All Topics / Legal & Accounting / Corpus & Specified Beneficiaries of a Trust?

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  • Profile photo of Mama2MiaMama2Mia
    Participant
    @mama2mia
    Join Date: 2003
    Post Count: 115

    Hi,

    Does anyone know what the difference is between the “Corpus Beneficiaries” and the “Specified Beneficiaries” in a Trust Deed by any chance? [eh]

    Kim

    Kim Anand
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    “Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I believe ‘corpus’ relates to the capital or principal of the trust. So maybe corpus beneficiary is one who receives the capital of a trust when it is wound up? Just guessing here.

    Terryw
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    Parramatta
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