HyperDic: living_trust

English > 1 sense of the expression living trust:
NOUNpossessionliving trust, inter vivos trusta trust created and operating during the grantor's lifetime
English > living trust: 1 sense > noun 1, possession
MeaningA trust created and operating during the grantor's lifetime.
Synonyminter vivos trust
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)

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