trust instrument
Asset-holding legal mechanism
A trust instrument is the legal document that creates and governs a trust, specifying its terms, the property it holds, who the beneficiaries are, and how the trustee should manage and distribute assets.
It may also be called a trust agreement, trust deed, or declaration of trust.
The trust instrument serves as the foundational authority for all decisions about the trust's operation.
The trust instrument specified that distributions would begin when the youngest beneficiary turned twenty-five.
- deedWritten property conveyance
- legal documentFormally binding written record
- beneficiaryDesignated asset receiver
- grantorOne who transfers rights
- fiduciaryAgent bound by loyalty
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- truststrustees, beneficiary, grantor, settlor, custodial accounts
trust instrumentlast will and testament
Document directing posthumous asset distribution
trust instrumentsole proprietorship
Unincorporated individual-owned business
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