💡 Words with a Similar Meaning to "Discretionary trust"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| settlementnoun | A community of people living together, such as a hamlet, village, town, or city; a populated place. |
| spendthrift trustnoun | (law) A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors. |
| interest in possession trust | An interest in possession trust is a trust in which at least one beneficiary has the right to receive the income generated by the trust (if trust funds are invested) or the right to enjoy the trust assets for the present time in another way. |
| asset-protection trust | In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. |
| beneficiarynoun | One who benefits or receives an advantage. |
| trust instrument | In trust law, a trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust. |
| special needs trust | A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to enjoy the use of property that is held in the trust for his or her benefit, while at the same time allowing the beneficiary to receive essential needs-based government benefits. |
| testamentary trust | A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified in their will. |
| charitable trustnoun | A trust established for charitable purposes. |
| nominee trust | A nominee trust is a legal arrangement whereby a person, termed the settlor, appoints another person, termed the "nominee" or "trustee", to be the owner of the legal title to some property. |
| henson trustnoun | (Canada, law, finance) A trust that protects the assets of a disabled person (typically an inheritance) and gives the trustee absolute discretion in how to use those assets to assist the beneficiary. |
| honorary trustnoun | (law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor. |
| trust lawnoun | (law) A body of law regulating the legal instrument for holding wealth known as a trust. |
| trustnoun | Confidence in or reliance on some person or quality. |
| trusteenoun | (trust law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals (beneficiaries), or for public uses; one who is intrusted with property for the benefit of another. |
| financial endowment | A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. |
| resulting trustnoun | (law) A trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party. |
| totten trustnoun | (law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary. |
| delaware statutory trust | A Delaware statutory trust is a legally recognized trust that is set up for the purpose of business, but not necessarily in the U.S. state of Delaware. |
| trust fundnoun | Loosely, a substantial inheritance of money. |
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