dry trust

Definition of "dry trust"
  1. A type of trust that only holds property without any additional obligations or directions
How to use "dry trust" in a sentence
  1. The dry trust created by the family solely for managing the house they inherited.
  2. Their lawyer advised them to establish a dry trust to handle the land property.
  3. Due to its simplicity, a dry trust was the best solution for their situation.
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