Memorandum of trust

{
  "id": "MLC-T-LAW-003217",
  "term": "Memorandum of trust",
  "field": "Law",
  "definition": "A condensed document that summarizes the key provisions of a more extensive trust agreement, without disclosing all the private details. This record confirms the existence of a trust, identifies the trustee, and outlines their powers, particularly concerning real property. It is often recorded in public land records to provide notice of the trustee's authority.",
  "url": "https://mlchart.com/terminology/law/memorandum-of-trust/"
}