alimony trust
- 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
- As part of their divorce agreement, they established an alimony trust to financially support the spouse not maintaining custody of their children.
- By setting up an alimony trust, he ensured ongoing income stability for his spouse despite their separation.
- The provisions of the alimony trust were drafted to secure the wife's financial future after the divorce.
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