funding a trust

Definition of "funding a trust"
  1. The process of transferring ownership of certain property to a trustee, who then holds the property in trust
How to use "funding a trust" in a sentence
  1. When Larry passed away, he had done an effective job of funding a trust for his children.
  2. Funding a trust involves transferring assets into the care of a trustee.
  3. Despite starting late, Lydia planned on funding a trust thoroughly for her family's future security.

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