family trust

Family Trust

A trust into which the trustor places assets to be distributed to children following his/her death. Specifically, a family trust does not name the trustor's spouse as a beneficiary. See also: Q-TIP.

family trust

A trust established for the purpose of passing assets to children or other heirs rather than to a surviving spouse. See also sprinkling trust.
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com)-- Since 2006, the Sugarman Family Trust has continued to make every effort to support the Fullerton Technology Foundation and provide technology to the students and staff in the Fullerton School District.
Ecclestone gave his Formula 1 assets to his then wife Slavica in 1996 and they were transferred to a family trust in Liechtenstein.
We are keen that Aberdeen's oil and gas community supports us in this important new initiative, and I am delighted to announce the first significant donation - Au500,000 from the Wood Family Trust to our Foundation for the new Institute.
However, the Cray Family Trust has been terminated by action of the other two trustees, in accordance with Article II, Section 11 of the Trust Agreement under which the Cray Family Trust was formed.
announces that The Reynolds Family Trust sold on March 28, 2006, through the
TSX:CCI , AIM:CCI) announces that The Reynolds Family Trust sold 14,400 common shares in the company at an average price of C$15.
Ecclestone had owned 25 per cent of the Formula One Group through his Bambino Holdings family trust, along with three banks, including Bayerischen Landesbank.
This often occurs when a family trust (also known as a "credit" or "by-pass" trust) is funded with S stock.
The 145-acre parcel north of Sun Valley was recently purchased from a family trust.
Most of these involve the typical family trust, which has not funded any of the sub-trusts called for in the trust document after the first spouse has died.
stands for Best Investment Group), an investment club that he hopes will become a family trust fund.
But Treasury Permanent Secretary Sir Terry Burns has now said the Minister revealed the existence of the family trust last May.