What does active trust mean?
Definitions for active trust
ac·tive trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word active trust.
Princeton's WordNet
active trustnoun
a trust in which the trustee must perform certain duties
ChatGPT
active trust
Active trust, also known as an explicit trust or express trust, refers to a trust arrangement deliberately set up and managed by the trustee according to a trust deed. In this type of trust, the trustee is given specific duties and responsibilities related to managing the trust properties or assets - often on behalf of the trust's beneficiary or beneficiaries. The terms of an active trust are explicitly specified and are not left up to interpretation or inferred assumptions.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of active trust in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of active trust in Pythagorean Numerology is: 5
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"active trust." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/active+trust>.
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