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Definition of '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 benefit of, who can amend or revoke the trust (if it can be amended at all), who will serve as trustee and what powers the trustee holds, and information regarding what is to happen if a beneficiary wants to receive distributions.
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Investopedia explains 'Declaration Of Trust'
A declaration of trust is not required to be made in writing, but it often is. Some states require the declaration to be made in writing, while other states allow oral declarations to be made.
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Search results for 'Declaration Of Trust'
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http://www.investopedia.com/articles/pf/06/revocablelivingtrust.asp
... The revocable living trust is established by a written agreement or declaration
that appoints a trustee to manage and administer the property of the grantor. ...
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http://www.investopedia.com/exam-guide/cfp/principles-of-risk-and-insurance/cfp2.asp
... institutions: Banks; 3.6 Brokerage and Insurance Companies; 3.7 Mutual fund
and Trust Companies. 4. Education Planning: 4.1 Introduction; ...
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http://www.investopedia.com/university/estate-planning-guide/estate-planning2.asp
... to a pet, you should leave your pet to someone that you trust will take ... will such
as a no-contest provision. The wording of this declaration could look ...
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http://www.investopedia.com/articles/financial-careers/08/time-management-financial-career.asp
... Would the world have cared if Thomas Jefferson finished a lot of paper-shuffling
but never wrote the Declaration of Independence? ... Building Client Trust. ...
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http://www.investopedia.com/articles/pf/06/advancedcontracts.asp
... and Warranty: In most kinds of insurances, you have to sign a declaration at the ...
As we've already mentioned, insurance works on the principle of mutual trust. ...
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http://www.investopedia.com/articles/03/100803.asp
... announcement that the company will receive a tender offer, the declaration of a ... three
nonexclusive instances that call for a duty of trust or confidentiality: ...
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http://www.investopedia.com/exam-guide/finra-series-6/securities-markets/market-terms.asp
... Investment Companies: 11.1 Introduction; 11.2 Unit Investment Trust (UIT); 11.3 ... of
your confusion by reading the following short article: Declaration, Ex-dividend ...
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