donative trust

donative trust
Type of trust created by transfer of property in trust as gift for benefit of another person or by proper declaration of legal owner of property that he will hold it in trust for another's benefit and does not require payment of any consideration by the beneficiary. Elbert v. Waples-Platter Co., Tex.Civ.App., 156 S.W.2d 146, 150, 151

Black's law dictionary. . 1990.

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