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Simple English definitions for legal terms

trust declaration

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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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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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