Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “living trust”

living trust

noun [C]
 
 
(also formal inter vivos trust)
LAW a legal arrangement which allows someone to give their assets to someone else while they are alive but still keep control of them until they die: You can still control your assets if you put them into a living trust. → Compare living will, will noun
(Definition of living trust from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of living trust?
Add Cambridge dictionaries to your browser to your website

Word of the Day

see the light of day

When something sees the light of day, it appears for the first time.

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More