nominee trust

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

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