Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 27th April, 2020 | 0 Views.