Declaration of Trust

views updated

DECLARATION OF TRUST

An assertion by a property owner that he or she holds the property or estate for the benefit of another person, or for particular designated objectives.

The term also signifies the deed or other instrument that contains the statement—which may be either written or oral, depending upon the applicable state law.

More From encyclopedia.com

About this article

Declaration of Trust

Updated About encyclopedia.com content Print Article

You Might Also Like

    NEARBY TERMS

    Declaration of Trust