Henson trust

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)

1. (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.