property control trust
- A kind of trust that puts certain controls or limits on the rights of beneficiaries, often designed to cater to special needs, prevent misuse of trust principal or allow the trustee to allocate trust income or principal
- Because of her reckless spending habits, her inheritance was put into a property control trust.
- They set up a property control trust to ensure the care of their son with special needs.
- To ensure fair distribution, the family wealth was put in a property control trust, allowing the trustee to spread income or principal as needed.