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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebActive TrustPart of Speech: Noun Sense: A type of trust that involves an individual or entity (the trustor) appointing a trustee to actively manage and administer the trust assets for the benefit of designated beneficiaries. Usage: Active trusts are commonly used in estate planning to ensure that the assets are properly managed and distributed according to the trustor's wishes. Example sentence 1: John established an active trust to secure his wealth and ensure his children's financial well-being after his passing. Example sentence 2: The active trust appointed a professional trustee who actively researched investment opportunities to grow the trust's assets. Related Products on AmazonExplore related literature and resources on active trusts: Books on Active Trust Planning Trust Administration Guides Estate Planning Resources | ||||
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