Glossary of Terms

Beneficiary 2015-11-10 08:00:00

Beneficiary

Any person who is eligible to receive distributions from a trust, will, or life insurance policy.

In the context of a real estate 1031 exchange, certain exchange-eligible investment vehicles, such as a Delaware Statutory Trust, hold the Replacement Property in a trust. Individual investors then acquire Replacement Property Interests as beneficiaries of the holding trust.

 


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