{"Term":"Close family beneficiary","Definition":"\u003cp\u003eA close family beneficiary is broadly:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003ea principal settlor\u003c/li\u003e\n    \u003cli\u003ea close family associate of another beneficiary who is also a principal settlor\u003c/li\u003e\n    \u003cli\u003ea company controlled by a principal settlor or by another beneficiary who is a close family associate of a principal settlor\u003c/li\u003e\n    \u003cli\u003ea trustee of another trust with at least 1 beneficiary that is a close family associate of a beneficiary of the first trust\u003c/li\u003e\n    \u003cli\u003ea charity registered under the Charities Act 2005 or any association, club, institution, society, organisation or trust not carried on for the private profit of any person whose funds are applied wholly or principally to any civic, community, charitable, philanthropic, religious, benevolent, or cultural purpose.\u003c/li\u003e\n\u003c/ul\u003e","TeReoTerm":"","TeReoDefinition":""}