honorary trust

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English[edit]

Noun[edit]

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honorary trust (plural honorary trusts)

  1. (law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.