active trust

Definition of "active trust"
  1. A type of trust where the trustee retains the legal ownership of the assets within the trust and has an obligation to proactively manage the property, employing their own discernment, control, and discretion
How to use "active trust" in a sentence
  1. The trustee is currently managing an active trust, diligently exercising control over the assets.
  2. In the case of an active trust, the trustee is required to use their discretion and judgment in managing the trust property.
  3. The legal title of the assets remains with the trustee in an active trust, compelling them to actively handle its affairs.

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