Declaration of trust

{
  "id": "MLC-T-LAW-001504",
  "term": "Declaration of trust",
  "field": "Law",
  "definition": "A legal instrument by which an individual or entity, known as the settlor, formally establishes a trust and transfers assets to a trustee for the benefit of designated beneficiaries. This document outlines the terms, conditions, and purposes of the trust. It specifies the powers and duties of the trustee and the rights of the beneficiaries.",
  "url": "https://mlchart.com/terminology/law/declaration-of-trust/"
}