Immediate Beneficiary

Business, Legal & Accounting Glossary

Definition: Immediate Beneficiary


Immediate Beneficiary


Full Definition of Immediate Beneficiary


A trust beneficiary that is entitled to immediately receive benefits from that trust. These may be unrestricted, or limited to trust income. In many cases when a trust is formed, this stipulation is used to make charitable donations immediately available to charities upon the grantor’s death, though this can also refer to any individual or organization that receives immediate benefits from the trust’s assets.


Cite Term


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Page URL
https://payrollheaven.com/define/immediate-beneficiary/
Modern Language Association (MLA):
Immediate Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/immediate-beneficiary/.
Chicago Manual of Style (CMS):
Immediate Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/immediate-beneficiary/ (accessed: December 01, 2022).
American Psychological Association (APA):
Immediate Beneficiary. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/immediate-beneficiary/

Definition Sources


Definitions for Immediate Beneficiary are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.