child's trust

Definition of "child's trust"
  1. A financial tool where assets are held and managed by a trustee for a minor or young adult until they reach a certain age, at which point they receive the trust funds
How to use "child's trust" in a sentence
  1. Upon her death, she left a child's trust for her minor granddaughter.
  2. His guardian set up a child's trust to secure his future education expenses.
  3. The assets from the child's trust will be transferred to him when he turns 18.

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