declaration of trust

declaration of trust
declaration of trust see declaration 4

Merriam-Webster’s Dictionary of Law. . 1996.

declaration of trust
The document that creates a trust. It names a trustee and beneficiaries, sets out how trust assets are to be managed and distributed, and may list the assets that are to be held in trust. It is signed by the person creating the trust, who is usually called the grantor, settlor, or trustor. A trust declaration is also called a trust instrument.
Category: Wills, Trusts & Estates → Estate Tax
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

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

declaration of trust
England, Wales
A document, often a deed, executed by a trustee to acknowledge the fact that he or she holds certain property on trust for the benefit of another (called a beneficiary), and sets out the terms of the trust.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


declaration of trust
An assertion by a property owner that he or she holds the property or estate for the benefit of another person, or for particular designated objectives.

Dictionary from West's Encyclopedia of American Law. 2005.


declaration of trust
An assertion by a property owner that he or she holds the property or estate for the benefit of another person, or for particular designated objectives.

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

declaration of trust
n.
   the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are stated, and distribution of profits and principal is spelled out.
   See also: settlor, trust, trustee, trustor

Law dictionary. . 2013.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • 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

  • 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 Of Trust — A statement made by the title holder of a piece of property that the property is being held for the benefit of another person. The property is placed in a trust, with a trustee overseeing the asset. The declaration outlines who the trust is in… …   Investment dictionary

  • declaration of trust — or declaration of use : a usually written acknowledgment by one holding or taking title to property that he holds the property in trust for or to the use of another …   Useful english dictionary

  • declaration of trust — A means whereby an owner of property may create a trust therein, consisting of his voluntary statement indicating or manifesting his intention to create a trust, which equity will regard as a transfer of title, notwithstanding there is no… …   Ballentine's law dictionary

  • declaration of trust — agreement which puts property into the hands of a trustee …   English contemporary 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

  • 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 — 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

  • trust declaration — See: declaration of trust Category: Wills, Trusts & Estates → Estate Tax Category: Wills, Trusts & Estates → Living Wills & Medical Powers of Attorney Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”