a authorized arrangement during which anyone or Corporation controls assets or revenue for the advantage of another person or organization:
Intelligent Vocabulary: relevant terms and phrases Trusts & resources annuity blind trust charitable trust covenant a little something to a person/a thing fund funding Keeping corporation kitty mutual fund non-discretionary pension fund pension plan slush fund help syndic the Consolidated Fund trust fund trustee trusteeship unit trust See additional outcomes »
Living trusts might be revocable or irrevocable. Testamentary trusts are frequently irrevocable when founded but may be revocable through a will Should the grantor remains to be alive.
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Distinctive desires trust: This trust is intended for a dependent who receives authorities Advantages, which include Social Protection disability Advantages. Setting up the trust allows the individual which has a disability to acquire revenue without influencing or forfeiting the government payments.
These illustrations are from corpora and from sources on the web. Any opinions while in the examples do not symbolize the opinion from the Cambridge Dictionary editors or of Cambridge College Press or its licensors.
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You may tailor a trust to your preferences. There are actually many varieties of trusts to select from, but all trusts slide beneath two principal groups.
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