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living trust

American  

noun

  1. a trust that takes effect during the lifetime of the settlor.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A revocable living trust can help simplify the management of your finances if you become incapacitated and would typically allow your son to access his inheritance more quickly than if they had gone through probate.

From MarketWatch

A revocable living trust is the right decision for a sum of money as large as $4 million.

From MarketWatch

Several years ago, when my parents were updating their will and living trust, my sister expressed interest in eventually buying their home in Kona, Hawaii.

From MarketWatch

A living will or living trust can also provide additional instructions for how you wish your estate to be handled after your death.

From MarketWatch

A revocable living trust would be more suitable for a large sum of money.

From MarketWatch