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).

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

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