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LSDefine

Simple English definitions for legal terms

trust declaration

Read a random definition: Master Trust

A quick definition of trust declaration:

Trust declaration is a document that says someone will take care of things for someone else. It can be written down or said out loud. The person who takes care of things is called the trustee. The document says what things the trustee will take care of, why they are taking care of them, and how they will do it.

A more thorough explanation:

Trust declaration is a legal document that can be written or spoken. It creates a trust and appoints a trustee to manage assets for the benefit of a third party. The document usually includes details such as the assets involved, the purpose of the trust, and how it will be managed.

John creates a trust declaration that appoints his sister, Jane, as the trustee. The trust declaration states that Jane must manage John's assets for the benefit of his children. The document lists the assets involved, such as John's house and savings account, and outlines how Jane should manage them.

Another example is when a wealthy individual creates a trust declaration to donate money to a charity. The document appoints a trustee to manage the funds and outlines how the money should be used to benefit the charity.

These examples illustrate how a trust declaration can be used to create a trust and appoint a trustee to manage assets for the benefit of a third party.

trust corpus | trust deed

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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