google bot detected Gift In Trust | Insurance Glossary | Realestateagent.com

Gift In Trust


Definition of "Gift in trust"

Value or property given by an individual to a trustee who holds and administers it for the benefit of the donee (recipient of the gift). For example, a father entrusts a life insurance policy with all ownership rights to a trustee. The trustee owns the policy, collects the proceeds, and administers the proceeds for the benefit of the donee son.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