Clifford trust
Definition
Type of US living trust (see inter vivos trust) set up for a period longer than ten years, after which the trust terminates and the trust property (usually income producing assets) is returned to the trustor.
Clifford trust is in the Corporate, Commercial, & General Law and Disaster Planning & Risk Management subjects.
Clifford trust appears in the definitions of the following terms: revisionary trust and reversionary trust
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