hold in trust for

USAGE SUMMARY

The phrase "hold in trust for" is correct and can be used in written English.
It typically means to keep something safe and secure for someone else. Example sentence: The bank was instructed to hold in trust for the beneficiary the sum of $50,000.

✓ Grammatically correct

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

This is their money, not funds they hold in trust for their heirs.

The New York Times - Magazine

Lawyers are ethically obligated to put money they hold in trust for their clients into accounts separate from their own.

The New York Times

It pools the short-term deposits that lawyers hold in trust for their clients and uses the interest produced to finance indigent legal services.

The New York Times

The Supreme Court today narrowly upheld a nationwide program that channels millions of dollars every year to legal services for the poor by pooling the interest earned on short-term deposits that lawyers hold in trust for their clients.

The New York Times

Legal aid groups have long benefited from little-known programs that draw interest earned from short-term deposits that lawyers hold in trust for clients during, for example, real estate transactions or personal injury payouts.

The New York Times

It rejected, by a 5-to-4 vote, a conservative legal group's challenge to a nationwide program that pools the interest on short-term bank accounts that lawyers hold in trust for their clients and uses that money to finance legal services.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

48 human-written examples

Federal law also allows for Indian casinos situated away from reservations, on land held "in trust" for the tribe.

The New York Times

The pirate Luis Aury claimed the island for Mexico that same year, but it was soon taken over by the United States and held "in trust" for Spain.

Encyclopedia Britannica

But once the £10bn Royal Collection is taken out of the financial equation - being held "in trust for the nation" and including the crown jewels - the Queen's estimated fortune of about £280m is dwarfed by that of her Dutch counterpart.

The Guardian

The British Crown Estate with holdings of £7.3 billion in 2011 —is held in trust for the nation and cannot be sold or owned by Elizabeth in a private capacity.

Wikipedia

Servant leaders build strong sustainable organisations which are held in trust for future generations.

The Guardian

Expert writing Tips

Best practice

When using "hold in trust for", clearly define the roles and responsibilities of all parties involved, including the trustee, the beneficiary, and the assets being held. This will prevent ambiguity and potential legal issues.

Common error

Don't use "hold in trust for" when you simply mean keeping something safe. This phrase implies a formal legal or fiduciary arrangement, not just temporary storage or safekeeping. Choose words like "safeguard" or "protect" if a formal trust isn't involved.

Linguistic Context

The phrase "hold in trust for" functions as a phrasal verb expressing a legal and fiduciary responsibility. As Ludwig AI confirms, it signifies maintaining assets securely for another's benefit, particularly within a formal trust arrangement.

Expression frequency: Uncommon

Frequent in

News & Media

45%

Encyclopedias

20%

Formal & Business

15%

Less common in

Science

10%

Wiki

5%

Academia

5%

Ludwig's WRAP-UP

In summary, "hold in trust for" is a phrasal verb that indicates a fiduciary responsibility to manage assets securely for the benefit of another. Ludwig AI confirms its grammatical correctness and common use in formal contexts. While not extremely frequent, it is prevalent in news, legal, and financial discussions. When using the phrase, ensure a clear understanding of trust law and the duties involved. Be mindful not to confuse it with simple safekeeping. Alternatives include "manage on behalf of", "act as trustee for", and "safeguard for", each offering nuanced shades of meaning.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

act as trustee for

Refers specifically to the role and responsibilities of a trustee.

administer in trust for

Emphasizes the active management of assets according to the terms of a trust agreement.

manage on behalf of

Implies overseeing and directing resources or affairs for another party.

safeguard for

Focuses on the act of protection rather than the legal or fiduciary aspect of a trust.

protect for

Focuses on shielding someone or something from harm or loss.

steward for

Suggests responsible management and caretaking on behalf of someone else.

secure for

Highlights the act of making something safe and guaranteed for someone's future use.

keep in custody for

Emphasizes physical possession and safekeeping, potentially implying a more temporary arrangement.

conserve for

Underscores the careful and economical use of resources for future availability.

preserve for

Highlights maintaining something in its current state for future use or benefit.

FAQs

How to use "hold in trust for" in a sentence?

The phrase "hold in trust for" indicates a legal arrangement where assets are managed for the benefit of someone else. For example: "The lawyer will "act as trustee for" the children's inheritance."

What is the difference between "hold in trust for" and "held in escrow"?

"Hold in trust for" implies a broader, ongoing fiduciary duty, while "held in escrow" refers to a temporary arrangement where funds or assets are held by a third party until specific conditions are met. Consider these terms distinct for their temporal and legal implications.

Which is correct, "hold in trust for" or "holds in trust for"?

The correct form depends on the subject. Use "hold in trust for" with plural subjects or "I/you". Use "holds in trust for" with singular subjects in the third person. Example: "The bank "acts as trustee for" many clients."

What can I say instead of "hold in trust for"?

You can use alternatives like "manage on behalf of", "safeguard for", or "administer in trust for" depending on the specific context and the nuance you want to convey.