Income beneficiary

Definition
: a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust
A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust.
b  : the person or entity named by the insured of a life insurance policy to receive the proceeds upon the insured's death



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Based on Merriam-Webster's Dictionary of Law ©2001.
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inevitable discovery

a doctrine in criminal law: evidence obtained by methods that are unconstitutional may be admissible if it would have been inevitably discovered without the unlawful methods


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