Henson trust
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English
Etymology
After Leonard Henson of Guelph, Ontario, who set up an absolute discretionary trust that became the subject of a legal case.
Noun
Henson trust (plural Henson trusts)
- (Canada, law, finance) A trust that protects the assets of a disabled person (typically an inheritance) and gives the trustee absolute discretion in how to use those assets to assist the beneficiary.