How Do You Spell ACTIVE TRUST?

Pronunciation: [ˈaktɪv tɹˈʌst] (IPA)

The spelling of "active trust" is fairly straightforward. The first syllable, "ac-" is pronounced with a short 'a' sound, as in "cat," and the second syllable "-tive" is pronounced with a long 'i' sound, as in "hive." The final syllable, "-trust," is pronounced with a short 'u' sound, as in "rust." "Active trust" refers to a type of trust in which the trustee has a duty to actively manage and invest the trust assets for the benefit of the beneficiaries.

ACTIVE TRUST Meaning and Definition

1. Active trust is a legal concept that refers to a type of trust created with the intention of actively managing and controlling the trust assets. It is a fiduciary arrangement wherein the trust's creator appoints a trustee to oversee and administer the trust, with the purpose of carrying out specific functions and duties related to the trust property. Unlike passive trusts which may require minimal involvement from the trustee, an active trust requires the trustee to engage actively in the management and decision-making process.

   In an active trust, the trustee has the responsibility of actively investing, monitoring, and making decisions regarding the trust assets in accordance with the terms and objectives outlined by the trustor. The trustee must exercise due diligence and act in the best interests of the beneficiaries, ensuring that the trust property is protected and its value is preserved or enhanced.

   Active trusts are often established for various reasons, such as protecting and growing assets, minimizing taxes, or ensuring the financial stability of future generations. They are commonly employed in estate planning, where individuals wish to have ongoing management and control over their assets even after their death.

   The active trust structure allows for flexibility and customization, as the creator of the trust can specify detailed instructions and guidelines for the trustee to follow. This ensures that the trust is managed in line with the creator's wishes and objectives, providing greater security and peace of mind for the beneficiaries.

Common Misspellings for ACTIVE TRUST

• zctive trust
• sctive trust
• wctive trust
• qctive trust
• axtive trust
• avtive trust
• aftive trust
• adtive trust
• acrive trust
• acfive trust
• acgive trust
• acyive trust
• ac6ive trust
• ac5ive trust
• actuve trust
• actjve trust
• actkve trust
• actove trust
• act9ve trust

Etymology of ACTIVE TRUST

The etymology of the phrase "active trust" can be traced back to the Latin word "activus", meaning "active", and the Old Norse word "traust", meaning "confidence" or "trust".

The word "active" derives from the Latin word "activus", which is derived from the verb "agere", meaning "to do" or "to act". It signifies an inclination or readiness to engage in action or movement.

The word "trust" comes from the Old Norse word "traust", which evolved from the Proto-Germanic word "traustam", also meaning "confidence" or "trust". It implies reliance on someone or something, a belief in their reliability, honesty, or ability.

When these two terms are combined, "active trust" refers to a type of trust that is actively engaged or involved in the process.

Similar spelling words for ACTIVE TRUST

• active immunity,
• activewear,
• active birth,
• active site,
• active citizen,
• active voice,
• activeness,
• active agent,
• activator,
• TRUST ACTIVE.

Plural form of ACTIVE TRUST is ACTIVE TRUSTS