Phrases with «trust document»

A trust document is a legal paper that outlines how someone's belongings or assets should be managed and distributed after they pass away. It is a document that ensures the wishes of the person, also known as the trustor or settlor, are followed regarding their property, money, or investments. The trust document helps to provide guidance and instructions to a trustee, who is responsible for carrying out these wishes and protecting the assets for the benefit of the trust's beneficiaries. Full definition

Sentences with «trust document»

  • There are many different mortgage and / or deeds of trust documents in use. (biggerpockets.com)
  • A cost benefit analysis is also required because benefits may surpass costs to prepare trust documents and transfer assets into the trust. (moneysense.ca)
  • The trust will have a trustee who is responsible for managing the wishes of the creators of the trust according to the written trust document. (investopedia.com)
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