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.
Sample 1Sample 2Sample 3
Current income beneficiary means a beneficiary to which a
Sample 1Sample 2Sample 3
Current income beneficiary means a beneficiary to which a fiduciary may
Sample 1Sample 2Sample 3

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 beneficiary
Sample 1Sample 2
Current income beneficiary means a beneficiary to which a fiduciary may distribute net income,
Sample 1Sample 2
Current income beneficiary means a person currently entitled to
Sample 1Sample 2

Related to Current income beneficiary

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

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

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • 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.

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

  • Societal benefits charge means a charge imposed by an electric