* * *
flexible trust UK US noun [C] FINANCE
► an investment plan that is a way of leaving money to someone after you die, in which the trustees (= the people who manage the plan) can decide who will receive the money, from an agreed list, and how the money is shared: »
A flexible trust can help with Inheritance Tax planning.
► a financial arrangement in which the trustees (= people who manage someone else's money) can decide what investments to make and how to use any income from these investments, within limits that have been agreed
Financial and business terms. 2012.