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LSDefine

Simple English definitions for legal terms

trust declaration

Read a random definition: overbooking

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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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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