Property control trust

{
  "id": "MLC-T-LAW-005423",
  "term": "Property control trust",
  "field": "Law",
  "definition": "A legal arrangement where specific assets are placed under the management of a trustee for the benefit of designated beneficiaries, often to dictate how and when those assets are distributed or used. This trust structure allows the grantor to maintain a degree of control over the property even after transferring ownership. It is frequently used in estate planning to protect assets from creditors or to provide for beneficiaries with special needs.",
  "url": "https://mlchart.com/terminology/law/property-control-trust/"
}