Term of Day
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through which a
rights (title) to one or more assets to one or more trustees for
on behalf of
one or more beneficiaries of the
. It normally states the (1) purpose for which the trust was established and
of which will terminate the trust, (2) details of the assets placed in the trust, (3) powers and limitations of the trustees, their
, and other
provisions, and (4) may also specify the trustees' compensation, if any. A trust agreement involving
requires its exact
and the trustor's express,
the trust to be
A will admitted to
may also act like a trust agreement. Also called
, or trust
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