Definitions
There is 1 meaning of the phrase
Passive Trust.
Passive Trust - as a noun
Example Sentences
"The beneficiaries of the passive trust have no say in the management or control of the assets."
"A passive trust can be set up to provide for the long-term care and financial stability of a disabled individual."
"In a passive trust, the trustee has the legal authority to make all decisions regarding the assets."
"One advantage of a passive trust is that it can minimize estate taxes upon the grantor's death."
"It is important to choose a trustworthy and competent trustee for a passive trust."
