Trust Agreement
/ˈtrʌst əˌgriːmənt/
Definitions
- (n.) A legal document that creates a trust by setting out the terms under which a trustee holds and manages property for the benefit of beneficiaries.
The trust agreement specified how the trustee should distribute income to the beneficiaries.
Forms
- trust agreements
Related terms
See also
Commentary
A trust agreement must clearly define the trustee's powers and the rights of beneficiaries to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.