self-settled trust
- 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
- Following a large personal injury lawsuit payout, he established a self-settled trust for future needs.
- She created a self-settled trust with her direct inheritance to ensure care for her special needs.
- Instead of spending his lawsuit recovery at once, he decided to form a self-settled trust for long-term stability.
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