declaration of trust

USAGE SUMMARY

The phrase "declaration of trust" is correct and usable in written English.
It is typically used in legal and financial contexts to refer to a document that outlines the terms of a trust agreement. Example: "The declaration of trust clearly states the responsibilities of the trustee and the rights of the beneficiaries."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

17 human-written examples

If you are not putting in the same amount towards the deposit, mortgage and other expenses, it's important to get everything documented in a formal declaration of trust.

The Guardian - Money

The get-out clause To plan for someone selling their share, you should set out details of an exit plan in the declaration of trust.

The Guardian - Money

Kirstie Law, a partner at Thomson Snell and Passmore, warned cohabitants to "regularly review the shares in which they own the property and update any declaration of trust if appropriate".

The Guardian - Opinion

"As Hanna was putting down a greater share of the deposit – as she had an inheritance – we decided to buy the property as 'tenants in common with unequal shares'," says Hartley. "We got this documented in a declaration of trust.

The Guardian - Money

Co-habitation agreements can help where couples are unmarried, while a Declaration of Trust will similarly allow each spouse to legally set out how much equity they have put into a property or other shared asset.

The Guardian - Money

This is why long-term partners should arrange either a cohabitation agreement or declaration of trust, laying out who owns what and how these will be distributed on separation".

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

43 human-written examples

On the 1st day of May, 1897, William H. Colehour executed to Charles W. Colehour a deed covering the lands in dispute subject to the terms of certain declarations of trust which the grantor had previously made.

Cornell University

p. 44: Declaration of Faith.

Cornell University

As the World Medical Assn.'s Declaration of Malta states: "Fostering trust between physicians and hunger strikers is often the key to achieving a resolution that both respects the rights of the hunger strikers and minimizes harm to them".

Los Angeles Times

Mr. Moon has strongly advocated an end-of-war declaration to build trust between North Korea and the United States and to prod the North to move toward giving up its nuclear weapons.

The New York Times

The three Democrats in Warshauer's sample supported Jackson's declaration of martial law but didn't trust Lincoln with the same powers.

The New Yorker

Expert writing Tips

Best practice

When drafting a "declaration of trust", ensure it clearly defines the trustee's responsibilities, the beneficiaries' rights, and the distribution of assets to avoid future disputes.

Common error

Avoid ambiguity by explicitly naming all beneficiaries in the "declaration of trust". Vague descriptions can lead to legal challenges and unintended distributions.

Linguistic Context

The phrase "declaration of trust" primarily functions as a noun phrase, often used as a subject or object within a sentence. Ludwig AI's examples show it refers to a legal document that establishes the terms of a trust.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Academia

40%

Science

10%

Less common in

Formal & Business

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "declaration of trust" is a grammatically sound noun phrase that refers to a formal legal document. As Ludwig AI confirms, it's designed to clarify the terms under which assets are held in trust, outlining the responsibilities of the trustee and the rights of the beneficiaries. While its use is relatively uncommon, it appears mostly in news, academic and legal contexts. To ensure its correct usage, focus on explicitly naming all beneficiaries and clearly defining the trust's terms to avoid future disputes. Alternatives like "trust deed" or "trust agreement" can be used, depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

trust deed

Focuses on the document itself rather than the act of declaring the trust.

trust instrument

A more formal term emphasizing the legal document establishing the trust.

trust agreement

Highlights the agreement aspect of establishing a trust.

statement of trust

Similar but can sometimes refer to a less formal document.

trust settlement

Emphasizes the act of settling property into a trust.

establishing a trust

Describes the action of creating a trust, rather than the document itself.

creating a trust

Another way to describe the action of setting up a trust.

terms of trust

Focuses on the specific conditions and provisions of the trust.

trust provisions

Similar to "terms of trust", highlighting the individual clauses.

laying out trust ownership

Expresses the clarification and establishment of ownership within a trust.

FAQs

What is the purpose of a "declaration of trust"?

A "declaration of trust" is a legal document that outlines the terms and conditions under which assets are held in trust by a trustee for the benefit of the beneficiaries. It clarifies ownership and distribution rights.

How does a "declaration of trust" differ from a trust deed?

While often used interchangeably, a "declaration of trust" is typically used when the person creating the trust is also the trustee. A trust deed, like a "trust agreement", usually involves separate individuals as the creator and trustee.

What information should be included in a "declaration of trust"?

A "declaration of trust" should include the names of the trustee and beneficiaries, a clear description of the assets held in trust, the specific terms of the trust, and the conditions for distribution. Consider also the possibility of an "exit plan".

Is a "declaration of trust" legally binding?

Yes, a properly executed "declaration of trust" is a legally binding document. It is essential to ensure that it complies with all applicable laws and regulations, and it may be wise to seek legal advice.