self-settled trust

Definition of "self-settled trust"
  1. A trust funded with assets that belong to the individual who benefits from the trust, which could include items like an inheritance or winnings from a lawsuit
How to use "self-settled trust" in a sentence
  1. Following a large personal injury lawsuit payout, he established a self-settled trust for future needs.
  2. She created a self-settled trust with her direct inheritance to ensure care for her special needs.
  3. Instead of spending his lawsuit recovery at once, he decided to form a self-settled trust for long-term stability.

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