donative trust
A trust that establishes a gift of a beneficial interest in property for a beneficiary. • Most trusts are donative trusts. — Also termed gratuitous trust. [Cases: Trusts 35(1). C.J.S. Trover and Conversion § 55.]
A trust that establishes a gift of a beneficial interest in property for a beneficiary. • Most trusts are donative trusts. — Also termed gratuitous trust. [Cases: Trusts 35(1). C.J.S. Trover and Conversion § 55.]