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Discover LudwigThe phrase "a trust agreement" is correct and usable in written English.
You can use it when referring to a legal document that establishes a trust, outlining the terms and conditions under which the trust operates.
Example: "Before proceeding with the estate planning, we need to draft a trust agreement that specifies the beneficiaries and the management of the assets."
Alternatives: "trust document" or "trust contract".
Exact(7)
i. Profit-sharing and pension accounts established under a trust agreement, which are exempt under § 205.2(b)(2).
In the past, when technologies allowed for business models that statutes did not contemplate, entrepreneurs turned to a business trust, which is created by a trust agreement that provides for the management of assets for a business purpose.
The IRS argued the heirs were transferees, but the transferee statute only covers transfers immediately after death, not later as occurred here under a trust agreement.
Even though the thought of divorce may be the furthest thing from your mind while you are drafting a trust agreement, it's essential that you consider "the possibility" of a future breakup while you are establishing the terms.
A Living Trust is created by a Trust Agreement and becomes effective immediately upon execution.
Some states require that a licensed attorney draft a trust agreement or a Will.
Similar(53)
(iii) A request for an informal opinion on a voting trust agreement pursuant to 49 CFR 1013.3(a) not otherwise covered $600.
(ii) A proposal to use on a voting trust agreement pursuant to 49 CFR 1013 and 49 CFR 1180.4(b)(4)(iv) in connection with a major control proceeding as defined at 49 CFR 1180.2(a) $6,100.
The Government charged that Hoffa had abused his responsibility as union president and pension‐fund trustee when he entered into a secret trust agreement that gave him, in addition to a purchase option, a major share of Sun Valley, Inc., a Florida real‐estate project near Cape Kennedy that was promoted as a retirement haven for teamster members.
These include a draft trust agreement for the disposition of a cache of 1.1 million bitcoins, to be held by a company in the Seychelles whose ownership is linked, in the agreement, to an e-mail address and public keys known to have once been controlled by Nakamoto.
Under terms of a blind trust agreement that bars them from controlling their investments to prevent a conflict of interest, the Office of Government Ethics had to approve release of the return, according to a spokesman, Marlin Fitzwater.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com