flexible trust
noun[C]
FINANCEukusaninvestmentplanthat is a way ofleavingmoneyto someone after youdie, in which thetrustees(= thepeoplewhomanagetheplan)candecidewho willreceivethemoney, from anagreedlist, and how themoneyisshared:
Aflexibletrustcanhelpwith Inheritance Taxplanning.
afinancialarrangementin which thetrustees(=peoplewhomanagesomeone else'smoney)candecidewhatinvestmentsto make and how to use anyincomefrom theseinvestments, withinlimitsthat have beenagreed
Compare
absolute trust
discretionary trust