Trust Agreement definition: Copy, customize, and use instantly
Introduction
The term "Trust Agreement" refers to a legal document that establishes the terms and conditions under which a trustee manages assets on behalf of a beneficiary. It is essential for defining the trustee’s duties, the beneficiary’s rights, and the administration of the trust.
Below are various examples of how "Trust Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Trust Agreement" in an estate planning context
This definition ties "Trust Agreement" to personal estate management.
"Trust Agreement" means the legal document executed by a grantor to establish a trust, defining the administration, distribution, and management of trust assets for the benefit of designated beneficiaries.
Definition of "Trust Agreement" in a financial and investment context
This definition connects "Trust Agreement" to investment fund structures.
"Trust Agreement" refers to the contractual arrangement governing an investment trust, outlining the duties of the trustee, the rights of investors, and the management of trust assets.
Definition of "Trust Agreement" in a securitization and structured finance setting
This definition links "Trust Agreement" to asset-backed securities.
"Trust Agreement" means the governing document that establishes a trust for the purpose of securitization, defining the trustee’s obligations in managing the transferred financial assets and distributing proceeds to investors.
Definition of "Trust Agreement" in a charitable and nonprofit setting
This definition applies "Trust Agreement" to charitable giving.
"Trust Agreement" refers to the document that forms a charitable trust, setting forth the purpose, administration, and distribution of assets to fulfill philanthropic objectives.
Definition of "Trust Agreement" in a revocable vs. irrevocable trust structure
This definition ties "Trust Agreement" to control over trust modifications.
"Trust Agreement" means the written instrument establishing either a revocable or irrevocable trust, specifying whether the grantor retains the right to amend, revoke, or modify the trust’s terms.
Definition of "Trust Agreement" in a business and corporate structuring context
This definition connects "Trust Agreement" to corporate trusts.
"Trust Agreement" refers to the instrument creating a corporate trust, outlining the roles of the trustee in managing business interests, shares, or employee benefits on behalf of stakeholders.
Definition of "Trust Agreement" in a custodial and fiduciary role
This definition links "Trust Agreement" to fiduciary responsibilities.
"Trust Agreement" means the document that defines the fiduciary duties of the trustee, specifying their obligations in managing and protecting the assets held in trust for the beneficiaries.
Definition of "Trust Agreement" in a real estate trust structure
This definition applies "Trust Agreement" to real estate holdings.
"Trust Agreement" refers to the legal instrument creating a real estate trust, detailing the ownership, management, and disposition of real property held within the trust.
Definition of "Trust Agreement" in a family trust arrangement
This definition ties "Trust Agreement" to family wealth management.
"Trust Agreement" means the legal document governing a family trust, ensuring the structured transfer and protection of wealth across generations.
Definition of "Trust Agreement" in a pension or retirement trust
This definition connects "Trust Agreement" to employee benefit plans.
"Trust Agreement" refers to the document establishing a pension or retirement trust, outlining the terms under which funds are managed and disbursed to beneficiaries upon retirement.
Definition of "Trust Agreement" in a joint trust structure
This definition links "Trust Agreement" to shared trustee management.
"Trust Agreement" means a legal document creating a joint trust in which two or more grantors contribute assets, jointly determining the administration and distribution of trust property.
Definition of "Trust Agreement" in a testamentary trust context
This definition applies "Trust Agreement" to wills and inheritances.
"Trust Agreement" refers to a trust created by a will, specifying how the deceased’s assets are managed and distributed to beneficiaries according to the grantor’s final wishes.
Definition of "Trust Agreement" in a special needs trust setting
This definition ties "Trust Agreement" to asset management for individuals with disabilities.
"Trust Agreement" means the document establishing a special needs trust, ensuring financial support and asset protection for a beneficiary with disabilities without affecting their eligibility for government benefits.
Definition of "Trust Agreement" in an escrow trust arrangement
This definition connects "Trust Agreement" to escrow transactions.
"Trust Agreement" refers to the legal instrument forming an escrow trust, specifying the terms under which assets are held and released upon the fulfillment of contractual conditions.
Definition of "Trust Agreement" in a revocable living trust
This definition links "Trust Agreement" to living trust structures.
"Trust Agreement" means a legal document that creates a revocable living trust, allowing the grantor to manage and transfer assets during their lifetime while avoiding probate.
Definition of "Trust Agreement" in a spendthrift trust arrangement
This definition applies "Trust Agreement" to asset protection from creditors.
"Trust Agreement" refers to the instrument establishing a spendthrift trust, restricting a beneficiary’s ability to transfer or pledge trust assets to ensure long-term financial protection.
Definition of "Trust Agreement" in an environmental and land conservation trust
This definition ties "Trust Agreement" to ecological preservation.
"Trust Agreement" means the legal document creating a land conservation trust, outlining the use, management, and protection of natural resources for environmental sustainability.
