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.
BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!
Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.
Question 1 of 9
You may have read the word "simmer" in a recipe or two, but what does it really mean?
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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020