Clifford trust

  1. a type of living trust set up for at least a 10-year period, during which the income goes to a beneficiary and after which the principal reverts to the grantor.

Origin of Clifford trust

After George B. Clifford, plaintiff in a suit against the Internal Revenue Service in 1940; regulations resulting from the suit defined the trust

Words Nearby Clifford trust Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024