trust declaration
Category: Wills, Trusts & Estates → Estate Tax
Category: Wills, Trusts & Estates → Living Wills & Medical Powers of Attorney

Nolo’s Plain-English Law Dictionary. . 2009.


trust declaration
The legal document that sets up a living trust. Testamentary trusts are set up in a will.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • declaration of trust — see declaration 4 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. declaration of trust …   Law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • declaration — dec·la·ra·tion n 1: the act of declaring declaration of dividends declaration of war 2 a: the first pleading in a common law action compare complaint …   Law dictionary

  • declaration of trust — declaˌration of ˈtrust noun declarations of trust PLURALFORM [countable usually singular] LAW PROPERTY a statement in which a trustee officially says that property is held for someone: • As both the husband and the wife have an interest in the… …   Financial and business terms

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • trust — A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor. Bloomberg Financial Dictionary See… …   Financial and business terms

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • Declaration of trust — Declaration Dec la*ra tion, n. [F. d[ e]claration, fr. L. declaratio, fr. declarare. See {Declare}.] 1. The act of declaring, or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation;… …   The Collaborative International Dictionary of English

  • Declaration — Dec la*ra tion, n. [F. d[ e]claration, fr. L. declaratio, fr. declarare. See {Declare}.] 1. The act of declaring, or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation; exposition; as …   The Collaborative International Dictionary of English

  • Declaration of Independence — Declaration Dec la*ra tion, n. [F. d[ e]claration, fr. L. declaratio, fr. declarare. See {Declare}.] 1. The act of declaring, or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation;… …   The Collaborative International Dictionary of English

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