trust agreement

Definition of "trust agreement"
  1. A written pact that lists the key conditions of a trust, such as its operation, management, and distribution wishes
How to use "trust agreement" in a sentence
  1. The grandparents put assets into a trust agreement for the benefit of their young grandchildren.
  2. Before executing the trust agreement, the trustor carefully reviewed each clause.
  3. When managing a trust, it's critical to follow the exact parameters stated in the trust agreement.

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