directed trust
- A legally approved trust where assets are handled by an individual or entity other than the named trustee, often a business or an expert, ensuring specific management for those assets
- Robert established a directed trust to have his real estate holdings managed by a seasoned property manager.
- To protect her jewelry business after her departure, Clara created a directed trust assigning management to her experienced associate.
- To ensure continuity in his farm operations, Peter instituted a directed trust, entrusting the farm's management to an experienced farmer.
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