honorary trust

Definition from Wiktionary, the free dictionary
Jump to: navigation, search



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.