What is PURPOSEFUL TRUST?

This is a type of trust that is for a purpose and objective that is specified in the trust papers. This under certain laws in certain places. This is under the jurisdiction of places like Bermuda, Isle of Man and the British Virgin Islands.

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Related Legal Terms
MASTER TRUST, TRUST FOR SALE, QUALIFIED DOMESTIC INTEREST TRUST (Q-DOT TRUST), QUALIFIED TERMINABLE INTEREST PROPERTY TRUST (Q-TIP TRUST), TERMINATION OF TRUST, EXECUTED TRUST, MULTIPLE EMPLOYER TRUST, PROTECTION OF ASSETS TRUST, EXECUTORY TRUST, PURE TRUST


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