master trust

Definition of "master trust"
  1. A specific type of trust created and run by a nonprofit organization, consisting of pooled resources, serving numerous beneficiaries with special needs
How to use "master trust" in a sentence
  1. The family decided to participate in the master trust to secure their child's future.
  2. The nonprofit set up a master trust to manage resources for multiple beneficiaries.
  3. A master trust is a useful tool for managing assets of numerous individuals with special needs.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z