Definition of "Trust Agreement" in a dynasty trust framework
This definition connects "Trust Agreement" to multigenerational wealth management.
"Trust Agreement" refers to a trust designed for long-term asset preservation, ensuring distributions to multiple generations while minimizing estate taxes.
Definition of "Trust Agreement" in a bankruptcy or creditor protection trust
This definition links "Trust Agreement" to asset shielding strategies.
"Trust Agreement" means the document establishing a trust intended to shield assets from creditors, ensuring financial security and legal protection for beneficiaries.
Definition of "Trust Agreement" in an insurance trust context
This definition applies "Trust Agreement" to life insurance policy management.
"Trust Agreement" refers to the legal document governing an irrevocable life insurance trust (ILIT), ensuring the structured ownership and distribution of life insurance proceeds for estate planning purposes.
Definition of "Trust Agreement" in a voting trust arrangement
This definition ties "Trust Agreement" to shareholder voting rights.
"Trust Agreement" means the document establishing a voting trust, where shareholders transfer their shares to a trustee who votes on their behalf according to predetermined terms.
Definition of "Trust Agreement" in an offshore trust structure
This definition connects "Trust Agreement" to international asset protection.
"Trust Agreement" refers to the legal document creating an offshore trust, governing the management of assets held in a foreign jurisdiction for tax efficiency and financial privacy.
Definition of "Trust Agreement" in a business succession planning trust
This definition links "Trust Agreement" to long-term business continuity.
"Trust Agreement" means a trust created to facilitate the orderly transition of business ownership and control upon the retirement, incapacity, or death of the original owner.
Definition of "Trust Agreement" in a debt restructuring trust
This definition applies "Trust Agreement" to financial recovery strategies.
"Trust Agreement" refers to a trust used in debt restructuring, allowing assets to be managed by a trustee for the benefit of creditors while ensuring an orderly repayment process.
Definition of "Trust Agreement" in a development trust for public projects
This definition ties "Trust Agreement" to community investment.
"Trust Agreement" means the legal instrument establishing a development trust, used for managing funds dedicated to public infrastructure, community improvement, or urban redevelopment projects.
Definition of "Trust Agreement" in a land trust arrangement
This definition connects "Trust Agreement" to real estate ownership structures.
"Trust Agreement" refers to a trust created to hold and manage real estate properties, ensuring privacy, control, and tax benefits for the beneficiaries.
Definition of "Trust Agreement" in a custodial trust for minors
This definition links "Trust Agreement" to financial management for children.
"Trust Agreement" means a legal document establishing a custodial trust, under which assets are managed for the benefit of a minor until they reach the designated age of maturity.
Definition of "Trust Agreement" in a litigation settlement trust
This definition applies "Trust Agreement" to structured legal settlements.
"Trust Agreement" refers to a trust formed as part of a legal settlement, ensuring the structured distribution of compensation funds to claimants over time.
Definition of "Trust Agreement" in a Medicaid asset protection trust
This definition ties "Trust Agreement" to healthcare eligibility planning.
"Trust Agreement" means the legal document establishing a Medicaid asset protection trust, designed to preserve assets while maintaining eligibility for government healthcare benefits.
Definition of "Trust Agreement" in a perpetual charitable trust
This definition connects "Trust Agreement" to long-term philanthropy.
"Trust Agreement" refers to a legal document creating a charitable trust with an indefinite duration, ensuring ongoing support for designated nonprofit organizations.
Definition of "Trust Agreement" in an intellectual property trust
This definition links "Trust Agreement" to asset protection for creators.
"Trust Agreement" means a trust formed to hold intellectual property rights, ensuring proper management, licensing, and revenue distribution for the benefit of designated parties.
Definition of "Trust Agreement" in a private trust company structure
This definition applies "Trust Agreement" to family office services.
"Trust Agreement" refers to the founding document of a private trust company, which manages the financial affairs and estate planning needs of a single family.
Definition of "Trust Agreement" in an employee stock ownership plan (ESOP) trust
This definition ties "Trust Agreement" to employee benefits.
"Trust Agreement" means the trust document governing an employee stock ownership plan (ESOP), detailing how shares are held in trust for employees and how distributions are managed.
Definition of "Trust Agreement" in a dynasty trust for generational wealth
This definition connects "Trust Agreement" to asset preservation across multiple generations.
"Trust Agreement" refers to the legal document creating a dynasty trust, ensuring assets remain in the family for successive generations while minimizing tax liabilities.
Definition of "Trust Agreement" in a hybrid trust combining revocable and irrevocable elements
This definition links "Trust Agreement" to flexible estate planning.
"Trust Agreement" means a trust that incorporates both revocable and irrevocable components, allowing the grantor to retain control over certain assets while protecting others from future liabilities.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.