Definite Trust Beneficiaries

Definite beneficiaries are a requirement of an express trust along with trust property, trust intent, and a trustee. This means that the identities of the beneficiaries must be ascertainable. As long as there are objective standards on which to define the parameters of the group of beneficiaries, the trust will not fail for lack of definite trust beneficiaries. 

Taxonomy upgrade extras: 
Keywords: