MLchartDataset catalogue

Contingent trust

Term · Law · MLC-T-LAW-001265

A trust whose existence or terms become effective only upon the occurrence of a specific future event. The assets are held in trust, but their distribution or management is conditional. For example, a trust might become active only upon the death of the grantor or if a beneficiary reaches a certain age.

Table 1. Record
IdentifierMLC-T-LAW-001265
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001265",
  "term": "Contingent trust",
  "field": "Law",
  "definition": "A trust whose existence or terms become effective only upon the occurrence of a specific future event. The assets are held in trust, but their distribution or management is conditional. For example, a trust might become active only upon the death of the grantor or if a beneficiary reaches a certain age.",
  "url": "https://mlchart.com/terminology/law/contingent-trust/"
}

Record 1,111 of 5,441 in Law terminology (MLC-0107). Request the full dataset.