incidental beneficiary

incidental beneficiary
incidental beneficiary see beneficiary d

Merriam-Webster’s Dictionary of Law. . 1996.

incidental beneficiary
A person who is indirectly benefited by a contract formed between other people.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

incidental beneficiary
Someone who benefits as the result of a contract or trust but is not a direct, intended beneficiary. For example, a neighbor might benefit from a homeowner's contract with a tree service, and children might benefit if their parent receives distributions from a trust.Compare: third-party beneficiary
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

incidental beneficiary
   someone who obtains a benefit as the result of the main purpose of the trust. Example: the co-owner of property with a named beneficiary may benefit from moneys provided to improve the building they jointly own, or a grandchild might benefit from his/her parent receiving a gift which could be used by the entire family, or which he/she may inherit from the parent.
   See also: beneficiary, trust

Law dictionary. . 2013.

Look at other dictionaries:

  • incidental beneficiary — Person who may derive benefit from performance of contract, though he is neither the promisee nor the one to whom performance is to be rendered. Salzman v. Holiday Inns, Inc., 48 A.D.2d 258, 369 N.Y.S.2d 238, 242. A person who is a donee or… …   Black's law dictionary

  • incidental beneficiary — A person to whom the benefits of a contract accrue merely as an incident to the performance of the contract. A person for whose benefit a contract is made may maintain an action thereon. It must definitely appear, however, that the contract was… …   Ballentine's law dictionary

  • incidental beneficiary — factor that reaps the benefits of a contract in manner that was not originally intended …   English contemporary dictionary

  • beneficiary — ben·e·fi·cia·ry /ˌbe nə fi shē ˌer ē, fi shə rē/ n pl ries: a person or entity (as a charity or estate) that receives a benefit from something: as a: the person or entity named or otherwise entitled to receive the principal or income or both from …   Law dictionary

  • beneficiary — /benafish(iy)ary/ One who benefits from act of another. A party who will benefit from a transfer of property or other arrangement. Examples include the beneficiary of a trust, the beneficiary of a life insurance policy, and the beneficiary of an… …   Black's law dictionary

  • beneficiary — /ben euh fish ee er ee, fish euh ree/, n., pl. beneficiaries. 1. a person or group that receives benefits, profits, or advantages. 2. a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc. 3.… …   Universalium

  • incidental third-party beneficiary — Same as incidental beneficiary …   Ballentine's law dictionary

  • Third party beneficiary — A third party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been a party to the contract. This right arises where the third party is the intended beneficiary of the… …   Wikipedia

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