private trust
noun[C]
ukusFINANCE,LAW
alegalarrangementin which you give apersonororganizationtherighttomanageyourmoneyfor thepersonorgroupofpeoplethat you havechosentoreceivethemoney:
create/set up a private trustWe canadviseyou on thebenefitsofcreatingaprivatetrusttoprotectyourfamily'swealthfor the nextgeneration.
Compare
public trust