The beneficiary of a trust is the donee. Otherwise referred to as a trustee, a donee stands as a third-party and receives benefits after two parties have successfully sealed a contract. One of the contract parties gives the donee a gift. While the donee may benefit from the success of a contract, they can not be called a contracting party.
Like other situations that involve a third-party beneficiary, a donee can claim legal rights and request for promised gifts once a contract is successful.
« Back to Glossary Index
