Property Control Trust

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Definition: Property Control Trust

Property Control Trust
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Full Definition of Property Control Trust

Any trust that imposes limits or controls over the rights of trust beneficiaries.

These trusts include:

  1. special needs trusts designed to assist people who have special physical, emotional or other requirements,
  2. spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and
  3. sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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https://payrollheaven.com/define/property-control-trust/
Modern Language Association (MLA):
Property Control Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 22, 2024 https://payrollheaven.com/define/property-control-trust/.
Chicago Manual of Style (CMS):
Property Control Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/property-control-trust/ (accessed: May 22, 2024).
American Psychological Association (APA):
Property Control Trust. PayrollHeaven.com. Retrieved May 22, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/property-control-trust/

Definition Sources

Definitions for Property Control Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 0 Views.