flexible trust

flexible trust
flexible trust flexible trust trust

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flexible trust UK US noun [C] FINANCE
an investment plan that is a way of leaving money to someone after you die, in which the trustees (= the people who manage the plan) can decide who will receive the money, from an agreed list, and how the money is shared: »

A flexible trust can help with Inheritance Tax planning.

a financial arrangement in which the trustees (= people who manage someone else's money) can decide what investments to make and how to use any income from these investments, within limits that have been agreed
Compare ABSOLUTE TRUST(Cf. ↑absolute trust), DISCRETIONARY TRUST(Cf. ↑discretionary trust)

Financial and business terms. 2012.

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  • flexible trust — /flɛksəbəl ˈtrʌst/ (say fleksuhbuhl trust) noun a unit trust whose trust deed provides for changes being made in the portfolio of investments at the discretion of the management company, usually after approval by the trustee company (opposed to… …  

  • trust — A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor. Bloomberg Financial Dictionary See… …   Financial and business terms

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • Trust instrument — 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. Trust instruments are generally only used in relation to an inter vivos trust; …   Wikipedia

  • general management trust — ➔ trust * * * general management trust UK US noun [C] FINANCE ► US for FLEXIBLE TRUST(Cf. ↑flexible trust) …   Financial and business terms

  • absolute trust — UK US noun [C] ► FINANCE, LAW a legal arrangement in which a person gives an individual or organization control of their money or property after their death, and names the person or people who will receive it at a particular time. These details… …   Financial and business terms

  • fixed trust — /fɪkst ˈtrʌst/ (say fikst trust) noun Law 1. a trust, the beneficiaries of which are specified in the trust instrument (opposed to discretionary trust). 2. a unit trust whose trust deed provides for a fixed portfolio of investments during the… …  

  • Web of trust — For the internet security website, see WOT: Web of Trust. In cryptography, a web of trust is a concept used in PGP, GnuPG, and other OpenPGP compatible systems to establish the authenticity of the binding between a public key and its owner. Its… …   Wikipedia

  • National Community Stabilization Trust — (NCST) Type Non Profit Founded 2008 Headquarters …   Wikipedia

  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

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