Trust Beneficiary

Equitable Owner
An equitable owner is the beneficiary of property held in trust, enjoying the benefits of ownership without holding legal title.
Schedule K-1
Schedule K-1 is a tax form used to report to each partner or beneficiary his or her share of income, losses, capital gains, and other tax information passed through from a partnership or trust to the individual.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.