Family trust,
Definition of Family trust:
Trust designed to allow a parent to transfer assets to his or her children directly and prevent assets from being automatically inherited by a spouse.
How to use Family trust in a sentence?
- If you are really rich you may set up a family trust that will have all of your assets o to those in your family that you want to receive them.
- My parents had set up a family trust account for me and my sister, so we would have some money in the future, which made us happy.
- The family trust ensured the legacy of success and living well would be passed on to the next generation which made us happy.
Meaning of Family trust & Family trust Definition
