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declaration of trust

n. the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are stated, and distribution of profits and principal is spelled out.

See also: settlor  trust  trustee  trustor 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications