Legal Definitions - fide-committee

A fide-committee is a beneficiary of a trust, also known as a cestui que trust.

When someone creates a trust, they are known as the settlor. The settlor transfers assets to a trustee, who manages the assets for the benefit of a beneficiary. The beneficiary is the person who receives the benefits of the trust, such as income or property. In legal terms, the beneficiary is called a cestui que trust. Another term for a cestui que trust is fide-committee.

• John created a trust for his daughter, Sarah. Sarah is the beneficiary of the trust and is also known as the fide-committee.
• When the settlor dies, the trustee distributes the assets to the fide-committee according to the terms of the trust.

These examples illustrate how a fide-committee is a beneficiary of a trust. In the first example, Sarah is the beneficiary of the trust created by her father, John. In the second example, the fide-committee receives the assets from the trustee after the settlor's death.