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living trust

/ˌlɪvɪŋ trəst/
/ˈlɪvɪŋ trəst/
IPA guide

Definitions of living trust
  1. noun
    a trust created and operating during the grantor's lifetime
    synonyms: inter vivos trust
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    type of:
    trust
    something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
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