Current income beneficiary definition

Current income beneficiary means a beneficiary to which a fiduciary may distribute net income, whether or not the fiduciary also may distribute principal to the beneficiary.
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Current income beneficiary means a beneficiary to which a
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Current income beneficiary means a beneficiary to which a fiduciary may
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Examples of Current income beneficiary in a sentence

  • Current income beneficiary means an individual who, at the time of application for a permit, is entitled to income (whether income exists or not) from the trust that owns the land the applicant wishes to hunt with no condition precedent (such as surviving another person, reaching a certain age, etc.) other than the trustee distributing the income, and is listed by name in the trust documents as an income beneficiary.

  • Current income beneficiary" means a beneficiary to which a fiduciary may distribute net income, [whether] even if the fiduciary also may distribute principal to the beneficiary.


More Definitions of Current income beneficiary

Current income beneficiary means a person currently entitled to
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Current income beneficiary means a beneficiary
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Current income beneficiary means a beneficiary to which a fiduciary may distribute net income,
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Related to Current income beneficiary

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • land reform beneficiary , in relation to a property, means a person who -

  • Family income means all income that is included in a determination of family income under section 143(f) of the internal revenue code, 26 USC 143(f), together with the income of all adults who will reside in the residence, which income might otherwise be excluded from consideration because the individual was not expected to both live in the residence and be primarily or secondarily liable on the mortgage note.

  • Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf or for your dependents, or which your dependents receive because of your entitlement to Other Income Benefits.

  • Investment Income means dividends, capital gains, or interest in- come generated from:

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • covenant income means the gross income payable to a full-time student under a Deed of Covenant by his parent;

  • Exempt income means all of the following:

  • the Contributions and Benefits Act means the Social Security Contributions and Benefits Act 1992;

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Family and Medical Leave means a leave of absence for the birth, adoption or foster care of a child, or for the care of your child, spouse or parent or for your own serious health condition as those terms are defined by the Federal Family and Medical Leave Act of 1993 (FMLA) and any amendments, or by applicable state law.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Societal benefits charge means a charge imposed by an electric