Declaration Of Trust Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Declaration Of Trust, written in plain English, along with examples of how it is used.

What is Declaration Of Trust?

n. The document that creates trust into assets that are placed and is signed by a trustor. The duties, powers of management and distribution of the profits and principal are stated in the document. The trust is managed by an appointed trustee, who may be the party who created the trust.