Clifford trust
- A type of long-term arrangement, lasting for a minimum of ten years, in which the earnings are allocated to a specific recipient, and the original amount returns to the person who established it when the arrangement ends
- The couple decided to establish a Clifford trust for their grandson's college education.
- The beneficiary of the Clifford trust receives regular income from it over ten years.
- Upon termination of the Clifford trust, the principal amount was reverted to the settlor.
Provide Feedback
