What does clifford trust mean?
Definitions for clifford trust
clif·ford trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word clifford trust.
Princeton's WordNet
Clifford trust, grantor trustnoun
a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
ChatGPT
clifford trust
A Clifford Trust is a type of irrevocable trust established under U.S. tax law in which the settlor, or trust creator, transfers assets into a trust for a period of at least 10 years and a day. The income earned by the trust is paid to a beneficiary, usually the settlor's children, but the assets revert back to the settlor when the trust term ends. It is primarily used to transfer income producing assets while reducing or avoiding potential estate taxes or gift taxes. This type of trust is no longer used since rules changes in the 1980s made them less beneficial. They are named after Senator Clifford Case of New Jersey.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of clifford trust in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of clifford trust in Pythagorean Numerology is: 9
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"clifford trust." Definitions.net. STANDS4 LLC, 2024. Web. 9 Jun 2024. <https://www.definitions.net/definition/clifford+trust>.
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