Sole Beneficiary
/ˈsoʊl ˈbɛnɪˌfɪʃˌɛri/
Definitions
- (n.) An individual or entity explicitly designated to receive all benefits from a legal instrument, such as a trust or will.
The sole beneficiary of the trust is entitled to all income generated by the estate.
Related terms
See also
Commentary
This term emphasizes exclusivity of benefit, which can have implications for fiduciary duties and tax considerations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.