existing trustee with a new one. This involves l...
• Compliance Calendar — A compliance calendar is a structured schedule of all regulatory deadlines, reporting requirements a...