sprinkling trust(redirected from Sprinkling Trusts)
A trust in which the trustee decides how to distribute trust income among a group of designated people.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.