declaration of trust

declaration of trust
declaration of trust declaˌration of ˈtrust noun declarations of trust PLURALFORM [countable usually singular] LAW PROPERTY
a statement in which a trustee officially says that property is held for someone:

• As both the husband and the wife have an interest in the property, each should be provided with a copy of any declaration of trust.

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declaration of trust UK US noun [C] LAW
a document giving a trustee the right to manage money or property for the benefit of someone else
a document that shows what share of a property is owned by two or more people: »

It is important to record your financial interest in the property, using a declaration of trust.


Financial and business terms. 2012.

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Look at other dictionaries:

  • declaration of trust — see declaration 4 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. declaration of trust …   Law dictionary

  • Declaration of trust — Declaration Dec la*ra tion, n. [F. d[ e]claration, fr. L. declaratio, fr. declarare. See {Declare}.] 1. The act of declaring, or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation;… …   The Collaborative International Dictionary of English

  • Declaration Of Trust — A statement made by the title holder of a piece of property that the property is being held for the benefit of another person. The property is placed in a trust, with a trustee overseeing the asset. The declaration outlines who the trust is in… …   Investment dictionary

  • declaration of trust — or declaration of use : a usually written acknowledgment by one holding or taking title to property that he holds the property in trust for or to the use of another …   Useful english dictionary

  • declaration of trust — A means whereby an owner of property may create a trust therein, consisting of his voluntary statement indicating or manifesting his intention to create a trust, which equity will regard as a transfer of title, notwithstanding there is no… …   Ballentine's law dictionary

  • declaration of trust — agreement which puts property into the hands of a trustee …   English contemporary dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • declaration — dec·la·ra·tion n 1: the act of declaring declaration of dividends declaration of war 2 a: the first pleading in a common law action compare complaint …   Law dictionary

  • trust declaration — See: declaration of trust Category: Wills, Trusts & Estates → Estate Tax Category: Wills, Trusts & Estates → Living Wills & Medical Powers of Attorney Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

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