support trust

Definition of "support trust"
  1. A trust where the trustee is directed to expend only the necessary amount of income and assets for the beneficiary's upkeep
How to use "support trust" in a sentence
  1. The support trust ensured the child's needs were met after the parents' death.
  2. He set up a support trust to provide for his disabled sister's care.
  3. The income from the support trust was used to pay for the beneficiary's education and living expenses.

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