Semi Secret Trust Law and Legal Definition
Semi secret trust refers to a trust in which beneficiaries are not designated. The instrument indicates who is to serve as a trustee but fails to identify either the beneficiary or the terms of the trust, or both. In most jurisdictions, this type of arrangement is not recognized. As such, the assets go into a resulting trust for the benefit of the testator’s heirs. However, a few jurisdictions enforce semi-secret trusts. They look into the donor's intent, including the intended beneficiary, and impose a constructive trust in his or her favor.
