English Dictionary |
LIVING TRUST
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Dictionary entry overview: What does living trust mean?
• LIVING TRUST (noun)
The noun LIVING TRUST has 1 sense:
1. a trust created and operating during the grantor's lifetime
Familiarity information: LIVING TRUST used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A trust created and operating during the grantor's lifetime
Classified under:
Nouns denoting possession and transfer of possession
Synonyms:
inter vivos trust; living trust
Hypernyms ("living trust" is a kind of...):
trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))
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"White men have too many chiefs." (Native American proverb, Nez Perce)
"Don't count the teeth of a gift horse." (Armenian proverb)
"The one not dancing knows lots of songs." (Cypriot proverb)