What is another word for trust funds?

Pronunciation: [tɹˈʌst fˈʌndz] (IPA)

Trust funds are a type of financial arrangement that involves a legal agreement between the owner of the assets and a trustee. They are commonly used to ensure that certain assets are preserved for a specific beneficiary or purpose. There are many synonyms for trust funds, including 'family trust,' 'asset protection trust,' 'revocable trust,' and 'irrevocable trust.' Other similar phrases include 'wealth preservation trust,' 'living trust,' 'testamentary trust,' and 'charitable trust.' Trust funds are a useful way to protect and pass on wealth, and it's important to explore all options and consult with a financial advisor before setting one up.

What are the hypernyms for Trust funds?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Trust funds

  • This, then, is held to be the duty of the man of wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community --the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than they would or could do for themselves.
    Andrew Carnegie

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