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[ C ] a legal arrangement by which somebody or Group controls residence and/or money for an additional individual or organization:
[countable, uncountable] (legislation) an arrangement by which an organization or a bunch of folks has legal Charge of money or residence which has been provided to anyone, typically until that man or woman reaches a specific age; an sum of money or assets which is managed in this way
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Residing or Testamentary A living trust, also referred to as an inter-vivos trust, is really a penned document wherein somebody's property are delivered like a trust for the person's use and advantage all through their life span.
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Charitable trust: An irrevocable trust that donates assets inside the trust account to one or more charities.
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