A trust charter is a document that outlines the rules, policies and procedures for managing a trust. It serves as a framework to guide the actions of those who manage or administer the trust, including trustees, agents or attorneys. The charter typically includes provisions on investment management, distribution of assets, communication with beneficiaries, tax planning, and other important aspects of managing a trust. It is an essential tool for ensuring that the trust is managed in accordance with the settlor's intentions and provides transparency and accountability to all parties involved.