What does Clifford Trust mean? Read on to discover the definition & meaning of the term Clifford Trust - to help you better understand the language used in insurance policies.
A Clifford trust is a short-term trust that lets a grantor put an income-generating asset in the name of a beneficiary for no more than ten years. The beneficiary is usually a minor. After the term of the trust, the asset is placed in the name of the grantor again.
We hope the you have a better understanding of the meaning of Clifford Trust.