Clifford Trust (Noun)
Meaning
A trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more.
Classification
Nouns denoting possession and transfer of possession.
A trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more.
Nouns denoting possession and transfer of possession.