Resulting Trust

Definition of "Resulting trust"

Jo Dawn Martin
Jo Dawn Martin Coldwell Banker

Same as term trust; An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve it for either the grantor or the trust's beneficiary. The trust is set up by the grantor. The trustee is typically given authority to invest the property for a return. Trusts may be revocable or irrevocable.

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