Article 82 - Beneficiary
A Beneficiary is a named or unnamed party at the time of the formation of the Trust who benefits or receives an advantage in Trust. A Beneficiary, by definition is an “interested party” in a Trust or Estate:
A Benefit is a gift offered and elected to be accepted by Estate under the terms of the Deed and Will including both Rights and Obligations to certain Property. A Beneficiary under Estate may be a beneficiary or a Cestui Que Trust for whose benefit the Property is held by the Trustees of an Executor.