These trust accounts generally transfer belongings following the grantor dies, and they hold life time gifts for the grantor’s heirs or beneficiaries.
These examples are from corpora and from resources on the web. Any thoughts during the illustrations never represent the viewpoint in the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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The trust's beneficiaries are people who take advantage of the trust, as well as the trustee makes certain that the beneficiaries are compensated.
[countable, uncountable] (legislation) an arrangement by which an organization or a group of people has lawful control of cash or home that has been provided to any individual, normally right up until that person reaches a particular age; an amount of cash or property which is controlled in this manner
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