Life Beneficiary

An individual who receives income or principal from a trust or similar arrangement for the duration of his or her lifetime. The life beneficiary holds a life estate. For example, a person may stipulate in a last will and testament that all of his or her assets are to go to a charity but that the surviving spouse, designated as a life beneficiary, is to have use of the income from the deceased spouse’s estate for his or her lifetime, and only upon the death of the surviving spouse are the assets in the estate to pass to the designate charity.

Estate Planning Blog

Get useful estate planning insights about wills, trusts, elder law, special needs planning, and more from the estate planning attorneys at TuckerAllen.

Read More


O'Fallon, MO

2897 Highway K Suite 210 O’Fallon, MO 63368

Kirkwood

1001 S. Kirkwood Road Suite 130 Kirkwood, MO 63122

Fairview Heights

331 Salem Place Suite 210 Fairview Heights, IL 62208

Town & Country

12935 North Forty Drive Suite 102 Town & Country, MO 63141

Reference: Life Beneficiary