living trust is an arrangement in which a property owner (trustor) transfers assets to a trustee who assumes specified duties in managing the asset. After payment of operating expenses and trustee's fees, the income generated by the trust property is paid to or used for the benefit of the designated beneficiary.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). living trust. Retrieved September 28, 2026, from http://smartdefine.org/living_trust/definitions/1157362 |
| Chicago | Barry Goldsmith. 2010. "living trust" http://smartdefine.org/living_trust/definitions/1157362 (accessed September 28, 2026). |
| Harvard | Barry Goldsmith 2010, living trust, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/living_trust/definitions/1157362>. |
| MLA | Barry Goldsmith. "living trust" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/living_trust/definitions/1157362> |