alimony trust

Definition of "alimony trust"
  1. A trust usually formed under a separation agreement that involves the transfer of property into the trust; the trust acts as a source of monetary support for a divorced spouse; the remaining trust property eventually goes to a designated individual
How to use "alimony trust" in a sentence
  1. As part of their divorce agreement, they established an alimony trust to financially support the spouse not maintaining custody of their children.
  2. By setting up an alimony trust, he ensured ongoing income stability for his spouse despite their separation.
  3. The provisions of the alimony trust were drafted to secure the wife's financial future after the divorce.

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