The beneficiary is the individual who receives the benefit from the trust.
Due to the other person's trust, one individual can benefit from this procedure. Martin's trust will benefit his son Nathan in the situation at hand.
Thus, Nathan, Martin's son, will be referred to as the beneficiary.
The individual or people who have the right to receive the benefits of any trust arrangement are known as beneficiaries. The beneficiary of a trust is typically a natural person, although it is entirely possible—and frequently occurs in complex commercial transaction structures—to have a firm as the beneficiary.
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