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.

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

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • 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.