Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,378,323 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Sprinkling Trust

    0.01 sec.
Sprinkling trust
A trust in which the trustee decides how to distribute trust income among a group of designated people.

Sprinkling Trust
A trust with several beneficiaries in which the trustee has the discretion to distribute funds between them. That is, the trustor gives the trustee a great deal of leeway to use the trust according to the needs of individual beneficiaries. A sprinkling trust may be a living trust or may be part of a will.

sprinkling trust
A family trust in which the trustee has the power to distribute income to the beneficiaries according to their individual needs rather than according to a specified formula.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Since all trusts are now required to use a calendar tax year, the ability to defer tax to the beneficiary of a discretionary or sprinkling trust has been foreclosed.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.