Income Beneficiary Law and Legal Definition
An income beneficiary is a person entitled to income from property, especially of a trust or estate. Such a person is entitled to income from property rather than the corpus or principal.
The following is an example of a state statute (Alaska) defining the term:
According to Alaska Stat. § 13.38.980, “income beneficiary" means a person to whom net income of a trust is or may be payable.
