trust agreement

USAGE SUMMARY

"trust agreement" is a correct and usable phrase in written English.
You can use it when referring to an agreement between two parties that establishes a trust. For example, "The parties signed a trust agreement setting forth the terms and conditions of the trust."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

52 human-written examples

The trust agreement at issue in this case allows ample room for such labor-management differences.

Cornell University

According to the trust agreement, the trustees take character, motivation and scholastic performance into account.

The New York Times

Union leaders said today that they were unaware of what the trust agreement called for.

The New York Times

DILLON: The trust agreement as directed by President Trump imposes severe restrictions on new deals.

The Washington Post

i. Profit-sharing and pension accounts established under a trust agreement, which are exempt under § 205.2(b)(2).

Cornell University

Through instructions in the trust agreement, President-elect trust President-elect Trumpump first ordered that all pending deals be terminated.

The Washington Post

Human-verified similar examples from authoritative sources

Similar Expressions

8 human-written examples

He said the external pressure on HMG [the UK government] would be particularly acute if British Airways's anti-trust agreement with American Airlines was not approved".

The Guardian - Business

Dig up your original Trust Agreement, as the Amendment will need to refer to specific language and Articles contained in the Trust.

WikiHow

In 1882 the Standard Oil Company and affiliated companies that were engaged in producing, refining, and marketing oil were combined in the Standard Oil Trust, created by the Standard Oil Trust Agreement signed by nine trustees, including Rockefeller.

Encyclopedia Britannica

Moreover, the exhibit purporting to list the "protected" Friends and Family, attached to the executed Irrevocable Trust Agreement, is blank.

Forbes

Although the Irrevocable Trust Agreement had language appearing to give some vague protections to Friends and Family, these apparent protections were more cosmetic than substantive.

Forbes

Expert writing Tips

Best practice

Clearly define the purpose of the trust and specify how the assets will be managed and distributed according to the "trust agreement".

Common error

Avoid using ambiguous language in the "trust agreement". Clearly define all terms and conditions to prevent misinterpretations or legal challenges.

Linguistic Context

The phrase "trust agreement" functions as a noun phrase that identifies a legally binding document outlining the terms and conditions of a trust. Ludwig AI confirms its use across various contexts, affirming its role in legal and financial discussions.

Expression frequency: Very common

Frequent in

News & Media

38%

Academia

32%

Formal & Business

30%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase “trust agreement” is a common and grammatically correct noun phrase used to describe a legally binding document outlining the terms of a trust. As confirmed by Ludwig, it is frequently found in news articles, academic papers, and formal business documents, indicating a professional register. When drafting or interpreting a “trust agreement”, clarity and precision are essential to ensure that the intentions of the grantor are accurately reflected and legally enforceable. Alternatives such as "trust contract" or "trust arrangement" offer similar meanings but may convey subtle differences in formality or scope. Therefore, carefully choosing the appropriate terminology is crucial in legal and financial contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

trust contract

Replaces "agreement" with "contract", emphasizing the legally binding nature.

trust arrangement

Uses "arrangement" instead of "agreement", suggesting a more flexible or informal setup.

trust compact

Substitutes "agreement" with "compact", highlighting a formal, mutual understanding.

trust settlement

Replaces "agreement" with "settlement", focusing on the resolution or establishment of the trust.

terms of trust

Shifts the focus to the specific conditions and provisions within the trust.

trust deed

Uses "deed" instead of "agreement", emphasizing the legal document aspect of the trust.

trust instrument

Replaces "agreement" with "instrument", highlighting the formal, legal document that establishes the trust.

trust protocol

Substitutes "agreement" with "protocol", suggesting a set of rules and procedures governing the trust.

trust provisions

Focuses on the specific clauses and stipulations within the trust document.

trust stipulations

Emphasizes the specific requirements and conditions set forth in the trust.

FAQs

How is a "trust agreement" different from a will?

A "trust agreement" is a legal document that establishes a trust, which takes effect during the grantor's lifetime or upon their death. A will, on the other hand, only becomes effective upon the grantor's death. A trust can also help avoid probate, whereas a will typically requires it.

What are the key components of a "trust agreement"?

Key components include the identification of the grantor, trustee, and beneficiaries, a detailed description of the assets being placed in the trust, the purpose of the trust, and specific instructions on how the assets are to be managed and distributed. It should also include provisions for amendments and termination of the trust.

Can a "trust agreement" be changed after it's created?

It depends on whether the trust is revocable or irrevocable. A revocable trust can be amended or terminated by the grantor, while an irrevocable trust generally cannot be changed once it is established, unless there are specific provisions within the agreement allowing for modifications under certain circumstances.

What is the role of a trustee in a "trust agreement"?

The trustee is responsible for managing the assets held within the trust according to the terms outlined in the "trust agreement". This includes investing the assets, making distributions to beneficiaries, and ensuring compliance with legal and tax requirements. The trustee has a fiduciary duty to act in the best interests of the beneficiaries.