Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

• Property control trust: trust which imposes limits on the rights of beneficiaries for any reason. Includes special needs trusts which may provide for persons with disabilities, spendthrift trusts designed to prevent beneficiaries from wasting trust principal, and sprinkling trusts which authorize the trustee to decide how to distribute trust income or principal among beneficiaries.