Beneficiary

Beneficiary means:
the person who receives or is to receive the benefits resulting from certain acts. In a tax context, the beneficiary is the person entitled to the benefits from trust property or from an insurance policy. Former IRC (check if this IRC provision is current here) §643(c).

U.S. and other Developed Countries International Tax Meaning

The person who receives or is to receive the benefits resulting from certain acts. In a tax context, the beneficiary is the person entitled to the benefits from trust property or from an insurance policy.