English Explanatory Dictionary

Henson trust

English dictionary entry

Meanings

noun
  1. A trust that protects the assets of a disabled person (typically an inheritance) and gives the trustee absolute discretion in how to use those assets to assist the beneficiary.

Word forms

Henson trust Henson trusts

Etymology

After Leonard Henson of Guelph, Ontario, who set up an absolute discretionary trust that became the subject of a legal case.

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