executed trust

Definition of "executed trust"
  1. A type of trust where the trustee's only duties are to protect the property and fulfill the trust's purpose
How to use "executed trust" in a sentence
  1. The estate lawyer informed the family that their grandmother had left them an executed trust.
  2. The terms of the executed trust were clear, leaving the trustee with simple duties of preserving the property without the need for further action.
  3. Despite the complexity of the estate, the executed trust was straightforward, making it easier for all parties involved.

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