nominee trust
- A type of trust created with the singular purpose of holding properties on behalf of beneficiaries whose identities are intentionally left undisclosed
- In a nominee trust, the trustee holds the property, but the beneficiaries' identities are not publicly disclosed.
- A nominee trust is commonly used in real estate to keep the identity of property owners anonymous.
- He decided to use a nominee trust to hold the property, thereby keeping his involvement confidential.
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