Definition of Beneficiary

One for whose benefit a trust Is created; a cestui que trust. 1 Story, Eq. Jur. § 321; In re Welch, 20 App. Div. 412, 46 N. Y. Supp. 689; Civ. Code Cal. 1903, § 2218. A person having the enjoyment of property of which a trustee, ex-echtor, etc., has the legal possession. The perspn to whom a policy of insuranco is payable. Rev. St. Tex. 1895, art 3096a.
—Beneficiary heir. In the law of Louisiana. One who has accepted the succession under the banefit of an inventory regularly made. Civ. Code La. 1900, art. 883. Also one who may accept the succession. Succession of Gusman, 36 La. Ann. 299.