Assertion: trust's beneficiary | /r/CapableOf | receive asset
Facets:
value: from the fund
type: OTHER
Source sentences:
text: A trust is created for a beneficiary who receives the benefits, such as assets and income, from the trust.
text: When dollar amounts up to the threshold are held in a credit shelter trust, the surviving spouse can receive income from the trust’s assets until death, at which point the trust’s beneficiaries receive its assets free of estate taxes.
text: The trustee manages the fund's assets and executes its directives, while the beneficiary receives the assets or other benefits from the fund.
text: A testamentary trust expires when the beneficiary receives the assets.
text: The trustee needs to meet with the probate court annually until the beneficiary receives the assets.
text: Trust administration departments also handle disbursing checks and property in accordance with the trust terms, making sure the beneficiaries receive the assets the grantor wanted in the way they wanted.
text: There are three people involved in any trust: the grantor who places their assets in the trust fund; the beneficiary or beneficiaries who receive those assets; and the trustee — the person, group of advisers, or organization that is responsible for managing the trust now and after the grantor’s death.