incidental beneficiary

incidental beneficiary

n. 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: beneficiary, trust)

Mentioned in ?
References in periodicals archive ?
He was just the incidental beneficiary being the incumbent PNP chief and would leave the quarters to his successor, Purisima said.
30) The court reasoned that the insurer-subrogee was simply an incidental beneficiary, limiting the otherwise broad approach New Jersey courts have taken with third-party beneficiary status and recovery claims.
As what was, at most, an incidental beneficiary of her husband's medical treatment, Mrs.