trust agreement
Asset management contract
A trust agreement is a legal document that creates a trust, specifying how assets will be held and managed by a trustee for the benefit of designated beneficiaries.
It outlines the terms, conditions, and instructions governing the trust: The trust agreement named her children as beneficiaries.
Also called a trust deed or declaration of trust.
- grantorOne who transfers rights
- pour-over willWill funding a trust
- trusteeOne managing another's assets
- corpusAssembled written works
- settlorTrust's founding party
beneficiary · legal document · fiduciary duty · peace of mind · probate law · contract · attorney-in-fact · estate planning · asset protection · executor · family legacy · notary · clause · irrevocable · provisions · inheritance · wealth · transfer