family trust

C10969
concept

A family trust is a legal arrangement in which a trustee holds and manages assets for the benefit of designated family members according to the terms set out in a trust deed.

All labels observed (2)

Label Occurrences
family trust canonical 1
revocable trust 1

Description generation (CDg)

The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.

Instruction
generate a one-sentence description for a given conceptual class.
# Response Format
Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: family trust
Generated description
A family trust is a legal arrangement in which a trustee holds and manages assets for the benefit of designated family members according to the terms set out in a trust deed.

Instances (2)

Instance Via concept surface
Buss family trust
Elon Musk Revocable Trust revocable trust